The President of the Republic, Nana Addo Dankwa Akufo-Addo, says towards his government’s goal of reaching gender equality, a directive has been issued to the Microfinance and Small Loans Centre (MASLOC) to ensure that 50 percent loans disbursed are given to women engaged in small-scale farming and businesses.
According to President Akufo-Addo, Government has also put in place a deliberate policy of strengthening the capacity of local businesses by ensuring that 70% of all government-funded contracts or projects are awarded to local contractors.
“Out of this, initially 30% of the contracts or projects are being awarded to women,” he said.
President Akufo-Addo made this known on Tuesday, 5th June, 2018, when he delivered an address at the 2018 Women Entrepreneurship Summit, organised by the National Board for Small Scale Industries (NBSSI), at the Movenpick Hotel.
Again, with Ghana’s farming population consisting of greater numbers of women than men, the President stated that it is certain that more and more women will be involved in government’s flagship programme of Planting for Food and Jobs.
“Women empowerment has been given a tremendous boost by the implementation of our Free Senior High School policy. Last year, ninety thousand more students, the majority of whom were girls, entered senior high school, than in 2016,” he said.
He continued, “Our educational reforms are encompassing also the scaling up of technical and vocation education training, which will benefit many young girls, to equip our youth with the skills necessary for the construction of a modern economy.”
Whilst his government concentrates on economic and educational reforms aimed at women empowerment and entrepreneurship, the President stated that his government is not overlooking the critical importance of enhancing women’s participation in the governance of the country.
“We are making systematic efforts to meet our goal of gender parity in the distribution of public offices, both at the centre and at the districts, for we see the two sides of political and economic reform as two sides of the same coin for promoting gender equality and women empowerment,” he said.
On the restructuring of the NBSSI undertaken by Government, President Akufo-Addo noted that Ghanaians will shortly see an institution with a renewed drive on providing first class enterprise development services to MSMEs. “It will co-ordinate all programmes designed to integrate the MSMEs into agricultural and industrial value chains with market linkages to investment opportunities, being promoted by the Ministry of Trade and Industry, under our flagship “One District, One Factory” initiative, and other industrial initiatives, and by the Ministry of Food and Agriculture under the programme for Planting for Food and Jobs,” he said.
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