Over GH¢100 Million being loans given to beneficiaries have still not been recovered by Microfinance and Small Loans Centre (MASLOC).
A chunk of the amount that was given out under the erstwhile National Democratic Congress (NDC), regime without following due processes according to Chief Executive Officer (CEO), Mr. Stephen Amoah.
“Our debt portfolio currently stands at over GH¢100 Million and greater part of the amount was given out under the erstwhile government. They failed to follow the due processes in granting the loans to beneficiaries who are party cronies,” he revealed on Okay Fm.
He disclosed that some of the tricycles and that were purchased and given out on hire purchase were equally overpriced making it impossible to sell off the current stock.
“The tricycles we have are overpriced and we cannot even sell them in the open market. Kwame, I can tell you that the NDC wreaked serious havoc to this country and if we had allowed them in office for another term, the country would have gone on its knees,” he disclosed.
He said the Debt recovery was among other factors a major challenge crippling the Microfinance and Small Loans Centre (MASLOC) in the erstwhile National Democratic Congress (NDC) administration.
Mr Stephen Amoah accused the NDC of politicizing operational activities of MASLOC as cronies of the then government were allowed to access loans from the state agency without following due processes in contracting such loans.
The CEO stated that a 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.
He also promised to review the odd plans to enable every Ghanaian to have access to the loans as part of government’s plans to eradicate poverty by establishing centres at market places for small and large scale business people to have direct access to the loans
Source: mynewsgh.com
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
They call them selfs honorables in this country BUT they are not rather ***barred word*** , God will punished all of them fiscally for other politriciens to lean from, everybody chop chop here and there ,WE WILL COLECT ALL OUR MONEY IF THE TIME COMES, SO THEY SHOULD WATCH OUT !!
Please lets get the story correct, the heading is a deceptive, go through the story and listen to what the CEO said, he never mention of monies missing, what he actually said was that due process was not followed making it very difficult to recover the loans. Please take your time to read and understand it before you make any comments, the heading was manufactured by peace fm but the content explains it all. please read read read read
I wonder when the Npp would realise they are in power and stop this blame game. We need results and not them telling us our problems which we are well aware of. NPP wake up and do the work but if you know u can not do it just come and apologise to us and lets just move on cos this Mahama chop this and that is becoming too much. its past 5 months u were sworn into power stop the games and deliver your promises to us.
I thought they are loans with people (clients) and not monies lost. Why not establish the real fact before coming to say your predecessors stole the money? Talk Talk.... Please work and get us the needed results.
There they go again. Talk talk always, when you were leaving office in 2009 what was the loan recovery rate? stop the propaganda and work.
It is really a pity that we are always reading and hearing about the lost of government cars. properties and money. I will simply want to know , whether there is no person or people who are responsible to control and care for government properties which belong to all the citizens of Ghana. Why are the so called Ministers, Govt. officials so corrupt and criminals? If i have the authourity i will put these people in jail as well as the currupt judges as well.