Ghana Women's Development Bank awaits BoG licence as new SME lending vehicle nears launch

Ghana's Women's Development Bank is awaiting a Bank of Ghana licence to begin operations, signalling the imminent launch of a state-backed SME lending vehicle with a gender focus. The bank complements existing signals around Bank of Ghana's call for increased SME lending and the broader fintech credit gap in Ghana's productive sector. For investors, the new institution represents a potential distribution and co-lending partner for fintech players targeting women-owned enterprises in Ghana.