More women in Ghana need financial Inclusion
June 8, 2020
According to research conducted by the World Bank around savings and financial activities, women in Ghana engage in community savings projects way more than men and the drop-off rate of these group activity is as low as 2.9%, this rate is a lot lower than banks.
Interestingly also, in Ghana women are less financially literate than men by 8% and from the two data points you can see that though there is a low number of financially literate women, the literate ones are driving so much impact especially as regards to savings.
This means that excluding women from access to knowledge of and financial services will lead to a widespread loss of opportunity for their households and the economy as a whole. So, let us ensure more women around us know more about the financial system, how it affects them and the financial services available to them today!