Findings from World Bank’s 2017 Global Findex Survey show that, Women in the country are eight percent less likely than men to access capital from financial institutions and other financial services and products to start or augment their businesses.
At the graduation ceremony for the first cohort of the Standard Chartered Bank (Ghana) Women in Technology Business Incubator Programme in Accra, the Second Deputy Governor of the Bank of Ghana (BoG), Mrs. Elsie Addo Awadzi therefore encourages female entrepreneurs in the technology space to explore fintech innovations in Ghana to ramp up their businesses.
According to her, Fintech provides several opportunities that women entrepreneurs could explore within the Central Bank’s Regulatory Sandbox environment to test innovative applications that will help expand their access to finance for themselves.
Finally, she congratulated the graduands and expressed the commitment of the Central Bank to enhancing a policy and regulatory environment that will support inclusive and broad-based economic growth where all economic actors, particularly women and youth entrepreneurs, will innovate and access appropriate forms of finance and at cost-effective rates.
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