NDC to establish National Women's Development Bank - Sammy Gyamfi hints

The National Communications Officer for the National Democratic Congress (NDC), Sammy Gyamfi, has hinted that a victory for the party in the upcoming December elections would lead to the creation of a National Women’s Development Bank under a Mahama administration.

Sammy asserts that the NDC is of the conviction that the financial empowerment of women is pivotal to the economic advancement of the nation.

He cited the 2023 National Population Census, which indicates that women exceed the number of men in Ghana, making up more than 51% of the entire population. This statistic underscores the importance of addressing the specific needs of women.

"If you are able to promote women, the job is half done because women are way more than men in Ghana. That is why we are talking about the national Women’s Development Bank. We have noticed that women love to engage in businesses, but they don’t have the requisite capital to start such businesses.

"A lot of the women have started with their own capital but are not able to sustain it due to the unfavorable economic conditions in the country in recent times. We are also aware of the loans women have to go for and the draconian interest that comes with the loans. We are also aware that, women spend all their profits servicing their loans to the extent that, at the end of the day, they end up getting nothing," Sammy said during an interview with UTV.