Forbes’ global statistics show that whilst limited funding is a challenge for both male and female entrepreneurs, women face more hurdles in accessing funding.  Only about 2.3% of venture capital goes to women entrepreneurs, and only 2% of women owned startups eventually generate a $1million as opposed to men who are 3.5 times more likely to achieve this number. Forbes goes on further to say that 48% of women in business also struggle because of the lack of competent advisors and mentors.

In Ghana, total early-stage entrepreneurial activity of women is at almost 60% and according to a study in 2019 conducted by the Mastercard Index of Women’s Entrepreneurship (MIWE), Ghana ranks as the country with the highest percentage of businesses owned by women – a whopping 46.4%!

However, beyond the financial and mentorship challenges, are other challenges like marginalization, social expectations, and personal and professional life balance. The GCIC Women Entrepreneurs Transformation Program (WETP) is a distinct aspect of the GCIC incubator that recognizes the peculiar challenges of female business leaders and attempts to resolve those challenges by creating safe spaces for gendered discourse.