50% of MASLOC loans to be disbursed to women

Fifty percent of loans disbursed by the Microfinance and Small Loans Centre (MASLOC) are to be granted to women engaged in businesses and small-scale farming.

The loans would ensure that equal opportunities is provided for women in the business sector.

The directive was given by the President Nana Akufo-Addo at the Women Entrepreneurship Summit, organised by the National Board for Small Scale Industries (NBSSI), which was held in Accra.

President Nana Addo said that empowerment for women in Ghana, has enjoyed a remarkable boost with the implementation go the Free Senior High School Policy.

He added that government has put in place a deliberate policy of building the capacity of local businesses by ensuring that 70% of all government funded projects are awarded to local contractors.

“Out of this, initially 30% of the contracts or projects are being awarded to women…Women empowerment has been given a tremendous boost by the implementation of our Free Senior High School Policy. Last year, ninety thousand more students, the majority of whom were girls entered senior high school, than in 2016.,” he said.

The President, stated that education is supporting in developing young girls and women in the country and pledged government’s support in building their capacity.

On women in governance, he said that government is not overlooking the crucial importance of improving women’s participation in governance in Ghana.



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