Ghana Women Fund makes strides
Inadequate access to credit by women in the informal sector is seen as a major challenge to development. In this respect, the United Nations Economic Commission for Africa (ECA) Conference of Ministers in 1990 adopted Resolution 736 on “women and their access to resources in the 1990s” and initiated moves towards the establishment of an African Bank for Women.
Advertisement
African Centre for Women
Pursuant to this resolution, the ECA, African Centre for Women (ACW) organised an ad hoc expert group meeting in Kampala, Uganda in 1994 to devise a financial institution which would cater for specific financial needs of African women at all levels, which defined the most appropriate mode of operation, and recommended measures which would ensure its viability and sustainability, as well as mobilisation of financial resources.
The meeting, which was chaired by Nana Oye Mansa Yeboaa, then first Deputy Governor of the Bank of Ghana, recommended, among others, the establishment of