Women’s Development Bank will help women entrepreneurs -NDC PC for Oforikrom Constituency

3 News

Fri 06th Sep, 2024 18:00

The National Democratic Congress (NDC) Parliamentary candidate for Oforikrom Constituency, Sadat Ahmed believes that the establishment of a Women’s Development Bank (WDB) will help women in their quest to improve their businesses.

He said the project is a well thought out policy which the NDC intends to pursue when it comes into office in January 2025 .

Speaking on Akoma FM’s ‘Me potemu Keteke’ at Tech Junction Trotro Station in the Oforikrom Constituency, Mr Ahmed said women entrepreneurs and traders have always faced the challenges of raising capital to boost their businesses and the Women’s Development Bank has been planned to assist them to overcome such bottlenecks.

He maintained that the terms and conditions of traditional Banks, including the issue of collateral and equity have remained a stumbling block to women entrepreneurs over the years for which the Women’s Development Bank would take a critical look at in order to enable more women to access the facility.

He was particularly worried about traders at Oforikrom Union Market who find it difficult to get loans to support their business.

He also pledged his support to offer the women soft loans (without interest) to support their businesses.

“Women are the backbone of countless communities worldwide, and supporting their entrepreneurial spirit is not just a moral imperative, but a powerful economic driver”, he said.

National Democratic Congress (NDC) understands this deeply, and that is why the party is proud to offer a comprehensive suite of solutions designed to empower women-owned and women led businesses.

He said women entrepreneurs face unique challenges, often juggling business responsibilities with family commitments and societal expectations.

He pointed out that, the NDC has the welfare and wellbeing of all Ghanaians at heart, particularly the poor and downtrodden, including women and children with an open-door policy to welcome all and sundry into its fold and called on all Ghanaians to come on board the NDC band wagon to help rescue the nation.

By Benjamin Aidoo

The post Women’s Development Bank will help women entrepreneurs -NDC PC for Oforikrom Constituency first appeared on 3News.