Business News of Thursday, 16 September 2021Source: www.ghanaweb.com• Women entrepreneurs in Ghana are 8% less likely to gain access to capital than men• This is according to data available from the World Bank’s 2017 Global Findex Survey• Ghana’s private sector is largley dominated by women entrepreneursSecond Deputy Governor of the Bank of Ghana, Mrs Elsie Addo Awadzi, has revealed women entrepreneurs in Ghana are 8 percent less likely to gain access to capital from financial institutions as compared to their male counterparts. According to her, data from the World Bank’s 2017 Global Findex Survey also showed that entrepreneurial businesses owned by women tend to remain smaller and less profitable than those owned by men. Delivering the keynote address at a graduation ceremony for the Women in Technology (WIT) Business Incubator programme organised by Standard Chartered Ghana, Mrs Addo Awadzi said it is essential to prioritize requisite access to business support services for women entrepreneurs particularly in the technology business space. “The participation of female entrepreneurs in Ghana’s fast-growing technology sector remains marginal although there is great potential for women to play a key role in this space,” she pointed. “This programme has no doubt been a major confidence booster for the young female entrepreneurs behind these 14 businesses that graduate today.
