Debt recovery has been identified as a major challenge crippling the Microfinance and Small Loans Centre (MASLOC) in the erstwhile National Democratic Congress (NDC) administration.
The previous government has been accused of politicizing operational activities of MASLOC as cronies of then government were allowed to access loans from the state agency without following due processes in contracting such loans.
Acting Chief Executive Officer (CEO), Mr. Stephen Amoah after a familiarization tour of the three Northern regions; Upper East, Upper West and Northern Region uncovered MASLOC loans were accessible to only sympathizers and cronies of the NDC party.
The new CEO stated that the fact finding exercise conducted revealed that “orders from the seat of government to officials compelled officers to give loans to unqualified people who are largely members of NDC which affected their operations negatively”.
Mr. Stephen Amoah promised to review the criteria assessment to make qualified persons to benefit from the scheme irrespective of their political affiliation.
“I will work to change things and make it MASLOC Ghana; Not MASLOC NPP or NDC” the CEO promised.
Mr. Stephen Amoah has also promised to review the odd plans to enable every Ghanaians to have access to the loans as part of government’s plans to eradicate poverty.
He also promised to establish centres at market places for small and large scale business people to have direct access to the loans
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