The 2025 Budget presented by the Mahama-led administration has been lauded by Deputy Minister for Roads and Highways, Alhassan Suhuyini, as a testament to the government’s unwavering commitment to fulfilling its campaign promises, particularly in the realm of women’s economic empowerment. Suhuyini emphasized the allocation of funds for the establishment of a Women’s Development Bank as a concrete manifestation of this commitment, solidifying a pledge that some had dismissed as mere political rhetoric. This initiative, he argued, is not just a budgetary line item but a significant stride towards bridging the gender gap in access to financial resources, providing women entrepreneurs with the crucial support needed to flourish and contribute meaningfully to the nation’s economic growth. The budget’s emphasis on women’s economic empowerment signals a broader commitment to inclusive growth, recognizing the potential of women as key drivers of economic progress.
Suhuyini’s commendation extends beyond the specific allocation for the Women’s Development Bank, encompassing the broader philosophy underpinning the 2025 Budget. He posits that the budget is strategically crafted to restore public trust in governance, countering the growing cynicism surrounding political promises. This cynicism, he notes, is particularly prevalent among young people, who have become increasingly disillusioned with the perceived disconnect between campaign rhetoric and actual policy implementation. The 2025 Budget, Suhuyini argues, is a deliberate attempt to bridge this credibility gap, demonstrating that the government’s promises are not empty slogans but actionable commitments backed by concrete budgetary allocations. By translating campaign pledges into tangible budgetary provisions, the government aims to rebuild trust and foster a more positive perception of the political process.
The establishment of the Women’s Development Bank serves as a prime example of this commitment to action. By allocating funds to this initiative, the government is not merely paying lip service to the issue of women’s economic empowerment but demonstrating a genuine commitment to translating words into action. This concrete step underscores the government’s recognition of the vital role women play in economic development and its determination to create an enabling environment for their success. The bank’s establishment is expected to provide women-led businesses with access to much-needed capital, mentorship, and other resources, enabling them to overcome the systemic barriers that often hinder their growth and full participation in the economy.
Furthermore, the 2025 Budget’s focus on women’s economic empowerment aligns with global development goals and best practices. International organizations and development experts have consistently highlighted the importance of investing in women as a catalyst for economic growth and poverty reduction. By prioritizing women’s economic empowerment, the Mahama administration is not only fulfilling its campaign promises but also aligning its policies with global development priorities. This strategic alignment demonstrates the government’s commitment to evidence-based policymaking and its recognition of the interconnectedness of national and global development agendas.
Beyond the immediate impact on women entrepreneurs, the Women’s Development Bank is expected to have broader ripple effects on the economy. By empowering women economically, the initiative is likely to contribute to increased household incomes, improved living standards, and greater gender equality. These positive outcomes, in turn, can contribute to social stability and overall national development. The government’s investment in women’s economic empowerment is therefore not just a social imperative but also a sound economic strategy.
In conclusion, the 2025 Budget, as championed by Deputy Minister Suhuyini, represents a concerted effort by the Mahama administration to translate campaign promises into tangible action. The allocation of funds for the Women’s Development Bank serves as a prominent example of this commitment, demonstrating the government’s dedication to fostering women’s economic empowerment and restoring public trust in governance. This initiative is not merely a budgetary allocation but a strategic investment in the future of Ghana, recognizing the transformative potential of women as drivers of economic growth and social progress. The budget’s emphasis on actionable commitments, as exemplified by the Women’s Development Bank, signals a renewed focus on delivering tangible results and fostering a more positive relationship between the government and its citizens, particularly the youth who are increasingly demanding accountability and tangible progress.
