Women in Business dialogue series supports women entrepreneurs

The maiden WIB edition served as a platform to offer insights into harnessing the potential of women-led businesses

The maiden Women in Business dialogue series was organised by the B&FT at the La Palm Royal Beach Hotel on Tuesday (26 March) to provide women with an ideal platform to exchange ideas and provide insight into maximising the potential of women-led businesses.

The dialogue provided a platform to harness the potential of women-owned businesses under the theme  “investing in women-owned businesses for Ghana’s transformation agenda: A call for action.”

Godwin Acquaye, Chief Executive Officer of B&FT, said, “Studies have shown that when women are empowered economically, entire communities thrive. By providing women entrepreneurs with access to capital, markets and networks, we not only enhance their businesses’ viability but also create ripple-effects that benefit society as a whole.”

“Let us commit to providing equal opportunities for women entrepreneurs to thrive, innovate and lead. Let us foster an ecosystem where every woman with a dream and a vision can turn her aspirations into reality.”

Kosi Yankey-Ayeh, Chief Executive Officer of Ghana Enterprises Agency, acknowledged the crucial role that women-owned and led businesses play in driving economic growth, promoting innovation and nurturing vibrant communities.

She commended the contribution of women to the workforce, lauding them as innovative and actively involved in community development.

“We cannot ignore the harsh realities and challenges they face on a daily basis. From limited access to finance and markets to cultural biases and societal norms, the road to success for female entrepreneurs is often fraught with obstacles,” she said.

However, she added that these challenges are not insurmountable. “They are simply barriers that can be overcome with collective action, determination and the right support systems in place. That is why today, I stand before you to issue a call to action—a call to invest in women-owned and led businesses not just with words, but with tangible actions, projects, programmes and interventions that will inevitably drive meaningful change.”

One of the challenges, she stressed, was access to finance, saying: “Too often, our women entrepreneurs struggle to secure the funding they need to start or grow their businesses. This is why we must work together to expand access to financial resources.”

Rejoice Wodomdedzi Foli, consultant and UN Peace Ambassador, on her part, called for increased investments in education and skills development for women.

To ensure sustainability, she recommends training on business registration procedures and insurance, as well as technology incorporation and mentorship programmes.

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