Prof H Kwasi Prempeh Chairman of the Constitutional Review Committee in the feature article below advocates the phasing out of the Microfinance and Small Loans Centre (MASLOC).
According to Prof. Prempeh who is also the Executive Director of CDD-Ghana, MASLOC should be rolled into the Women’s Bank for proper regulatory oversight and accountability, among others…
Please read full article below
The case for a Women’s Bank is easily made. We must consider phasing out MASLOC and rolling it into the Women’s Bank–for proper regulatory oversight and accountability, among others. And get DBG back on mission, or else repurpose it as the Women’s Bank!
“Women are Africa’s economic backbone. They comprise 58 percent of the self-employed population and contribute 13 percent to the continent’ GDP.
Sub-Saharan women havea mongst the highest rates of entrepreneurship at 26 percent. Globally, one in six women intend tos tart a business; in Africa, it’s one in three.”
“Fifty-eight percent of Africa’s self-employed are women and contribute between $250-300 billion to the continent’s GDP. Women reinvest up to 90 percent of their incomes in education, health, and nutrition, in comparison to 40 percent by their male counterparts, transforming societies in the process. The female economy is the world’s largest emerging market, with the potential to add $12 trillion to the global GDP. Yet, women are overlooked or perceived as risky.”
“Africa needs all entrepreneurs to reach its economic potential. Gender parity in financing and private equity will accelerate and sustain economic growth, creating meaningful employment. Currently, there is a $42 billion funding gap for women entrepreneurs. The World Economic Forum projects that bridging this gapc ould boost Africa’s growth by $316 billion.”