Audio By Carbonatix
The Ministry of Women and Children’s Affairs is to investigate the mode of disbursement of micro finance loans to rural women.
The ministry says it believes the proper procures and guidelines were not duly followed in the disbursement of the funds previously.
The micro finance scheme was introduced by the Kufuor administration to empower rural poor women.
The Minster of Women and Children’s Affairs, Akua Sena Dansua, told Joy News some women in the Eastern Region were yet to access to funds after they had been released six years ago.
She alleges women who were not supposed to benefit from the micro finance scheme benefited while those who badly needed the money rather did not get any.
That for her constituted a serious breach of the guidelines for disbursement of the funds.
She contends the lack of due diligence resulted in high default rate for the funds.
“If you don’t mobilize the right people recovering the loans will be difficult,” she stated.
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
-
Hohoe United FC faces 3-season ban, demoted to Division 2
30 minutes -
Bank of Ghana in 2025: Financially impaired but operationally resilient
40 minutes -
Ghana 4x100m relay team finish fourth at World Athletics Relays 2026, miss final
48 minutes -
Beyond the UNFCCC COPS : A New Climate Coalition puts science at the heart of global action
48 minutes -
Parts of Ashanti to experience power outages; check out affected areas
58 minutes -
Ghana clinches key Pan-African Parliament role as Annoh-Dompreh takes health and labour chair
1 hour -
The clandestine network smuggling Starlink tech into Iran to beat internet blackout
2 hours -
Bank of Ghana Balances on a Knife Edge
2 hours -
Xenophobia and the African Condition: A Call for Sobriety
2 hours -
Ghana assistant coach Roger de Sa details how he got the job
3 hours -
Taiwan president visits Eswatini days after blaming China for cancelled trip
3 hours -
Regional ‘Fisheries Without Borders’ project launched to combat declining fish stocks
3 hours -
Man charged with murder and sexual assault of 5-year-old Australian girl
3 hours -
Germany says US troop withdrawal ‘foreseeable’ as Trump warns of more ‘cuts’
3 hours -
Eduwatch warns DACF formula is deepening rural education inequality
3 hours