International Women’s Day 2023: AFAWA Finance Series enhances gender focus of Ghana’s digital financial services policy, bolsters commitments to overcome financing gaps

Ghana’s Central Bank has lauded the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative for its role in equipping women-owned businesses to drive the country’s economy.

“This partnership between AFAWA, the African Guarantee Fund and the Ghana Association of Banks is timely and urgent,” said Elsie Addo Awadzi, second deputy governor of the Bank of Ghana, in Accra. “We believe it will go a long way in helping our economy recover from the current macro-economic challenges it faces and indeed make it more resilient.” Awadzi was speaking during the recent AFAWA Finance Series workshop held in the country’s capital to reaffirm the business case for bolstering women’s access to finance.

Awadzi called on stakeholders in Ghana to support the AFAWA initiative, saying it would serve the common good.

AFAWA is a pan-African initiative of the African Development Bank to bridge the $42 billion financing gap facing women in Africa.

The Finance Series, jointly organized by the African Guarantee Fund, offers an introduction to AFAWA’s partnership services for African finance ministers, central bank governors and financial institutions. In Accra, the three-day series addressed the country’s gender financing gap, the importance of gender-smart investment approaches, and how to increase business opportunities by building products and services to serve women entrepreneurs...Read more on AfDB.org

Source: AfDB