Just in: Gov’t allocates 200 Million cedis to MASLOC, as company achieves 80 Loans recovery

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Government has allocated 200 Million Ghana Cedis to the Micro Finance and Small Loans Centre (MASLOC) in the 2019 budget.

This will enable the company make disbursements to businesses across the country.

Finance Minister, Ken Ofori Attah while delivering the 2019 budget and government economic policy statement in Parliament today, said the company is currently on the path of recovery from its near collapse after it was riddled with unpaid loans from loose management by the previous National Democratic Congress (NDC) administration.

He said the company has worked hard to reverse the negative balanced sheet to one of profitability and viability.

The Minister opined that the company has recovered about 80 percent of loans owed it by beneficiaries.

Source: BestNewsGH.com

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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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