The Minority Leader in Parliament, Alexander Afenyo-Markin, has questioned the government over delays in establishing the proposed Women’s Development Bank, a key policy promise aimed at supporting women entrepreneurs across Ghana.
According to him, more than a year after the policy was announced, the initiative is yet to be fully implemented, raising concerns about the government’s commitment to fulfilling its campaign promises.
Speaking at a public forum, Afenyo-Markin criticised what he described as a pattern of rhetoric without concrete action, insisting that Ghanaian’s are still waiting to see the Women’s Development Bank become operational.
“It’s over a year now. When are we going to have the Women’s Development Bank?” he asked, expressing frustration over the delay.
The Effutu Member of Parliament argued that the Women’s Development Bank was presented as a major economic intervention designed to empower women-led businesses, particularly those in the informal sector who struggle to access credit from traditional financial institutions.
He further noted that beyond the Women’s Development Bank, other key initiatives promised by the government, such as the widely discussed 24-hour economy policy, have yet to see full implementation. (Modern Ghana)
Afenyo-Markin maintained that unemployment and economic hardship remain pressing issues in the country, stressing that citizens are expecting tangible policies that will create jobs and improve livelihoods.
The Women’s Development Bank initiative was intended to provide affordable loans and financial support to women entrepreneurs, helping them expand their businesses and contribute more effectively to the national economy.
However, critics say the continued delay in rolling out the policy risks undermining confidence among many women who had hoped the bank would improve their access to capital.
The government has yet to provide a clear timeline for when the Women’s Development Bank will become fully operational.
