Dr. Naomi Wolali Kwetey, Managing Director of Consolidated Bank Ghana Ltd (CBG), has identified women as crucial drivers of Ghana's economic growth and national development. She stressed the urgent need for enhanced financial support to enable women-owned businesses to flourish across the country. Dr. Kwetey made these remarks at the 6th Women in Trade and Investment Conference 2026.
Empowering women entrepreneurs is fundamental to building stronger businesses, creating new jobs, and fostering more resilient communities. Dr. Kwetey stated that women's success directly translates into stronger families, thriving businesses, and more robust communities. This perspective underscores the significant ripple effect that supporting women in business can have on the broader Ghanaian society.
This emphasis on women's economic participation aligns with Ghana's broader agenda for inclusive growth and poverty reduction. The government has consistently sought to formalize and support the informal sector, where many women entrepreneurs operate. Initiatives aimed at improving access to finance and business development services for women are seen as vital for achieving sustainable development goals and reducing income inequality.
"We firmly believe that women are key drivers of economic growth, innovation, and national development," Dr. Kwetey affirmed. She added that CBG is committed to being a trusted partner, providing financial support, tools, and opportunities for women-owned businesses to start, grow, and succeed. This commitment reflects a strategic approach by financial institutions to tap into a significant, often underserved, market segment.
CBG encourages women entrepreneurs to explore its diverse range of financial products. These offerings include savings and investment solutions, flexible financing options, and essential business advisory services. These services are specifically designed to support enterprises at every stage of their growth, from nascent startups to expanding operations.
The Managing Director also highlighted the critical importance of financial literacy for entrepreneurs. She explained that individuals equipped with sound financial knowledge are better positioned to manage their businesses effectively. This knowledge is crucial for achieving sustainable growth and making informed financial decisions in a dynamic economic environment.
CBG's financial literacy programmes aim to equip women entrepreneurs with the necessary skills and confidence. These programmes help them navigate financial complexities, manage their businesses efficiently, and ensure long-term success. Such initiatives are vital for building a robust entrepreneurial ecosystem in Ghana.
Dr. Kwetey further urged conference participants to leverage the event for strategic networking. She encouraged them to exchange ideas and strengthen business networks, which could unlock new opportunities for collaboration and growth. Building strong partnerships is essential for business expansion and resilience in today's competitive landscape.
Reaffirming CBG's dedication, Dr. Kwetey stated the bank would continue to provide tailored financial solutions to women-led enterprises across various sectors and sizes. This ongoing commitment aims to unlock financial opportunities, empower more women entrepreneurs, and contribute to a more prosperous and inclusive Ghana. The bank's proactive stance is expected to foster greater economic participation among women.