BoG urges banks to back women-led businesses with affordable credit
Matilda Asante-Asiedu, Second Deputy Governor of the Bank of Ghana (BoG), urged financial institutions to recognize women entrepreneurs as a commercially viable market segment. Speaking at the 2026 Ghana Female CEOs Summit, Mrs. Asante-Asiedu urged banks and other financial institutions to design women-focused financial products that will improve access to credit for women-owned enterprises. She stated, "So to the financial institutions, stop treating women entrepreneurs as a charitable constituency and start treating them as the most commercially compelling segment."
Mrs. Asante-Asiedu noted that research and industry data continue to show that women entrepreneurs have lower loan default rates compared to many other customer segments. She explained that customers with consistent repayment histories and a strong commitment to investing directly into their businesses should be rewarded with better pricing and lending terms. She added, "The women repay better, they invest more, they build wisely and they build resilient enterprises."
Mrs. Asante-Asiedu appealed to banks to reconsider the high-risk premiums often attached to loans for women entrepreneurs. She emphasized that supporting women-owned businesses has broader economic benefits, arguing that empowering women entrepreneurs can significantly improve household welfare and contribute to national economic growth.
Quick Summary
The Bank of Ghana is encouraging financial institutions to change their perspective. They are being asked to see women-led businesses as a valuable market - not just a charity case - and to offer them affordable credit.
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