The Bank of Ghana (BoG) is calling on banks to increase their lending to women-led businesses. Second Deputy Governor Matilda Asante-Asiedu stated that these entrepreneurs are a commercially viable market. They consistently show strong repayment records. This makes them reliable customers for financial institutions.
Mrs. Asante-Asiedu spoke at the 2026 Ghana Female CEOs Summit. She urged banks to create financial products specifically for women-owned enterprises. This will improve their access to credit. Research shows women entrepreneurs have lower loan default rates. This is compared to other customer groups. Mrs. Asante-Asiedu believes banks should see women entrepreneurs as a compelling market segment. They are not just a charity case.
Her comments come at a time when access to finance remains a challenge for many businesses in Ghana. The Ghanaian economy relies heavily on small and medium-sized enterprises (SMEs). Women lead a significant portion of these SMEs. Supporting them can boost household welfare and national economic growth. Data from the World Bank has often highlighted the funding gap for female entrepreneurs globally. By urging banks to offer affordable credit, the BoG aims to bridge this gap.
Mrs. Asante-Asiedu noted her experience in commercial banking. Data supports lending more to women-led businesses. "The women repay better, they invest more, they build wisely and they build resilient enterprises," she said. She also asked banks to re-evaluate high-risk premiums on loans for women entrepreneurs. Those with consistent repayment histories deserve better pricing. This means better lending terms for their businesses.
This directive from the BoG is a significant step. It acknowledges the economic potential of women entrepreneurs. Banks that adjust their pricing and lending terms could see greater profitability. They can attract a loyal customer base. Decision-makers will watch to see how financial institutions respond. Increased lending could spur job creation and economic expansion. Wider access to capital will empower more women to grow their businesses.