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Vice President Mahamudu Bawumia has announced that his government will establish a Women’s Trade Empowerment Fund (WoTEF) to support women-owned businesses. This initiative is part of his vision to promote gender equality and empower women entrepreneurs.
The WoTEF will provide financial assistance to women-owned businesses, enabling them to access capital, markets, and technology. This will help to bridge the gap in economic opportunities and promote women’s economic empowerment.
The NPP government’s commitment to supporting women-owned businesses is a key aspect of its manifesto for the 2024 elections. The manifesto outlines several initiatives aimed at promoting women’s empowerment, including the implementation of the Affirmative Action Act, the establishment of a “Women in Diplomacy” program, and the promotion of women’s rights in the workplace.
The WoTEF is expected to make a significant impact on the lives of women entrepreneurs, enabling them to grow their businesses and contribute to the country’s economic development. Specifically, the improved access to technology pillars will enhance the competitiveness of women-owned businesses in Ghana and grant them critical leverage in the international market.
“We are committed to supporting women-owned businesses and promoting women’s economic empowerment,” noted in Vice President Bawumia’s manifesto. The WoTEF is a key initiative that will help to unlock the potential of women entrepreneurs and promote gender equality.”
The government’s efforts to support women-owned businesses have been welcomed by women’s groups and entrepreneurs, including women in Makola, Kejetia, and Kantamanto, who see this as a positive step towards promoting gender equality and economic empowerment.
