The Social Investment Fund has completed the nationwide launch tour of its GWYESCO Loan Scheme in Wa, Upper West Region, an AfDB-backed facility that allocates 75 per cent of its funds to women and targets young people excluded from formal public sector employment.
The Social Investment Fund (SIF) has taken its Ghana Women and Youth Employment and Social Cohesion (GWYESCO) Loan Scheme to Wa in the Upper West Region, completing a nationwide launch tour that has moved through Tamale, Damongo, Walewale and Bolgatanga.
The scheme is designed to extend access to credit to beneficiaries who might otherwise be shut out of formal financing, promote entrepreneurship and support sustainable economic growth.
📢 GET A DETAILED ARTICLES + JOBS
Join ASJ's WhatsApp Channel and never miss a post or opportunity.
75 Per Cent of Funds Reserved for Women
The GWYESCO Loan Scheme will allocate 75 per cent of its funds to women, with the initiative aimed at empowering women and young people to establish businesses, become self-employed and improve their livelihoods.
Speaking at the launch in Walewale, SIF Chief Executive Officer Abass Adams Nurudeen explained that the scheme seeks to empower women and young people to earn sustainable incomes and live dignified lives within their communities, while reducing the need for young women to migrate to southern Ghana to engage in kayaye and other vulnerable forms of work.
He explained that President John Dramani Mahama had engaged the African Development Bank (AfDB) and the Ministry of Finance to establish the loan scheme to provide access to credit and enable beneficiaries to establish and expand their businesses.
The initiative was designed to create economic opportunities for people who may not have access to formal public sector employment, particularly women and the youth,” he indicated.
Eligibility Requirements
Under the eligibility requirements outlined at the events, women will receive 75 per cent of the facility, while male applicants must be between 18 and 35 years old to qualify.
The scheme is expected to create opportunities for beneficiaries to access financial support to develop their businesses, strengthen their livelihoods, and contribute to local economic growth.
Registration Is Free — Beware of Fraud
Speaking at the Tamale launch on October 27, 2026, Mr Nurudeen emphasised that registration for the scheme is completely free.
He cautioned the public against paying anyone to register or gain access to the scheme, urging prospective beneficiaries to remain vigilant against fraudulent activities.
Supported by AfDB and Government of Ghana
The initiative, supported by the African Development Bank and the Government of Ghana, seeks to promote entrepreneurship, create jobs, strengthen livelihoods and enhance economic inclusion among women and young people.
The scheme has been rolled out across multiple regions, with beneficiary mobilisation and awareness creation forming a core part of the rollout in each district.
Political Confidence in SIF Leadership
The Member of Parliament for Wa West, who passed through the launch in Walewale, expressed confidence in the leadership of SIF CEO Abass Nurudeen, describing him as a passionate young Ghanaian who demonstrates integrity, dedication and consistency in his work.
Key Facts at a Glance
| Aspect | Detail |
|---|---|
| Scheme | GWYESCO Loan Scheme |
| Implementing Agency | Social Investment Fund (SIF) |
| CEO | Abass Adams Nurudeen |
| Supporting Partners | African Development Bank, Government of Ghana |
| Allocation to Women | 75% |
| Male Eligibility Age | 18–35 years |
| Registration Cost | Free |
| Launch Locations | Tamale, Damongo, Walewale, Bolgatanga, Wa |
| Tamale Launch Date | October 27, 2026 |
| Policy Origin | Presidential engagement with AfDB and Ministry of Finance |
Source: Accra Street Journal
Last Updated on November 3, 2026 by Samuel Kwame Boadu
Disclaimer: Some content on Accra Street Journal may be aggregated, summarized, or edited from third-party sources for informational purposes. Images and media are used under fair use or royalty-free licenses. Accra Street Journal is a subsidiary of SamBoad Publishing Hub under SamBoad Business Group Ltd, registered in Ghana since 2014.
For concerns or inquiries, please visit our Privacy Policy or Contact Page.
Samuel Kwame Boadu is a Ghanaian media entrepreneur and storyteller with a passion for amplifying urban voices and uncovering everyday truths. He is the Editor-in-Chief and Founder of Accra Street Journal, a dynamic digital platform dedicated to capturing the pulse of Ghana’s capital—its people, culture, challenges, business, sports and innovations.
