Debate Rages Over Women’s Economic Empowerment Proposals Ahead of 2024 Ghana Elections [Video]

A social media commentator has ignited a debate over the contrasting approaches to women’s economic empowerment proposed by Ghana’s two major political parties ahead of the 2024 general elections.

The commentator argued that the New Patriotic Party’s (NPP) plan to establish a “Women’s Trade Empowerment Fund” (WoTEF) is a more practical and efficient solution than the National Democratic Congress’s (NDC) proposal for a Women’s Development Bank (WDB).

In a viral video, the commentator posed a critical question: What sets the Women’s Trade Empowerment Fund apart from the Women’s Development Bank? He suggested that while the NDC believes women need a specialized bank to access financial support, the NPP argues that existing financial institutions could effectively manage the funds intended for women, eliminating the need to establish a new bank.

The NPP’s 2024 election manifesto outlines WoTEF as a fund designed to provide loans and grants to women in business, which …