Second Deputy Governor of the Bank of Ghana, Elsie Addo Awadzi has expressed the central bank’s resolve to create an enabling environment for women into Small and Medium-Sized Enterprises space to have easy access to funds to foot operational cost and aid expansion drives.
Mrs Awadzi is an international economic and financial lawyer with a total of 21 years of professional experience working in various capacities in Ghana and internationally has financial sector development and regulation, financial stability assessments, design of crisis management frameworks and financial safety nets as her key areas of specialization.
Madam Awadzi was until her Bank of Ghana appointment a Senior Counsel of the IMF’s Legal Department (Financial and Fiscal Law Unit) with experience working on countries such as Japan, South Africa, and the United Kingdom and before joining the IMF in 2012, was a Commissioner of Ghana’s Securities & Exchange Commission for six years.
A Mastercard Index of Women Entrepreneurs (MIWE) has shown that almost half the businesses in Ghana are owned by women representing 46%.
The report says women tend to be more inclined to engage in entrepreneurial activities (38%) than men (35%) showing Madam Awadzi’s resolve to bridge the finance gap between women entrepreneurs and funding is not misplaced.
By Michael Eli Dokosi/goldstreetbusiness.com