|
|
Ghana: Masloc Disburses Gh¢18.3 Million to 30,000 Beneficiaries
 |
 |
|||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
Ghanaian Chronicle (Accra)
8 May 2008
Posted to the web 8 May 2008
Michael Boateng
Sunyani
The Chief Executive Officer (CEO) of the Microfinance and Small Loan Centre, Mr. Lawrence Prempeh, has revealed that his outfit has so far disbursed GH¢18.3 million to 30,000 beneficiaries across the country.
A total of GH¢37 million has also been approved, pending disbursement to over 127,000 beneficiaries.
In addition to this, a total amount of GH¢6.7 million, has been disbursed to support 42,069 beneficiaries, through pro-poor schemes of sixteen ministries, departments, agencies, and some private micro-finance groups.
Mr. Prempeh was speaking at a forum, organized by his outfit, in collaboration with the Ghana Journalists Association (GJA), on the MASLOC in Sunyani recently.
He noted that the accelerated disbursement of the funds to clients, started in October 2007, after the micro-credit component was decentralized, with the setting up of regional approval committees, in all the ten regions.
Mr. Prempeh explained that government established the MASLOC, to serve as the fiduciary agency for the prudent and judicious management of government's micro and small-scale credit programmes, in response to lack of financial support for the medium and small scale enterprises. MASLOC also forms an integral component of the Ghana Poverty Reduction Strategy (GPRS).
He commended the GJA for the laudable initiative, which seeks to eventually propel the media, to effectively articulate the concerns of small scale business entrepreneurs, adding that the future of banking, definitely belonged to microfinance, and it was incumbent on all stakeholders in the economy, to throw their weight behind the development of a vibrant sector, which would support the micro, small and medium enterprises in the country.
He refuted statements that employees of MASLOC were all affiliated to the NPP, just to assist in giving the loans to only members of the party.
According to him, it was unfortunate for people to make such allegations, because none of the staff was requested to provide a political party card, or asked of his or her political affiliation, before employment.
|
Mr. Prempeh also explained that MASLOC was a loan programme, which is on a demand basis, so if one failed to apply, there was no way that person could have access to the funds, therefore the public should not think it was only being given to people affiliated to the NPP.
The GJA General Secretary, Mr. Bright Blewu, advised the Small Scale Enterprises to engage the media, adding that the sector would work efficiently, with a collective effort of the media, and the players in the small scale sector.
He called on journalists to be crusaders of promoting the sector, instead of concentrating more on politics.
| |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Copyright © 2008 Ghanaian Chronicle. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Make allAfrica.com your home page | RSS Feed | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Top | Site Guide | Who We Are | Advertising | Search | Subscribe | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Questions or Comments? Contact us. Read our Privacy Statement. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
