Financial Sector Is Male-Dominated

Financial Sector Is Male-Dominated

The traditional image of the entrepreneur as intrinsically made has been broken to a certain extent,it is still strong enough for some women to find it hard to be taken seriously, which has an adverse impact on applications for funding and finding clients.This discrimination against women seems to be even worse in Sub-Saharan African countries such as Ghana, where the financial sector is male-dominated.Illiteracy or semiliteracy among the majority of women in Ghana creates a further barrier to processing paperwork.Women’s lack of control over resources,such as land and labor, also limits their eligibility for loans. Banks’ ability to lend is often
constrained by inflation-induced de-capitalization,resulting mainly in insufficient funds available to finance loan request.In such cases,it is the women who receive lowest priority.