CGAP, in partnership with Cenfri and with support from SECO, presented a two-part webinar series focused on surfacing and dissecting practical solutions to addressing the gap in women’s financial inclusion in Africa.
Tackling the gender financial inclusion gap: The regulatory and supply-side perspective
Ghana’s ecosystem for digital financial services has grown rapidly and contributed to a spike in financial inclusion. According to the Findex, 58 percent of adults in Ghana now have access to a financial account. Yet there remains a significant gender gap in the uptake and usage of digital services. For instance, the gap in access to accounts is 8 percentage points. to provide insights and deliver actionable recommendations in the following suggested areas: 1) DFS impact on gender; 2) gender-focused financial inclusion initiatives pursued by the regulatory and supply-side; and 3) evidence to suggest impact on job creation and entrepreneurship.
In this webinar, we explored the results of this 2020 study and presented regulators and providers with a clear, data-driven picture of the issues that in Ghana and Africa more broadly are facing when it comes to digital financial inclusion. Our expert panel included representatives from the Bank of Ghana and the Ministry of Finance in Zambia, both of which play a significant role in driving women’s financial access, as well as the African Development Bank, which brings an Africa-wide perspective.