#Iwd2024: Financial Inclusion and Entrepreneurship Can Boost Women'S Economic ...


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It's International Women's Day, and in Ghana, women are being honored for their contributions to the country's economybut they're not getting the recognition they deserve.

The country ranks 10th out of 54 countries in terms of women's entrepreneurial activity, but only 34th in terms of women's entrepreneurial intentions, according to the Global Entrepreneurship Monitor.

Ramat Ebella, acting head of Ghana's National Investment Bank, writes in a blog post that "more needs to be done to close the gender gap and ensure that all women have equal access to opportunities and resources."

The World Bank reports that in Ghana, women are less likely than men to have access to formal financial services, such as bank accounts, savings, credit, insurance, and payments, she writes.

"This limits their ability to start and grow businesses, invest in education and health, manage risks, and cope with shocks," she writes.

"By advocating for a conducive and inclusive policy and regulatory environment, the financial inclusion community can help create a level playing field for women entrepreneurs."

MasterCard, for example, is a partner in the Women's Entrepreneurship and Leadership for Africa program, which provides scholarships, mentorship, and business development support to women entrepreneurs in Ghana Read the Entire Article


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