Audio By Carbonatix
The Microfinance and Small Loans Company, MASLOC says it remains determined to wean itself off government support in the near future.
Government at the moment remains the sole-financier, but it says increasing demand from the public requires that it increases its loan purse.
Officials say plans to recapitalize and gain autonomy are currently before cabinet for approval.
Public Relations Officer, Mustapha Abubakar says one of the options is to source funds from the international market.
He said it is particularly important for MASLOC to try and stand on its own because the default rate of its beneficiaries was high because people tended to think that the money is government money.
Mustapha Abubaker said MASLOC is also working on extending loan facilities to public sector workers.
Source: Joy Business/Ghana
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
-
Gold Fields to hand over Damang Mine to Ghana in April 2026
9 minutes -
Kweku Adu-Gyamfi Opoku’s ‘Adi Nhyia’ Book of Symbols launched in Accra
21 minutes -
NLC orders striking university unions back to negotiation table
28 minutes -
NPP China and Belgium branches boost Patriotic Institute with financial and training support
38 minutes -
Ghana Catholic Bishops highlights moral duty to protect cocoa farmers
53 minutes -
Catholic Bishops urge urgent action to rescue Ghana’s cocoa sector
1 hour -
President Mahama extends warm Ramadan greetings to Muslims
2 hours -
DVLA opens new premium service centre in Kumasi
2 hours -
3 convicted over illegal firearms and ammunition possession in Wa; each fined ¢2,400
2 hours -
GREDA urges reduction of building materials prices as cedi gains strength
2 hours -
Trade Ministry and TradeMark Africa partner to boost Ghana’s garment industry
2 hours -
Advisory team of the Pan African AI Summit meets Communications Minister Sam George
2 hours -
Gender Ministry confirms abandoned newborn rescued in Elmina, receiving medical care
2 hours -
ECOWAS holds talks with Chiefs of Naval Staff in Accra
2 hours -
Minister for Communication receives Assemblies of God Church delegation
2 hours
