Audio By Carbonatix
Mr. Kwabena Sintim-Aboagye, West Akim District Chief Executive (DCE), has cautioned fake micro credit scheme organizers, allegedly collecting various sums of money from unsuspecting people in the area, to desist from the practice.
He said such people were operating under the pretext of forming micro credit schemes to enhance the economic pursuits of the people.
Mr. Sintim-Aboagye gave the warning when officials of the Bawjiase Area Rural Bank (BARB) paid a courtesy call on him at his office at Asamankese.
The visit preceded the formal inauguration of the Asuokaw Nkosour Credit and Savings Association, at Akim-Asuokaw, near Asamankese, in the Eastern Region.
The DCE said if the fake organizers continued to operate they would be flushed out since they were tarnishing the image of the Government and undermining the good works of genuine micro credit project implementers.
Mr. Sintim-Aboagye, however, said the Government supported financial institutions, especially the rural and the community Banks in the implementation of the micro credit facilities to improve the standards of living of the people in the rural areas.
He said Government and donor agencies were doing all that they could to assist viable banks with adequate funds to promote micro credit schemes.
Mr. Sintim-Aboagye commended the management of the Bawjiase Area Rural Bank for introducing the schemes in the Upper West Akim District to assist farmers and traders, and pledged the assembly's support for the Bank to achieve its objectives.
He reminded members of the Asuokaw Nkosour Credit and Savings Association that the 'master key' to socio-economic success was hard work and perseverance.
Mr. Emmanuel K. Osei, Chairman of the Board of Directors of the bank, urged members of credit associations to channel loans in productive ventures to enable them repay the facility.
Nana Okorewaa I, the Chairperson of the association, appealed to the Government to support the Banks with more funds so that they could reach out to more needy but hard working traders and food growers in the district.
Source GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
PKO trio eye victories at Odwira Festival
47 minutes -
346 Ghana Navy recruits pass out after 26 weeks of intensive training
53 minutes -
Newsfile to discuss EOCO-MP arrest, drug trafficking, speech arrests and $235m water debt
1 hour -
JoyNews gets results as listeners raise GH¢40,000 to help 17-year-old student with cerebral palsy attend SHS
2 hours -
Vice President calls for stronger local pharmaceutical production to reduce medicine imports
2 hours -
The brewing tension at KNUST; Beware the Ides of October….
2 hours -
Health Ministry moves to integrate traditional medicine into mainstream healthcare
3 hours -
550 pupils in Kintampo South get educational lifeline as ‘Seeds of Hope’ reaches farming communities
3 hours -
Opoku Mensah urges Christian Council, House of Chiefs to speak up on democratic freedoms
3 hours -
Teacher unions’ strike: Minority demands immediate payment of teacher arrears, 20% deprived area allowance
4 hours -
The Accra-Kumasi Expressway: Building it right
4 hours -
Beyond gold exports: Building value and economic resilience from Ghana’s gold
4 hours -
2027 AFCONQ: Ghana under pressure as Gambia beat Somalia 2-1
4 hours -
Eastern NPP Women’s Organiser calls on AG, Police to secure bail for Salomey Baffoe
4 hours -
Poverty, illiteracy driving acceptance of vote-buying among women – Damongo Queen Mother
5 hours