GOVERNMENT DEPOSITS GH¢400M, WOMEN'S DEVELOPMENT BANK TO START OPERATIONS BEFORE END OF 2026

Government has deposited *GH¢400 million* as initial capital for the *Women's Development Bank*, with the bank expected to commence full operations before the end of 2026.

The Minister for Finance, *Dr. Cassiel Ato Forson*, disclosed this while presenting the *Mid-Year Fiscal Policy Review of the 2026 Budget* in Parliament on Thursday, July 23, 2026.

*"Government has made progress towards the establishment of the Women's Development Bank. On the twenty-sixth of January twenty twenty-six the bank was formally incorporated as WDB Ghana Limited,"* he stated.

Dr. Forson said following incorporation, government applied to the *Bank of Ghana* for the requisite banking license.

*"Mr speaker following its incorporation government applied to the Bank of Ghana for the requisite banking license to enable the bank commence operations,"* he told the House.

To meet the capital requirement for licensing, the Ministry of Finance has lodged the seed capital with the central bank.

*"Mr speaker in fulfillment of the capital requirement for licensing the Ministry of Finance has deposited an amount of four hundred million Ghana cities into an account with the Bank of Ghana as the initial capital for the Women's Development Bank,"* Dr. Forson said.

He confirmed the timeline for rollout.

*"Mr speaker the Women's Development Bank is expected to commence full operations before the end of this year,"* he stated.