Some of the women during the summit
The Chief Executive Officer of the Ghana Venture Capital and Equity Association (GVCA), Amma Gyampo, has reaffirmed the industry association’s dedication to policy and regulatory reforms, as well as professional development programs designed to facilitate greater participation of women in finance, entrepreneurship, and economic advancement.
Speaking at the 7th National Women’s Summit on March 7, 2025, under the theme “Accelerate Action: Overcoming Barriers for Women in Corporate and Public Sectors,” Gyampo emphasized the need for gender-responsive financial initiatives and improved financial literacy.
She highlighted the importance of equipping women with the knowledge to explore diverse financing alternatives beyond commonly used high-interest loans, particularly for those looking to scale their enterprises and generate employment.
She pointed out that women remain underserved by conventional financial institutions, missing out on vital opportunities to secure working and expansion capital.
“When women succeed in business and finance, it benefits their families, society, and our local economies, but they are often overlooked or not adequately supported,” Gyampo stated.
Gyampo also urged churches and religious organizations to play an active role in promoting financial literacy and economic empowerment within their communities.
“Wouldn’t it be great to see more angel investing networks and investment clubs to help women and young people network and learn about business growth?” she asked.
She noted that such platforms could empower women with the knowledge and resources needed to expand their businesses and create long-term wealth.
Additionally, she advised female entrepreneurs to leverage digital financial tools such as Built Accounting, Kudigo, and Fido to access loans, manage financial records, and streamline business operations.
She stressed that technology-driven financial solutions could significantly enhance financial literacy, making it easier for women to make informed business decisions.
Gyampo cited the successes of local enterprises such as Home Foods, Meannan, and Hubtel as examples of how entrepreneurs can identify pressing local challenges and develop scalable business solutions.
“We need to help women understand the responsibilities that come with receiving equity investment, and we need to get more women into the investment industry as fund managers, investment committee members, and growth-driven founders scaling across borders,” she said.
She encouraged policymakers to collaborate with GVCA to build a conducive environment for women-led businesses to scale, underscoring the importance of policy and regulatory reforms to expand the availability of local currency venture capital and private equity funds in Ghana.
According to her, such initiatives would not only support women-led enterprises but also attract more investment into the country while ensuring that women have access to dignified and rewarding employment opportunities.
The summit reinforced the need for collective action to eliminate obstacles preventing women from thriving in corporate and entrepreneurial spaces, ensuring they can access the financial and professional resources necessary to excel.
AM/KA
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