The Chief of Staff, Hon. Julius Debrah, has inaugurated the new Board of the Microfinance and Small Loans Centre (MASLOC) at a ceremony held at the Jubilee House in Accra on the Thursday, June 12, 2025. The new board, comprising seasoned professionals with diverse expertise in finance, governance, entrepreneurship, and development strategy, is expected to play a critical role in navigating MASLOC towards greater efficiency, financial sustainability, and equitable support for SMEs and citizens in Ghana.
Board’s Mandate
The newly constituted board is tasked with:
– Deepening financial inclusion
– Improving loan recovery rates
– Promoting sustainable livelihoods, especially among women, youth, and underserved communities
– Expanding financial services to underserved communities
Chief of Staff’s Remarks
The Chief of Staff, Hon. Julius Debrah, commended MASLOC for its ongoing role in empowering micro and small enterprises, emphasizing the pivotal role it plays as a strategic partner in addressing poverty through access to credit and business support.
Board Chairperson’s Commitment
The newly sworn-in Board Chairperson, Mr. Jerry Nyamekye, expressed deep gratitude to the President, H.E. John Dramani Mahama, for the trust reposed in them. He noted that the Board is fully aware of the great responsibility that comes with this appointment and would work tirelessly to ensure MASLOC becomes a critical vehicle in advancing the government’s objectives, particularly in promoting financial inclusion, job creation, and poverty alleviation.
Immediate Term Priorities
Mr. Nyamekye outlined some immediate-term measures and priorities, including:
– Strengthening governance oversight and institutional discipline, particularly in loan recovery and disbursement processes
– Digitizing operations and loan management systems to enhance monitoring, reduce inefficiencies, and promote transparency and accountability
These initiatives are expected to form part of a broader and verifiable turnaround agenda for MASLOC.
Board Members
The newly constituted board consists of:
1. Mr. Jerry Nyamekye – Chairperson
2. Madam Abigial Elorm Akwambea Mensah – CEO
3. Hajia Joyce Zaynab Mahama – Member
4. Mr. Linus Azeriwie Agalisi – Member
5. Nana Amponsah Dokua III – Member
6. Madam Lily-Love Esetoobu Nunno – Member
7. Nana Akyaa Anti – Member
8. Mr. Simon Viglo Amegashie – Member
9. Madam Beryl Appenteng – Member
The board members have expressed their support and readiness to deliver, ensuring that resources are managed with integrity and foresight.
Story By: Kwame Lawerh
