Tag: MASLOC

  • Sedina Tamakloe has begun sentence at Nsawam Prison after days at Police Hospital – Manasseh Azure

    Sedina Tamakloe has begun sentence at Nsawam Prison after days at Police Hospital – Manasseh Azure

    A report by Joy News, which sources award-winning Ghanaian journalist and anti-corruption campaigner Manasseh Azure Awuni, indicates that former Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Sedina Tamakloe-Attionu, has begun serving her 10-year jail term.

    Even though she was not sent to jail the day she touched down due to a pre-existing medical condition, which was confirmed by the US authorities before she was extradited, the report confirms that she has started serving her sentence at the Nsawam Medium Security Prison after spending several days receiving medical treatment at the Police Hospital in Accra.

    According to the publication shared on the website of the Pledge Against Corruption (PAC), it noted that, following her arrival at Accra International Airport on June 9, she was left in the hands of the Bureau of National Investigations (BNI) and later transferred to the Ghana Prisons Service.

    According to the sources, she was admitted to the Police Hospital, where she received treatment for several days. However, the exact duration of her stay at the facility could not be independently confirmed.

    After undergoing treatment, the Police Hospital reportedly declared her medically fit to begin serving her sentence. She was subsequently given medication and transferred to the Nsawam Medium Security Prison to commence her 10-year jail term.

    Currently, she is being held in the female side of the Nsawam with limited visitors’ permission aside from her family members. The report also claims that while under medical supervision, she remained under the watch of prison authorities and was not allowed to seek treatment elsewhere, like from a private health facility.   

                          

    When her arrival was announced, and reactions 

    In a Facebook post, the Minister of State in charge of Government Communications and Presidential Spokesperson, Felix Kwakye Fosu, indicated that Sedinam has returned to Ghana from the USA, two years and two months after the Accra High Court sentenced her to 10 years in prison for over 70 corruption-related charges. The charges include the alleged embezzlement of more than $6 million in public funds.

    He noted that she arrived at the Accra International Airport at approximately 7:18 a.m. on Tuesday, June 9, aboard United Airlines flight UA 996 from Washington Dulles International Airport in the United States.

    “In April, 2024, the High Court convicted and sentenced SEDINA TAMAKLOE-ATTIONU in absentia. In July 2024, the Government of Ghana submitted an extradition request to the United States for her surrender to Ghana to serve her sentence.  After over two years of court proceedings, the United States authorities notified the Government of her surrender in January this year. She arrived in Accra on Tuesday, June 9, 2026.

    “Officials of the Ghana Police Service and the Ghana Prisons Service have taken her into custody and are making the necessary preparations for her to begin her sentence. Meanwhile, the Attorney-General is scheduled to meet his counterparts at the United States Department of Justice for a bilateral discussion on all pending extradition requests between the two countries”, Kwakye Fosu said in the post.

    The Minority in Parliament earlier alleged that former Microfinance and Small Loans Centre (MASLOC) Chief Executive Officer (CEO), Sedina Tamakloe-Attionu’s jail term was delayed by the government by 15 days.

    They cited contempt of court as the CEO was to have begun serving her sentence right when he touched down in Ghana following her extradition from the USA on June 9.

    Addressing a press conference in Parliament, a member of the Constitutional and Legal Affairs Committee, Nana Agyei Baffour Awuah, disputed claims that she was placed in custody immediately upon her return.

    “We can categorically state that until yesterday, June 24, Madam Sedina Tamakloe was not in prison custody. From June 9, when she arrived, to June 24, she was not in prison custody. That is a matter of record,” Mr Awuah stated.

    The Minority described the delay as interference with a lawful court order.

    “By preventing her from serving the prison term for the 15 days that she has been in Ghana, the government has interfered with a lawful order of a court of competent jurisdiction, and that is contempt of court. The government will only do that because Madam Sedina Tamakloe is one of its own, and that has been the trend,” he said.

    He also alleged that Madam Tamakloe has been assured that efforts will be made to avert her sentence.

    “She is in prison custody now. She was admitted yesterday, and she has been given assurances. Another assurance she has been given is that they are going to work around the clock to have the decision overturned,” he claimed.

  • Sedina Tamakloe-Attionu to be extradited to Ghana after U.S. court ruling

    Sedina Tamakloe-Attionu to be extradited to Ghana after U.S. court ruling

    Former Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Sedina Christine Tamakloe-Attionu, will be flown from the United States (U.S.) to Ghana to serve her 10-year sentence.

    This information was made public after a United States District Court in Nevada certified her extradition, adding that all documents submitted by Ghanaian authorities were valid.

    Her extradition will ensure that she faces the law after she and the former Chief Operating Officer of MASLOC, Daniel Axim, were found guilty on charges including causing financial loss to the state, theft, conspiracy to steal, money laundering, and contravening public procurement laws in 2024


    An Accra High Court issued an arrest warrant for Sedina Christine Attionu Tamakloe. This action followed an ex-parte motion filed by State Prosecutors. Assistant State Attorney Yvonne Yaache-Adomako, who addressed the court on April 22, 2024, stated that Tamakloe was convicted on all 78 counts against her.


    Sedina Tamakloe-Attionu received 10 years in prison, while Daniel Axim received a 5-year sentence. Madam Sedina Tamakloe-Attionu was tried in absentia after absconding abroad under the pretext of a medical check-up.


    Daniel Axim testified in person but did not present any witnesses.The government successfully located the former CEO of MASLOC. Despite being sentenced to 10 years in prison with hard labor, Tamaklo fled abroad.


    During that period, the government collaborated with partners in the United States to facilitate Tamaklo’s return to Ghana.


    The convictions are linked to the misappropriation of funds allocated for MASLOC activities between 2013 and 2016. Notably, the accused withdrew GH₵500,000 as a loan from Obaatampa Savings and Loans company and demanded a refund when the company refused to offer a 24% interest rate.


    Despite evidence of the refund, it was not reflected in MASLOC’s accounts. Additionally, the pair misappropriated over GH¢1.7 million intended for a sensitization exercise, with only a small portion used as planned.

    Funds designated for victims of a fire incident at Kantamanso were also misappropriated, and there were discrepancies in the purchase of vehicles and Samsung phones for MASLOC.


    Currently, Sedina Tamakloe-Attionu is in U.S detention following an extradition request by the Ghanaian government.


    MASLOC is an apex body responsible for implementing the Government of Ghana’s microfinance programmes targeted at reducing poverty. It was established in 2006 to grant loans to start-ups and small businesses to help them grow and expand as part of its core functions.


    Recently a collaboration between the Microfinance and Small Loans Centre (MASLOC) and the National Security operatives have resulted in the seizure of three out of five government vehicles which were in possession of the Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi.


    This information was disclosed by the Deputy Women Organizer for the National Democratic Congress (NDC), Abigail Elorm Mensah who also doubles as the CEO of MASLOC on Wednesday, September 10.


    Speaking to Citi News, the retrieval of vehicles from Wontumi is in line with a broader initiative to recover government loans and vehicles from defaulters.


    She noted that Chairman Wontumi adds up to one of the many individuals who receive loans and vehicles from the institutions but have refused to fulfill the terms of the agreement.


    According to the CEO of MASLOC, her outfit is working tirelessly to ensure Chairman Wontumi returns the two other government-owned cars.


    “I have gone with National Security operatives to the house of the Chairman of the NPP in Ashanti Region, Chairman Wontumi. Three cars. In fact, the cars were five. We’ve retrieved three. I have collected all from his house. We are still chasing him for the two.


    “He has to pay for them. What we do is that once I seize the cars, the agreement we have with you is that you would have to repay whatever has accrued, and we release the cars to you,” she said.


    The CEO of MASLOC mentioned that, “Between February and now, I have recovered roughly about GHS8 million, but that is not even up to 10% of what is in debt. We have in debt over GHS430m”.

    In the meantime, former Finance Minister Ken Ofori-Atta is scheduled to appear before a United States (U.S.) immigration court in Virginia on April 27, 2026, over his immigration status in the country.

    The embattled former minister was detained on 6 January 2026 in Washington, D.C., by U.S. Immigration and Customs Enforcement (ICE); however, he appeared before the court on Tuesday, January 20.

    According to reports, ICE has reportedly determined that Mr Ofori-Atta no longer has lawful status to remain in the United States, a development many believe could help expedite Ghana’s extradition process of the former Minister to Ghana.

    Ken Ofori-Atta left Ghana for the United States on January 4, 2025, according to investigative reporting detailing his departure timeline and visa use. As of today, January 8, 2026, that places his time in the U.S. at approximately 1 year and 12 days, following which he has been detained.

    Deputy Attorney General, Dr Srem-Sai, clarified a widely reported narrative about the circumstances surrounding Ghana’s Former Finance Minister’s arrest and detainment by immigration authorities in the United States (US).

  • U.S. Court to decide on Jan 21 whether or not to extradite Sedina Tamakloe-Attionu

    U.S. Court to decide on Jan 21 whether or not to extradite Sedina Tamakloe-Attionu

    The United States’ (U.S.) Court will on Wednesday, January 21 to decide whether or not to extradite the Former Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Sedina Tamakloe-Attionu to Ghana.

    Ghana’s Ambassador to the United States, Victor Smith, made the disclosure while speaking to the media on Friday, January 16.

    Her extradition will ensure that she faces the law after she and the former Chief Operating Officer of MASLOC, Daniel Axim, were found guilty on charges including causing financial loss to the state, theft, conspiracy to steal, money laundering, and contravening public procurement laws in 2024.

    An Accra High Court issued an arrest warrant for Sedina Christine Attionu Tamakloe. This action followed an ex-parte motion filed by State Prosecutors. Assistant State Attorney Yvonne Yaache-Adomako, who addressed the court on April 22, 2024, stated that Tamakloe was convicted on all 78 counts against her.

    Sedina Tamakloe-Attionu received 10 years in prison, while Daniel Axim received a 5-year sentence. Madam Sedina Tamakloe-Attionu was tried in absentia after absconding abroad under the pretext of a medical check-up.

    Daniel Axim testified in person but did not present any witnesses.The government successfully located the former CEO of MASLOC. Despite being sentenced to 10 years in prison with hard labor, Tamaklo fled abroad.

    During that period, the government collaborated with partners in the United States to facilitate Tamaklo’s return to Ghana.

    The convictions are linked to the misappropriation of funds allocated for MASLOC activities between 2013 and 2016. Notably, the accused withdrew GH₵500,000 as a loan from Obaatampa Savings and Loans company and demanded a refund when the company refused to offer a 24% interest rate.

    Despite evidence of the refund, it was not reflected in MASLOC’s accounts.

    Additionally, the pair misappropriated over GH¢1.7 million intended for a sensitization exercise, with only a small portion used as planned. Funds designated for victims of a fire incident at Kantamanso were also misappropriated, and there were discrepancies in the purchase of vehicles and Samsung phones for MASLOC.

    Currently, Sedina Tamakloe-Attionu is in U.S detention following an extradition request by the Ghanaian government.

    MASLOC is an apex body responsible for implementing the Government of Ghana’s microfinance programmes targeted at reducing poverty. It was established in 2006 to grant loans to start-ups and small businesses to help them grow and expand as part of its core functions.

    Recently a collaboration between the Microfinance and Small Loans Centre (MASLOC) and the National Security operatives have resulted in the seizure of three out of five government vehicles which were in possession of the Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi.

    This information was disclosed by the Deputy Women Organizer for the National Democratic Congress (NDC), Abigail Elorm Mensah who also doubles as the CEO of MASLOC on Wednesday, September 10.

    Speaking to Citi News, the retrieval of vehicles from Wontumi is in line with a broader initiative to recover government loans and vehicles from defaulters.

    She noted that Chairman Wontumi adds up to one of the many individuals who receive loans and vehicles from the institutions but have refused to fulfill the terms of the agreement.

    According to the CEO of MASLOC, her outfit is working tirelessly to ensure Chairman Wontumi returns the two other government-owned cars.

    “I have gone with National Security operatives to the house of the Chairman of the NPP in Ashanti Region, Chairman Wontumi. Three cars. In fact, the cars were five. We’ve retrieved three. I have collected all from his house. We are still chasing him for the two.

    “He has to pay for them. What we do is that once I seize the cars, the agreement we have with you is that you would have to repay whatever has accrued, and we release the cars to you,” she said.

    The CEO of MASLOC mentioned that, “Between February and now, I have recovered roughly about GHS8 million, but that is not even up to 10% of what is in debt. We have in debt over GHS430m”.In the meantime, three radio stations owned by Chairman Wontumi and six others have been directed by the National Communications Authority (NCA) to halt operations.

    Their suspension was enforced under Regulation 54 of the Electronic Communications Regulations, 2011 (L.I. 1991), which prevents the operation without a valid Certificate of Compliance.

  • Sedina Tamakloe-Attionu in U.S. detention following Ghana’s extradition request

    Sedina Tamakloe-Attionu in U.S. detention following Ghana’s extradition request

    The Nevada Southern Detention Centre in the United States (U.S.) has reportedly detained the former Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Sedina Tamakloe-Attionu.

    This was contained in a statement signed by Ghana’s Ambassador to the United States, Emmanuel Victor Smith, dated Thursday, January 15, 2026.


    “My information is that she was detained by US Marshals on January 6th and has since been kept at that detention centre. I am reliably informed that, acting on an extradition request sent to the US Authorities sometime in July 2024, US Marshals arrested Mrs. Tamakloe-Attionu and placed her in detention to await her day in court,” part of the statement read.


    In 2024, an Accra High Court issued an arrest warrant for Sedina Christine Attionu Tamakloe. This action followed an ex-parte motion filed by State Prosecutors. Assistant State Attorney Yvonne Yaache-Adomako, who addressed the court on April 22, 2024, stated that Tamakloe was convicted on all 78 counts against her.


    “I have before you a motion ex-parte for an arrest warrant to be issued for the arrest of the 2nd respondent convict (Sedina Tamakloe),” Ms. Yaache-Adomako said. She emphasized that sufficient grounds for the warrant had been demonstrated through facts and attached exhibits.

    The court, presided over by Justice Lydia Osei Marfo, granted the motion as requested.


    Madam Tamakloe was sentenced to 10 years in prison, while Daniel Axim, the former Chief Operating Officer of MASLOC, received a 5-year sentence. Both were found guilty on charges including causing financial loss to the state, theft, conspiracy to steal, money laundering, and contravening public procurement laws.


    The convictions are linked to the misappropriation of funds allocated for MASLOC activities between 2013 and 2016. Notably, the accused withdrew GH₵500,000 as a loan from Obaatampa Savings and Loans company and demanded a refund when the company refused to offer a 24% interest rate.

    Despite evidence of the refund, it was not reflected in MASLOC’s accounts. Additionally, the pair misappropriated over GH¢1.7 million intended for a sensitization exercise, with only a small portion used as planned. Funds designated for victims of a fire incident at Kantamanso were also misappropriated, and there were discrepancies in the purchase of vehicles and Samsung phones for MASLOC.


    Madam Sedina Tamakloe-Attionu was tried in absentia after absconding abroad under the pretext of a medical check-up. Daniel Axim testified in person but did not present any witnesses.
    The government successfully located the former CEO of MASLOC. Despite being sentenced to 10 years in prison with hard labor, Tamaklo fled abroad.

    During that period, the government collaborated with partners in the United States to facilitate Tamaklo’s return to Ghana.

    MASLOC is an apex body responsible for implementing the Government of Ghana’s microfinance programmes targeted at reducing poverty. It was established in 2006 to grant loans to start-ups and small businesses to help them grow and expand as part of its core functions.

    Recently a collaboration between the Microfinance and Small Loans Centre (MASLOC) and the National Security operatives have resulted in the seizure of three out of five government vehicles which were in possession of the Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi.

    This information was disclosed by the Deputy Women Organizer for the National Democratic Congress (NDC), Abigail Elorm Mensah who also doubles as the CEO of MASLOC on Wednesday, September 10.

    Speaking to Citi News, the retrieval of vehicles from Wontumi is in line with a broader initiative to recover government loans and vehicles from defaulters.

    She noted that Chairman Wontumi adds up to one of the many individuals who receive loans and vehicles from the institutions but have refused to fulfill the terms of the agreement.

    According to the CEO of MASLOC, her outfit is working tirelessly to ensure Chairman Wontumi returns the two other government-owned cars.

    “I have gone with National Security operatives to the house of the Chairman of the NPP in Ashanti Region, Chairman Wontumi. Three cars. In fact, the cars were five. We’ve retrieved three. I have collected all from his house. We are still chasing him for the two.

    “He has to pay for them. What we do is that once I seize the cars, the agreement we have with you is that you would have to repay whatever has accrued, and we release the cars to you,” she said.

    The CEO of MASLOC mentioned that, “Between February and now, I have recovered roughly about GHS8 million, but that is not even up to 10% of what is in debt. We have in debt over GHS430m”.In the meantime, three radio stations owned by Chairman Wontumi and six others have been directed by the National Communications Authority (NCA) to halt operations.

    Their suspension was enforced under Regulation 54 of the Electronic Communications Regulations, 2011 (L.I. 1991), which prevents the operation without a valid Certificate of Compliance.

  • No MASLOC car has ever been in my possession – Wontumi

    No MASLOC car has ever been in my possession – Wontumi

    Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi-Boasiako, popularly known as Chairman Wontumi, has denied ever possessing vehicles belonging to the Microfinance and Small Loans Centre (MASLOC).

    Speaking to the media on Tuesday, September 30, described the allegations false, adding, “It is not true that MASLOC vehicles were taken from me. These are mere lies. If indeed it was Wontumi who went for the vehicles, then they should come out with evidence and documentation to back it”.

    He further challenged MASLOC to provide an evidence to support their claim. In September, MASLOC revealed that a collaboration with the National Security operatives resulted in the seizure of three out of five government vehicles which were in possession of the Ashanti Chairman Wontumi.

    This information was disclosed by the Deputy Women Organizer for the National Democratic Congress (NDC), Abigail Elorm Mensah who also doubles as the CEO of MASLOC on Wednesday, September 10.

    Speaking to Citi News, the retrieval of vehicles from Wontumi is in line with a broader initiative to recover government loans and vehicles from defaulters.

    She noted that Chairman Wontumi adds up to one of the many individuals who receive loans and vehicles from the institutions but have refused to fulfill the terms of the agreement.

    According to the CEO of MASLOC, her outfit is working tirelessly to ensure Chairman Wontumi returns the two other government-owned cars.

    “I have gone with National Security operatives to the house of the Chairman of the NPP in Ashanti Region, Chairman Wontumi. Three cars. In fact, the cars were five. We’ve retrieved three. I have collected all from his house. We are still chasing him for the two.

    “He has to pay for them. What we do is that once I seize the cars, the agreement we have with you is that you would have to repay whatever has accrued, and we release the cars to you,” she said.

    The CEO of MASLOC mentioned that, “Between February and now, I have recovered roughly about GHS8 million, but that is not even up to 10% of what is in debt. We have in debt over GHS430m”.

    MASLOC is an apex body responsible for implementing the Government of Ghana’s microfinance programmes targeted at reducing poverty. It was established in 2006 to grant loans to start-ups and small businesses to help them grow and expand as part of its core functions.

    In the meantime, three radio stations owned by Chairman Wontumi and six others have been directed by the National Communications Authority (NCA) to halt operations.

    Their suspension was enforced under Regulation 54 of the Electronic Communications Regulations, 2011 (L.I. 1991), which prevents the operation without a valid Certificate of Compliance.

    In a press release by the National Communications Authority (NCA), the Authority explained that the affected radio stations, 95.9 FM in Accra, 101.3 FM in Kumasi, and 101.3 FM in Takoradi under the Wontumi Multimedia Company Limited, breached broadcasting regulations.

    According to the Authority, it served a 30-day grace period to the affected radio stations following an order by President John Dramani Mahama; however, the stations failed to adhere to the directive.

    “The National Communications Authority (NCA) has suspended the operations of nine (9) radio stations for various infractions. This action follows the expiration of the 30-day grace period granted by the President of the Republic of Ghana, His Excellency John Dramani Mahama for defaulting stations to remedy the violation of the laws and regulations governing FM radio broadcasting in Ghana

    “Six (6) stations failed, refused, and neglected to comply with the regulatory amnesty by taking no action. Consequently, the operations of the following stations have been suspended; Donplus Multimedia Limited; Dreams Ghana Media Limited, Jam Multimedia Limited, Jewel Group Limited, Unique Gateway Communication Limited and Wontumi Multimedia Company Limited.

    “Whereas many of the violating stations took steps to remedy breaches during the amnesty period, three (3) stations failed to remedy some of the breaches including unauthorised use of Studio-to-Transmitter Link (STL) frequencies and unapproved transmitter locations. Consequently, the operations of the following stations have been suspended for operating without a Certificate of Compliance in violation of Regulation 54 of the Electronic Communications Regulations, 2011, L.I. 1991,” parts of the release read.

    Meanwhile, six other radio stations have been shut down in the same regard. The Authority has assured the general public that it remains dedicated to maintaining order in the broadcasting sector.

    The NCA warned that failure to comply with its recent directive shall constitute an affront to the prescribed conditions for FM broadcasting with grave consequences for their authorizations.

    On the other hand, in a letter dated August 12, Wontumi Multimedia insisted that it has met all regulatory requirements. According to Wontumi Multimedia, “We settled the outstanding regulatory and spectrum fees amounting to Twenty- Two Thousand, Three Hundred and Thirty Ghana Cedis (GHC 22,330.00).

    “We invited the NCA for another inspection, which we facilitated as per the stipulated timeline. Given that all the issues highlighted in your previous letters have been addressed, we are currently working with our legal representatives to ensure that all matters related to our operations are handled appropriately.

    Earlier this month, Minister for Communications, Digital Technology and Innovation, Sam Nartey George revealed that a majority of the radio stations that were provided amnesty to meet regulatory requirements after being shut down have begun regularizing their paperwork.

    Providing an update to the public as part of the Government Accountability Series on August 1, the minister revealed that 58 out of the 64 radio stations are correcting their wrongs.

    “About five weeks ago, the ministry issued a directive to the NCA to shut down 64 radio stations. The President, H.E. John Dramani Mahama intervened and requested amnesty, which we granted—a 30-day amnesty.

    Of the 64 radio stations, 58 of them have written to the NCA and started the process of regularising their paperwork,” he said. He, however, noted that the 64 stations were just the first batch of the radio stations that were not complying with the laws.

    “However, you’d recall that I indicated that the total number of radio stations in default was 210. The 64 was just not one phase. We expect that the public sensitization with the first batch of 64 would have compelled the others to have taken steps to rectify their anomaly.”

    As such, the sector minister noted that “for all those who have failed to take any step, there will be no further public announcement on it. There will be simply enforcement in order to protect the public resource.”

    President John Dramani Mahama in June directed the Minister for Communications, Digital Technology and Innovation to liaise with the National Communications Authority (NCA) to immediately restore the broadcast of sixty-four (64) radio stations affected by the regulator’s action.

    The National Communications Authority (NCA) ordered a total of 62 FM broadcasting stations to immediately suspend operations on their respective frequencies due to persistent violations of regulatory requirements.

    The non-compliant stations violated Regulations 54 and 56 of the Electronic Communications Regulations, 2011 (L.I. 1991) and the Conditions of their FM Broadcasting Authorisations. In a statement by the Presidency on June 12, it was revealed that President Mahama is of the opinion that regulatory compliance must take into account the need to uphold and enhance media freedom.

    Per the statement, “requiring radio stations to shut down while awaiting the regularisation of their authorisation could limit the space for expressing such freedoms.”

    The President thus requested the sector minister to work with the NCA on a reasonable timeframe within which the affected stations should regularise their authorisation. The Ministry for Communications complied with the directive.

    Founder of Asaase Radio, Mr Gabby Asare Otchere-Darko confirmed the suspended operations of his radio station. In a post on X, Mr Otchere-Darko revealed that his uniform was supposed to renew its licence in October last year but only did so in December. Asaase Radio was set to commemorate its 5th anniversary on Saturday, June 14.

    “Yes, it’s true. Asaase Radio 99.5, which celebrates its 5th anniversary Saturday, has been shut down. The General Manager informs me it’s because the station delayed in renewing its licence last year. It was to be renewed by October but only done in December 2024,” Gabby Otchere-Darko wrote on X.

    In response, the Communications Minister Sam Nartey George entreated Mr Otchere-Darko to take advantage of the 30-days clemency the President has given and act according to what the law states. “The action by the NCA is in conformance with law. It is imperative we all respect the laws and act accordingly. Those affected are advised to take advantage of the 30-days clemency the President has given. For God and Country.”

    Per a statement issued by NCA, its action followed a directive issued by the Minister for Communication, Digital Technology, and Innovation, Sam Nartey George, mandating the authority to enforce applicable sanctions on stations found to be in violation of the regulations in the recent audit conducted to ensure full compliance with licensing and operational requirements in the broadcasting sector.

    The NCA thus commenced enforcement of regulatory sanctions against the defaulting entities identified in the Frequency Audit Report in phases. The categorisation of infractions under the first phase includes 28 stations operating with expired authorizations.

    Some of these stations were ordered by the NCA in 2024 to cease broadcasting but have persisted in the illegality. This represents a violation of Section 2 (4) of the Electronic Communications Act. 2008 (Act 775).

    Also, 14 FM stations that were issued Notices of Revocation for failure to set up within two (2) years from the date of their Authorizations subsequently requested inspection, but the process has not been completed due to various lapses they have to rectify but are still on air. These stations are in violation of Regulation 54 of the Electronic Communications Regulations, 2011. LI. 1991.

    Thirteen (13) FM stations that applied for authorization to continue operating and have been issued provisional authorization but have not settled the provisional authorization fees in full and hence do not have the valid authorization to continue operating.

    This represents a violation of Section 2(4) of the Electronic Communications Act, 2008 (Act 775). The NCA noted that it acknowledges the vital role radio stations play in national development; however, it is imperative that all authorization holders strictly adhere to the regulatory requirements and conditions of their authorizations.

    The Authority assured the general public that it remains dedicated to maintaining order in the broadcasting sector.

    In February this year, Minister for Communication, Digital Technology, and Innovation, Samuel Nartey George, ordered the closure of seven radio stations across the country for failing to comply with broadcasting regulations and national security requirements.

    Fire Group of Companies, I-Zar Consult Limited, Abochannel Media Group, Okyeame Radio Limited, Mumen Bono Foundation, and Osikani Community FM—were operating without valid frequency authorizations, while one, Gumah FM in Bawku, was closed on security grounds.

    Announcing the decision in a Facebook post on Tuesday, February 18, the minister emphasized the need for strict enforcement of media regulations to ensure responsible broadcasting.

    The move sparked discussions on media freedom and regulation, with some welcoming the enforcement of broadcasting standards, while others questioned the potential impact on press freedom.

    The Media Foundation for West Africa (MFWA) highlighted the unconstitutionality of shutting down the radio stations without consulting major stakeholders such as the independent National Media Commission (NMC). The Minority in Parliament then demanded that the Minister must appear before the House to provide clarity over the matter, but the Majority objected.

  • MASLOC retrieves state-owned cars from Chairman Wontumi for failing to meet loan conditions

    MASLOC retrieves state-owned cars from Chairman Wontumi for failing to meet loan conditions

    A collaboration between the Microfinance and Small Loans Centre (MASLOC) and the National Security operatives have resulted in the seizure of three out of five government vehicles which were in possession of the Ashanti Regional Chairman of the New Patriotic Party (NPP), Bernard Antwi Boasiako, popularly known as Chairman Wontumi.


    This information was disclosed by the Deputy Women Organizer for the National Democratic Congress (NDC), Abigail Elorm Mensah who also doubles as the CEO of MASLOC on Wednesday, September 10.

    Speaking to Citi News, the retrieval of vehicles from Wontumi is in line with a broader initiative to recover government loans and vehicles from defaulters.

    She noted that Chairman Wontumi adds up to one of the many individuals who receive loans and vehicles from the institutions but have refused to fulfill the terms of the agreement.


    According to the CEO of MASLOC, her outfit is working tirelessly to ensure Chairman Wontumi returns the two other government-owned cars.

    “I have gone with National Security operatives to the house of the Chairman of the NPP in Ashanti Region, Chairman Wontumi. Three cars. In fact, the cars were five. We’ve retrieved three. I have collected all from his house. We are still chasing him for the two.

    “He has to pay for them. What we do is that once I seize the cars, the agreement we have with you is that you would have to repay whatever has accrued, and we release the cars to you,” she said.

    The CEO of MASLOC mentioned that, “Between February and now, I have recovered roughly about GHS8 million, but that is not even up to 10% of what is in debt. We have in debt over GHS430m”.

    MASLOC is an apex body responsible for implementing the Government of Ghana’s microfinance programmes targeted at reducing poverty. It was established in 2006 to grant loans to start-ups and small businesses to help them grow and expand as part of its core functions.

    In the meantime, three radio stations owned by Chairman Wontumi and six others have been directed by the National Communications Authority (NCA) to halt operations.

    Their suspension was enforced under Regulation 54 of the Electronic Communications Regulations, 2011 (L.I. 1991), which prevents the operation without a valid Certificate of Compliance.

    In a press release by the National Communications Authority (NCA), the Authority explained that the affected radio stations, 95.9 FM in Accra, 101.3 FM in Kumasi, and 101.3 FM in Takoradi under the Wontumi Multimedia Company Limited, breached broadcasting regulations.

    According to the Authority, it served a 30-day grace period to the affected radio stations following an order by President John Dramani Mahama; however, the stations failed to adhere to the directive.

    “The National Communications Authority (NCA) has suspended the operations of nine (9) radio stations for various infractions. This action follows the expiration of the 30-day grace period granted by the President of the Republic of Ghana, His Excellency John Dramani Mahama for defaulting stations to remedy the violation of the laws and regulations governing FM radio broadcasting in Ghana

    “Six (6) stations failed, refused, and neglected to comply with the regulatory amnesty by taking no action. Consequently, the operations of the following stations have been suspended; Donplus Multimedia Limited; Dreams Ghana Media Limited, Jam Multimedia Limited, Jewel Group Limited, Unique Gateway Communication Limited and Wontumi Multimedia Company Limited.

    “Whereas many of the violating stations took steps to remedy breaches during the amnesty period, three (3) stations failed to remedy some of the breaches including unauthorised use of Studio-to-Transmitter Link (STL) frequencies and unapproved transmitter locations. Consequently, the operations of the following stations have been suspended for operating without a Certificate of Compliance in violation of Regulation 54 of the Electronic Communications Regulations, 2011, L.I. 1991,” parts of the release read.

    Meanwhile, six other radio stations have been shut down in the same regard. The Authority has assured the general public that it remains dedicated to maintaining order in the broadcasting sector.

    The NCA warned that failure to comply with its recent directive shall constitute an affront to the prescribed conditions for FM broadcasting with grave consequences for their authorizations.

    On the other hand, in a letter dated August 12, Wontumi Multimedia insisted that it has met all regulatory requirements. According to Wontumi Multimedia, “We settled the outstanding regulatory and spectrum fees amounting to Twenty- Two Thousand, Three Hundred and Thirty Ghana Cedis (GHC 22,330.00).

    “We invited the NCA for another inspection, which we facilitated as per the stipulated timeline. Given that all the issues highlighted in your previous letters have been addressed, we are currently working with our legal representatives to ensure that all matters related to our operations are handled appropriately.

    Earlier this month, Minister for Communications, Digital Technology and Innovation, Sam Nartey George revealed that a majority of the radio stations that were provided amnesty to meet regulatory requirements after being shut down have begun regularizing their paperwork.

    Providing an update to the public as part of the Government Accountability Series on August 1, the minister revealed that 58 out of the 64 radio stations are correcting their wrongs.

    “About five weeks ago, the ministry issued a directive to the NCA to shut down 64 radio stations. The President, H.E. John Dramani Mahama intervened and requested amnesty, which we granted—a 30-day amnesty.

    Of the 64 radio stations, 58 of them have written to the NCA and started the process of regularising their paperwork,” he said. He, however, noted that the 64 stations were just the first batch of the radio stations that were not complying with the laws.

    “However, you’d recall that I indicated that the total number of radio stations in default was 210. The 64 was just not one phase. We expect that the public sensitization with the first batch of 64 would have compelled the others to have taken steps to rectify their anomaly.”

    As such, the sector minister noted that “for all those who have failed to take any step, there will be no further public announcement on it. There will be simply enforcement in order to protect the public resource.”

    President John Dramani Mahama in June directed the Minister for Communications, Digital Technology and Innovation to liaise with the National Communications Authority (NCA) to immediately restore the broadcast of sixty-four (64) radio stations affected by the regulator’s action.

    The National Communications Authority (NCA) ordered a total of 62 FM broadcasting stations to immediately suspend operations on their respective frequencies due to persistent violations of regulatory requirements.

    The non-compliant stations violated Regulations 54 and 56 of the Electronic Communications Regulations, 2011 (L.I. 1991) and the Conditions of their FM Broadcasting Authorisations. In a statement by the Presidency on June 12, it was revealed that President Mahama is of the opinion that regulatory compliance must take into account the need to uphold and enhance media freedom.

    Per the statement, “requiring radio stations to shut down while awaiting the regularisation of their authorisation could limit the space for expressing such freedoms.”

    The President thus requested the sector minister to work with the NCA on a reasonable timeframe within which the affected stations should regularise their authorisation. The Ministry for Communications complied with the directive.

    Founder of Asaase Radio, Mr Gabby Asare Otchere-Darko confirmed the suspended operations of his radio station. In a post on X, Mr Otchere-Darko revealed that his uniform was supposed to renew its licence in October last year but only did so in December. Asaase Radio was set to commemorate its 5th anniversary on Saturday, June 14.

    “Yes, it’s true. Asaase Radio 99.5, which celebrates its 5th anniversary Saturday, has been shut down. The General Manager informs me it’s because the station delayed in renewing its licence last year. It was to be renewed by October but only done in December 2024,” Gabby Otchere-Darko wrote on X.

    In response, the Communications Minister Sam Nartey George entreated Mr Otchere-Darko to take advantage of the 30-days clemency the President has given and act according to what the law states. “The action by the NCA is in conformance with law. It is imperative we all respect the laws and act accordingly. Those affected are advised to take advantage of the 30-days clemency the President has given. For God and Country.”

    Per a statement issued by NCA, its action followed a directive issued by the Minister for Communication, Digital Technology, and Innovation, Sam Nartey George, mandating the authority to enforce applicable sanctions on stations found to be in violation of the regulations in the recent audit conducted to ensure full compliance with licensing and operational requirements in the broadcasting sector.

    The NCA thus commenced enforcement of regulatory sanctions against the defaulting entities identified in the Frequency Audit Report in phases. The categorisation of infractions under the first phase includes 28 stations operating with expired authorizations.

    Some of these stations were ordered by the NCA in 2024 to cease broadcasting but have persisted in the illegality. This represents a violation of Section 2 (4) of the Electronic Communications Act. 2008 (Act 775).

    Also, 14 FM stations that were issued Notices of Revocation for failure to set up within two (2) years from the date of their Authorizations subsequently requested inspection, but the process has not been completed due to various lapses they have to rectify but are still on air. These stations are in violation of Regulation 54 of the Electronic Communications Regulations, 2011. LI. 1991.

    Thirteen (13) FM stations that applied for authorization to continue operating and have been issued provisional authorization but have not settled the provisional authorization fees in full and hence do not have the valid authorization to continue operating.

    This represents a violation of Section 2(4) of the Electronic Communications Act, 2008 (Act 775). The NCA noted that it acknowledges the vital role radio stations play in national development; however, it is imperative that all authorization holders strictly adhere to the regulatory requirements and conditions of their authorizations.

    The Authority assured the general public that it remains dedicated to maintaining order in the broadcasting sector.

    In February this year, Minister for Communication, Digital Technology, and Innovation, Samuel Nartey George, ordered the closure of seven radio stations across the country for failing to comply with broadcasting regulations and national security requirements.

    Fire Group of Companies, I-Zar Consult Limited, Abochannel Media Group, Okyeame Radio Limited, Mumen Bono Foundation, and Osikani Community FM—were operating without valid frequency authorizations, while one, Gumah FM in Bawku, was closed on security grounds.

    Announcing the decision in a Facebook post on Tuesday, February 18, the minister emphasized the need for strict enforcement of media regulations to ensure responsible broadcasting.

    The move sparked discussions on media freedom and regulation, with some welcoming the enforcement of broadcasting standards, while others questioned the potential impact on press freedom.

    The Media Foundation for West Africa (MFWA) highlighted the unconstitutionality of shutting down the radio stations without consulting major stakeholders such as the independent National Media Commission (NMC). The Minority in Parliament then demanded that the Minister must appear before the House to provide clarity over the matter, but the Majority objected.

  • Abibata Shanni Mahama resigns as MASLOC CEO

    Abibata Shanni Mahama resigns as MASLOC CEO

    Hajia Abibata Shanni Mahama Zakariah has stepped down as Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC), bringing her tenure to an end with immediate effect.

    Her resignation letter, dated January 31, 2025, was formally submitted to the Chief of Staff at the Office of the President and copied to the Secretary to the President. The Chief of Staff officially acknowledged receipt of the letter on February 4, 2025.

    Having served as both Deputy CEO and substantive CEO for eight years under President Nana Addo Dankwa Akufo-Addo’s administration, Hajia Abibata described her time at MASLOC as a valuable opportunity to contribute to its growth. However, she believes the time has come for new leadership to take over.

    “I am writing to formally resign from my position as Chief Executive Officer of the Microfinance and Small Loans Centre with immediate effect. Over the years, it has been a privilege to serve and contribute to the growth and success of MASLOC. However, I believe this is the right moment for me to step down and allow new leadership to guide the organisation,” she stated in her resignation letter.

    Expressing appreciation for the support she received from the MASLOC Board, management, and staff, she added, “I am deeply grateful for the support and collaboration I have received from the Board, Management, and our talented Staff. I remain confident in the continued success of MASLOC and will do everything possible during this transition period to ensure a smooth handover of responsibilities.”

    Hajia Abibata, who previously contested for the New Patriotic Party (NPP) parliamentary candidacy in Yendi, wished the organization and its employees well, expressing confidence that they would continue to build on their shared accomplishments.

    In an interview confirming her resignation, she extended gratitude to former President Nana Akufo-Addo for entrusting her with leadership roles at MASLOC, first as Deputy CEO from 2017 to 2021 and later as CEO from 2021 to 2025.

    She described her two appointments as a reflection of Nana Akufo-Addo’s commitment to empowering women and amplifying their voices in governance.

  • Convicted ex-MASLOC CEO found in US; being monitored by govt – Reports

    Convicted ex-MASLOC CEO found in US; being monitored by govt – Reports

    Deputy Attorney General Alfred Tuah-Yeboah is reported to have announced that the government has successfully located Sedinam Attionu Tamaklo, the former Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC).

    Despite being sentenced to 10 years in prison with hard labor, Tamaklo fled the country and is currently residing abroad.

    Mr. Tuah-Yeboah is said to have revealed that the government is collaborating with partners in the United States to facilitate Tamaklo’s return to Ghana in an interview with Kumasi-based Sompa FM.

    “Sedinam Attionu Tamaklo, who served as the MASLOC boss under the NDC administration, was involved in theft. It is shocking that she engaged in such activities. The judge sentenced her accountant to five years in prison for assisting her,” Mr. Tuah-Yeboah is quoted to have stated.

    “Before the case concluded, she moved from the US to London and then back to the US. She is currently unable to leave the US. We have filed all necessary documents and she will be extradited soon. We monitor her movements daily and once she is back in Ghana, her jail term will commence from that day. Her sentence serves as a lesson for public officials to work diligently,” he reportedly added.

    An Accra High Court has issued an arrest warrant for Sedina Christine Attionu Tamakloe. This action followed an ex-parte motion filed by State Prosecutors. Assistant State Attorney Yvonne Yaache-Adomako, who addressed the court on April 22, 2024, stated that Tamakloe was convicted on all 78 counts against her.

    “I have before you a motion ex-parte for an arrest warrant to be issued for the arrest of the 2nd respondent convict (Sedina Tamakloe),” Ms. Yaache-Adomako said. She emphasized that sufficient grounds for the warrant had been demonstrated through facts and attached exhibits. The court, presided over by Justice Lydia Osei Marfo, granted the motion as requested.

    Madam Tamakloe has been sentenced to 10 years in prison, while Daniel Axim, the former Chief Operating Officer of MASLOC, received a 5-year sentence. Both were found guilty on charges including causing financial loss to the state, theft, conspiracy to steal, money laundering, and contravening public procurement laws.

    The convictions are linked to the misappropriation of funds allocated for MASLOC activities between 2013 and 2016. Notably, the accused withdrew GH₵500,000 as a loan from Obaatampa Savings and Loans company and demanded a refund when the company refused to offer a 24% interest rate. Despite evidence of the refund, it was not reflected in MASLOC’s accounts.

    Additionally, the pair misappropriated over GH¢1.7 million intended for a sensitization exercise, with only a small portion used as planned. Funds designated for victims of a fire incident at Kantamanso were also misappropriated, and there were discrepancies in the purchase of vehicles and Samsung phones for MASLOC.

    Madam Sedina Tamakloe-Attionu was tried in absentia after absconding abroad under the pretext of a medical check-up. Daniel Axim testified in person but did not present any witnesses.

    Deputy Attorney General Alfred Tuah-Yeboah reaffirmed the government’s commitment to ensuring Tamaklo’s return to Ghana to serve her sentence, highlighting the ongoing efforts to extradite her.

  • Arrest warrant issued for ‘missing’ former MASLOC boss found guilty of money laundering, others

    Arrest warrant issued for ‘missing’ former MASLOC boss found guilty of money laundering, others

    An Accra High Court has issued an arrest warrant for Sedina Christine Attionu Tamakloe, the convicted former Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC).

    This decision follows an ex-parte motion filed by State Prosecutors. Assistant State Attorney Yvonne Yaache-Adomako, addressing the court on Monday, April 22, moved the motion (ex-parte) for an arrest warrant, stating that the fugitive was convicted on all 78 counts.

    “I have before you a motion ex-parte for an arrest warrant to be issued for the arrest of the 2nd respondent convict (Sedina Tamakloe),” Ms.Yaache-Adomako prayed.

    She further stressed that, “based on the facts and the attached exhibits we have demonstrated sufficient grounds for the issuance for the said warrant to arrest the convict.”

    “We humbly pray that this court grants our application,” she added.

    Subsequently, the sitting judge, Justice Lydia Osei Marfo granted the motion as prayed.

    Madam Tamakloe is to serve a 10-year jail term sentence and Daniel Axim, the former Chief Operating Officer of MASLOC, a 5-year jail term.

    Both individuals were found guilty on 78 counts related to causing financial loss to the state, theft, conspiracy to steal, money laundering, and contravening public procurement laws.

    The convictions stem from misappropriation of funds allocated for MASLOC activities between 2013 and 2016. In one instance, the convicts withdrew GH₵500,000 as a loan from Obaatampa Savings and Loans company, demanding a refund when the institution refused to provide a 24% interest rate. Although evidence of the refund was presented, it was not reflected in MASLOC’s accounts.

    The duo was also found guilty of misappropriating over GH¢1.7 million allocated for a sensitisation exercise, with only a fraction of the funds used for the intended purpose. Similarly, funds disbursed for victims of a fire incident at Kantamanso were not fully distributed, with a significant portion misappropriated by the accused.

    The case also involved the purchase of vehicles and Samsung phones for MASLOC, with funds exceeding market prices at the time.

    Madam Sedina Tamakloe-Attionu was tried in absentia as she absconded after obtaining court permission for a medical check-up abroad. Daniel Axim testified in person but did not present any witnesses.

    Deputy Attorney General Alfred Tuah-Yeboah has emphasized the government’s commitment to extraditing Sedina Tamakloe Attionu to Ghana to serve her 10-year prison sentence.

  • ‘Rot’ uncovered at MASLOC naked thievery – Kpemka

    ‘Rot’ uncovered at MASLOC naked thievery – Kpemka

    A former Deputy Attorney-General and Minister for Justice, Joseph Dindiok Kpemka, has expressed outrage over the malpractice uncovered at the Microfinance and Small Loans Centre (MASLOC), leading to the imprisonment of its former Chief Executive Officer, Sedina Tamakloe-Attionu.

    She was convicted on charges including causing financial loss to the state and conspiring to steal. An Accra High Court sentenced Tamakloe-Attionu to 10 years in jail, while MASLOC’s former Chief Operating Officer, Daniel Axim, received a five-year prison term with hard labour.

    Joseph Dindiok Kpemka, Esq., who reviewed the case documents, expressed shock at the extent of wrongdoing revealed.

    Speaking on JoyNews’ Newsfile on Saturday, Mr Kpemka said that he could not believe it because the facts were concocted, stressing, “Because this was just not stealing, but naked thievery.”

    “In one of the charges, the boss of MASLOC decided to give a loan to a rural bank and they did not even reach any agreement, yet the money was transferred to the rural bank. When the money got to the account of the rural bank, the people then asked what the interest rate was on the money you had sent to us.

    “Imagine, something you should have done earlier was not done, then the interest rate was quoted by Sedina. When the interest rate was quoted, the rural bank management said, At the interest rate you’ve quoted, if we take this money, we cannot make any money out of it so we want to return it to you.”

    Mr Kpemka emphasised that, as a matter of good corporate practice, the former CEO of MASLOC should have corresponded with the bank, providing her organisation’s account details for the rural bank to directly deposit the money into, thereby ensuring transparency and accountability through the production of receipts.

    “You know what she said, she directed them to cash the money and bring it to Accra and then they cashed the money in a GhanaMustGo, carried it to Accra. They met at Baatsona Total filling station and the money was packed into her boot and she drove away,” he said.

    The former deputy AG provided additional clarification regarding MASLOC’s intended nationwide sensitization workshops for specific groups, which were allocated approximately GH₵2 million. He revealed that less than five percent of this amount was actually used for its designated purpose, with the majority of the funds being distributed among other parties instead.

    He also cited some instances where MASLOC misused some money, stating, “There was a fire disaster and some money was allocated to help the victims; just a small percentage of it was used; the rest was shared.

    “There were some phones they had to buy; one on the market was GH₵100, and the price they quoted was GH₵400 each. Clearly, some vehicles were procured, in fact, those vehicles even delayed the trials because we had finished all the charges and then we bumped into a report that indicated that vehicles had been bought, some of them were thrice the market price, some were twice the market price, so we had to amend our charges and include all these.”

    He maintained that the former MASLOC CEO was found guilty of all 78 charges, stating that it is one of the most “nauseating cases I have come across in legal prosecution.”

    Mr. Kpemka emphasised that the brazen acts of “impunity, blatant theft, and corruption” committed by them were alarming.

    During the court proceedings on April 16, 2024, both Sedina Attionu and Daniel Axim were convicted on 78 counts, including causing financial loss to the state, theft, conspiracy to steal, money laundering, and violating public procurement laws.

    The trial of the two individuals has been ongoing since 2019. The prosecution presented six witnesses, while the primary accused, Sedina Tamakloe, was tried in absentia after fleeing to seek medical treatment abroad.

    The second accused, who appeared in court, chose not to call any witnesses in their defence.

  • Jailed MASLOC boss collected GH¢500K loan refund in cash at filling station – Reports

    Jailed MASLOC boss collected GH¢500K loan refund in cash at filling station – Reports

    New details have surfaced regarding the infractions that led to the imprisonment of Sedina Tamakloe Attionu, the former head of the Microfinance and Loans Centre (MASLOC).

    Among these infractions was her decision to demand repayment of a loan issued to a company in cash rather than through a bank transfer to MASLOC’s account.

    Former Deputy Attorney General Joseph Kpemka highlighted this particular violation while speaking on Citi FM’s The Big Issue programme, emphasising the challenges faced by defence lawyers from the outset.

    He said: “If I were to be their lawyer at the beginning, I would have asked for us to do a plea bargain. Because it was very clear that they could not have escaped.

    “If you look at some of the things, one of the charges is that you gave out a loan to someone even without discussing interest and when the money got to the person’s account, you mentioned interest.

    “The person said I am no longer interested in the deal; therefore, I am sending it back to you. The best way is to send it back to an account, but in that particular case, you instructed them to bring the money back to Accra and they brought it in a sack.

    At Baatsona Filling Station, the money was loaded into a car and driven away; I mean, how are you going to defend that?” he quizzed.

    A review of the final ruling on the matter confirmed the breach, which was captured on pages 31 and 32.

  • Miscarriage of justice,dent in our justice delivery system! – Edem Agbana on MASLOC boss sentence

    Miscarriage of justice,dent in our justice delivery system! – Edem Agbana on MASLOC boss sentence

    National Democratic Congress (NDC) parliamentary candidate for the Ketu North constituency, Edem Agbana,has strongly criticised the conviction and sentencing of former MASLOC CEO Sedina Christine Tamakloe Attionu, to 10 years imprisonment in absentia for causing financial loss to the state.

    He described the sentence as a miscarriage of justice and a blow to the justice system during a panel discussion on TV3 on April 17, 2024.

    Agbana emphasised the NDC’s stance on fair and lawful proceedings, stating that while the party does not condone misconduct by public officials, it believes in ensuring that criminal proceedings adhere to Article 19(3) of the 1992 Constitution, which requires the presence of the accused.

    “The NDC, as a party, believes in the principles of probity. We also believe in the principle of accountability and we believe as a party that public officials must account for their stewardship, whether past or present.

    “We have nothing against the prosecution of public officials because we believe that when you are given the opportunity to serve this country, you must do that in accordance with the law,” he said.

    https://www.youtube.com/watch?v=de-gUL8zL4E

    He argued that the absence of Sedina Tamakloe during the trial constituted a violation of her constitutional rights, despite having expressly asked for the court’s permission to seek medical treatment abroad.

    “However, criminal trials and criminal proceedings are supposed to be done in accordance with the law. Our position is that where we are today, with the facts available to us, what happened in court yesterday was a glaring miscarriage of justice and a dent in our justice delivery system.

    “Article 19(3) of our 1992 constitution provides that during criminal proceedings or trials, it must be done in the presence of the accused, and in the present case, the basic understanding of law means either physically and also must be present or mentally. It means the person must be able to follow the proceedings fully.

    “But in this case, Madam Sedina Christine Tamakloe Attionu followed or was going to court religiously until she felt sick and her lawyers sought permission from the court for her to travel abroad for medical attention,” he added.

    Sedina Christine Tamakloe Attionu has been sentenced together with the former Chief Operating Officer of MASLOC, Daniel Axim, who is to spend five years behind bars with hard labour.

    They were both found guilty on 78 counts of causing financial loss to the state, stealing, conspiracy to steal, money laundering, and causing loss to public property in contravention of the public procurement law.

    The two have been on trial since 2019.

    According to a report by citinewsroom.com, the state called six witnesses in all, with Sedina Tamakloe tried in absentia since she absconded after obtaining the permission of the Accra High Court to seek a medical checkup outside the country.

  • MASLOC a setup by politicians for fraud – Security consultant

    MASLOC a setup by politicians for fraud – Security consultant

    Renowned security consultant, Richard Kumadoe has labeled the Microfinance and Small Loans Centre (MASLOC) as a fraudulent scheme orchestrated by politicians.

    This assertion comes in the wake of the sentencing of former Chief Executive Officer (CEO) Sedina Christine Tamakloe Attionu and interdicted Head of Operations Daniel Axim to a combined 15 years in prison.

    Justice Afia Serwah Asare-Botwe handed down a 10-year jail term to Mrs. Sedina Tamakloe Attionu and a 5-year term to Daniel Axim, along with fines for each convict.

    Speaking on Morning Starr with Francis Abban, the security consultant expressed concerns over the structure and operations of MASLOC.

    He emphasized the lack of accountability, recovery plans, and regulatory oversight, branding the entire setup as fraudulent.

    Kumadoe suggested that the current MASLOC boss would likely be apprehensive following the sentencing of her predecessors.

    He pointed out numerous loopholes in the system, indicating a systemic issue that politicians have ensnared themselves in.

    He concluded by highlighting the pervasive fraudulent nature of MASLOC, which he believes poses significant concerns for its current leadership.

    “The structure itself is fraudulent, the disbursement procedure is fraudulent, there is no recovery plan, there is no accountability and there is no regulation around it. So what politicians have virtually done is to set up a political fraud entrapment for themselves.

    “Today if you consider the current MASLOC boss, she should be worried and I seriously believe she will be worried. Because the whole structure and setup have so many loopholes, it’s total fraud politicians set for themselves,” he added.

  • An armed robber steals what’s available, but an educated thief causes more havoc – Judge over MASLOC case

    An armed robber steals what’s available, but an educated thief causes more havoc – Judge over MASLOC case

    Justice Afia Serwah Asare-Botwe of the Court of Appeal has raised concerns about the behavior of educated elites, suggesting they can be more harmful than armed robbers.

    She noted that in her years of practice, she had not heard of an armed robber stealing a million Cedis.

    Her comments came before she handed down custodial sentences to Sedina Christine Tamakloe Attionu, former Chief Executive Officer of Microfinance and Small Loans Centre (MASLOC), and Daniel Axim, an interdicted Head of Operations.

    “People talk about violent crime and how wicked it is. But if an armed robber comes to your room, he will only take what is available,” Justice Asare-Botwe said.

    She added, “In all my years, I’ve never heard about an armed robber who entered someone’s premises and took one million or even GHc500,00.”

    “But, when you have an educated thief that thief is capable of causing far more havoc than someone with AK47 is capable of doing,” the Court of Appeal judge posited.

    The judge also expressed concerns about how public officers inflate prices when procuring items for the state, thereby shortchanging the public purse.

    “When you have to buy something and you overprice it to the extent of doubling or tripling the price. Those of you in power please have mercy on us,” she stated.

    Former CEO of MASLOC, Sedina Christine Tamakloe Attionu, who absconded, and interdicted Head of Operations, Daniel Axim, were convicted and sentenced to 10 and five years respectively.

    The court found them guilty of, among other charges, willfully causing financial loss to the Republic through their actions.

    They were convicted on all 78 counts, including conspiracy to steal, stealing, causing financial loss to the state, causing loss to public property, improper payment of public funds, unauthorized commitment resulting in financial obligation for the government, money laundering, and contravention of the Public Procurement Act.

  • 50 to 100 corrupt officials must fall like former MASLOC CEO – Bridget Otoo tells next gov’t

    50 to 100 corrupt officials must fall like former MASLOC CEO – Bridget Otoo tells next gov’t

    Renowned media personality Bridget Otoo has voiced her approval of the recent sentencing of former MASLOC CEO Sedina Attionu to 10 years in prison for causing substantial financial loss to the state.

    Otoo believes this stern punishment sets a crucial precedent in the fight against corruption in Ghana.

    In her statement, Otoo expressed her expectations for the upcoming government, urging them to emulate this decisive action by incarcerating 50 to 100 government officials involved in financial malpractice.

    “Dear next gov’t, I hope you learn from this example and Jail 50 to 100 government officials. Let Ghanaians know just how much this gov’t has stolen!..,” she wrote on X

    She emphasized the importance of holding accountable those who misuse public funds, highlighting the impact of such actions on the citizens who entrusted them with power.

    The sentencing of Sedina Attionu, along with former COO Daniel Axim, stems from a case initiated in 2019.

    The charges against them include embezzlement amounting to GH¢3.19 million, deliberate financial loss to the state of GH¢1.97 million, unauthorised commitments leading to GH¢61.74 million in government obligations, and other financial misconduct totaling GH¢22.15 million.

    The court’s decision to proceed with Attionu’s trial in absentia underscores the seriousness of the charges.

    This move followed her failure to return from a permitted trip to the United States for medical treatment, prompting legal actions against her sureties, including former GNPC CEO Alex Mould and actor Gavivina Tamakloe.

    The case revealed a series of alleged fraudulent transactions involving MASLOC funds, including investments in a microfinance company and subsequent demands for interest payments despite earlier refunds.

    Investigations exposed discrepancies and potential misappropriation of funds by Attionu, leading to the legal proceedings resulting in her conviction and sentencing.

    Otoo’s endorsement of the judicial outcome reflects a growing public sentiment for stringent measures against corruption in Ghana, urging continuous efforts to uphold transparency and accountability in governance.

  • 10-year jail term for former MASLOC CEO satisfactory – Tuah-Yeboah

    10-year jail term for former MASLOC CEO satisfactory – Tuah-Yeboah

    Deputy Attorney General, Alfred Tuah-Yeboah has expressed contentment with the court’s decision to incarcerate former MASLOC CEO, Sedina Tamakloe.

    An Accra High Court delivered its verdict on Tuesday, April 16, sentencing Tamakloe to 10 years in prison with hard labor. Additionally, Daniel Axim, the former Chief Operating Officer of MASLOC, received a five-year jail term.

    In response to the verdict, Deputy Attorney General Tuah-Yeboah commended the decision, particularly emphasizing the assurance that Tamakloe will be brought back to the country to serve her sentence.

    “Good news but what is refreshing is that she will be brought down to face the sentence, no problem at all,” he stated.

    Tuah-Yeboah further elaborated on the implications of the judgment, emphasizing its role in expediting justice.

    He reiterated Ghana’s legal framework for extraditing individuals from abroad to face legal consequences domestically.

    “We have started the process but with this judgment, it’s going to speed up the process. You know in Ghana we have various laws. You can choose to stay away but so far as we have laws for which you can extract from other countries to Ghana, in case there is a judgment against you like this one, be rest assured that she will be brought down to face judgment,” he stated.

    The court found both Tamakloe and Axim guilty on 78 counts, including causing financial loss to the state, theft, conspiracy to steal, money laundering, and violating public procurement laws, all resulting in the loss of public property.

  • MASLOC scandal: Second accused points fingers at Sedina Attionu for financial mismanagement

    MASLOC scandal: Second accused points fingers at Sedina Attionu for financial mismanagement

    During cross-examination by Principal State Attorney Winifred Sarpong in the ongoing trial of the boss of the Microfinance and Small Loans Centre (MASLOC), Christina Sedina Tamakloe Attionu, the second accused, Daniel Axim, pointed fingers at his former boss.

    Mr Axim claimed that the memos, leading to a purported financial loss of GH¢1,706,000, were prepared at the behest of Sedina Attionu, who is currently on bail.

    These memos were allegedly raised for financing nationwide sensitization projects, transportation (T&T), and refreshments for beneficiaries.

    Mr Axim denied personally benefiting from these funds, asserting that he would collect the money from the Account office and hand it over to Sedina for disbursement.

    He placed the blame squarely on Madam Attionu, recounting instances where she postponed payments for T&T and other expenses after sensitization programs, only to later promise to settle them.

    As the former Head of Operations at MASLOC under Sedina Attionu, Axim stated that all cash memos bearing his signatures were authorized by her.

    He explained that when he signed memos requesting funds, they were returned to Sedina Attionu, who would then approve them for Finance to release the funds, occasionally collecting the money himself to hand it over to her.

    “I remember vividly that her driver (A1), Neequeye, also collected some of the same sensitisation programme money that I generated a memos for. The same applies to Nana Serwah Tawiah and Anita Gaffer,” he said.

    He emphasized that the practice of collecting money from the Account and delivering it to the CEO or political heads was not uncommon at MASLOC. Axim highlighted instances where he and other officers collected funds without documentation for the CEO.

    His role, he claimed, was mainly to generate memos as per her instructions, which her office would submit to Finance for disbursement.

    Axim revealed that Sedina’s Secretariat withheld part of staff traveling allowances, alleging that she cheated staff, including himself, on international assignments by retaining their allowances, ranging from US$500 to US$1000. He cited instances where Sedina Attionu allegedly split the Head of Legal’s US$5,000 into two.

    Axim and Sedina are both accused of raising 23 memos, resulting in a financial loss of over GH¢1.5 million to the Republic of Ghana.

  • MASLOC’s COO, Daniel Axim, weeps after lawyer abandons defense

    MASLOC’s COO, Daniel Axim, weeps after lawyer abandons defense

    The courtroom witnessed a poignant moment as emotions overwhelmed the former Chief Operations Officer (COO) of Microfinance and Small Loans Centre (MASLOC), Daniel Axim.

    Mr Axim is currently on trial alongside the ‘absconded’ Christine Sedinam Tamakloe Ationu, facing charges of allegedly causing financial loss to the State.

    Despite having settled legal fees, Mr Axim, citing financial constraints, struggled to secure alternative representation, leading to a courtroom breakdown.

    “As has been my usual practice, a day before the case, I will call him,” he told the Court.

    “He told me that he is opting out of the case. I was very disturbed so I pleaded with him that with my current financial status, I cannot afford another lawyer,” emotionally stricken Daniel Axim said as he broke down in tears while searching for his handkerchief to wipe his tears.

    The presiding judge, Justice Afia Serwah Asare-Botwe, expressed outrage at the lawyer’s conduct, vowing to report him to the Disciplinary Committee of the General Legal Council.

    Expanded Version:
    In a courtroom drama that unfolded with intense emotions, the former Chief Operations Officer (COO) of the Microfinance and Small Loans Centre (MASLOC), Daniel Axim, faced a turbulent turn of events during his trial for alleged financial loss to the State.

    Standing trial alongside the ‘absconded’ Christine Sedinam Tamakloe Ationu, Axim’s mental fitness for trial had been affirmed after a psychiatric examination at the Accra Psychiatric Hospital. The legal proceedings took an unexpected twist when Axim’s defense attorney, Augustines Obour, surprisingly withdrew from the case, leaving Axim in a vulnerable position.

    As the case resumed in the courtroom on Thursday, December 14, 2023, the absence of Augustines Obour, the lawyer for the second accused (Daniel Axim), raised concerns. Responding to inquiries from the presiding judge, Justice Afia Serwah Asare-Botwe, Axim revealed that his lawyer had informed him of his decision to opt out of the case. Despite having settled his legal fees well in advance, Axim faced the distressing reality of navigating the legal proceedings without his chosen defense counsel.

    In a moment of intense emotion, Daniel Axim, visibly distraught, broke down in tears, struggling to contain his feelings. Describing the financial constraints that hindered him from securing another lawyer, Axim pleaded with his former attorney to reconsider. The unexpected withdrawal of legal representation added an extra layer of turmoil to an already complex courtroom situation.

    Justice Asare-Botwe, a Justice of the Court of Appeal presiding over the case as an additional High Court judge, expressed her displeasure at the ethical breach.

    According to the rules of the court, counsel for the accused is not permitted to opt out of a case without formal discharge by the court. The judge, visibly furious at the lawyer’s conduct, pledged to report the matter to the Disciplinary Committee of the General Legal Council for appropriate action.

    In the aftermath of this legal turmoil, Justice Asare-Botwe directed Daniel Axim, the second accused, to seek assistance from the Legal Aid Commission in securing legal representation if Augustines Obour persisted in not representing him.

    The case, involving Daniel Axim, the former Operations Manager of MASLOC, and ‘absconded’ Mrs. Attionu, entails eighty counts, including stealing, causing financial loss to the state, causing loss to public property, improper payment of public funds, unauthorized commitment resulting in financial obligation for the government, money laundering, and contravention of the Public Procurement Act. Both accused individuals have pleaded not guilty, admitting to bail, while the prosecution concluded its case after presenting four witnesses. With Mrs. Tamakloe Attionu declared absconded last year for failing to appear in court, the case has been adjourned to January 24, 2024.

  • Office of the Bawku MASLOC temporarily closed due to insecurity

    Office of the Bawku MASLOC temporarily closed due to insecurity

    The Microfinance and Small Loans Center (MASLOC) has stated that the district’s security condition is to blame for the closure of the MASLOC officer in Bawku.

    In a statement issued in response to what it calls false information spreading on various social media platforms and websites, MASLOC denied any attempt was being made to deprive the public of its services by temporarily closing the Bawku District office.

    The institution claims that the issues in circulation have certain errors and do not accurately reflect all the information.

    “The institution would like to inform the general public and its stakeholders that the primary reason for its decision to temporally close its zonal offices in Bawku was due to the insecurities at Bawku which made the office non-functional,” MASLOC explained.

  • MASLOC CEO urges staff to leverage on AfDB funding to secure future partners

    MASLOC CEO urges staff to leverage on AfDB funding to secure future partners

    Chief Executive Officer (CEO) of MASLOC, Hajia Abibata Shanni Mahama Zakariah, has urged staff members, stakeholders, and other affiliated entities to give it their all in order to capitalize on the success of the AfDB funding to the organization.

    At the joint $31.34 million Post COVID-19 award announcement by the African Development Bank and the Government of Ghana in Accra, Hajia Zakariah made this statement.

    She emphasized the importance of paying close attention to making sure that the project’s key performance metrics are properly followed in order to realize its maximum benefits.

    Additionally, she emphasized the significance of implementing the Livelihood Restoration Program with a strong focus on a comprehensive strategy for restoring livelihoods. This strategy aims to provide crucial support to youth and women, enabling them to swiftly reestablish sustainable income-generating activities and mitigate the vulnerabilities arising from the far-reaching effects of the COVID-19 pandemic.

    Hajia Zakariah further emphasized the importance of entrepreneurship and employment opportunities for youth and women, recognizing the intricate link between livelihoods, income sources, and vulnerability. In light of this, she recommended that the primary livelihood support program concentrate on skills training and address the specific needs of disadvantaged and vulnerable individuals and groups within the youth and women populations.

    She emphasized the significance of identifying marginalized or disadvantaged individuals and groups who are more likely to face severe repercussions from the impacts of COVID-19. By recognizing the heightened challenges they face, appropriate measures can be taken to alleviate their conditions and ensure equitable support is provided.

    Expressing her gratitude to both the Government of Ghana (GoG) and the African Development Bank (AfDB) for their support to the Microfinance and Small Loans Center (MASLOC), she acknowledged that this grant marks a significant milestone for MASLOC, opening doors to additional financing opportunities that can meet the growing demand beyond traditional institutional sources.

    She emphasized that she would continue to guarantee that the organization fulfills its responsibility in alleviating poverty by creating jobs and wealth for both women and youth.

    Hajia Mahama Zakariah emphasized the importance of MASLOC having a positive image to match its brand, which will assist position the institution to win future donations for the aim of aiding disadvantaged groups based on gender, economic status, and other factors.

    She was upbeat, considering that the implementation of new reforms has been swiftly developing and contributing to the establishment’s strong image since her appointment as CEO.

    Hajia Zakariah took the opportunity to thank the government and the AfDB for the funding noting that it is very important and strategic to complementing this unique initiative to reach out to more Developmental Finance Institutions to supplement their efforts in providing access to financing for all customer segments across sectors, particularly those in agriculture value chains, MSMEs, Youth and Women businesses.

  • Finance Ministry, AfDB support MASLOC with over $31m grant

    Finance Ministry, AfDB support MASLOC with over $31m grant

    Ministry of Finance and the African Development Bank (AfDB) are set to provide Microfinance and Small Loans Centre (MASLOC) with a grant worth $31.34 million to cater for its operations across the country.

    The ADB is donating a $28.5 million grant with the government coming in with $2.84 million. The funding aims to enhance women’s access to credit, financial literacy, and information sharing, particularly focusing on women-led Micro, Small, and Medium-Scale Enterprises (MSMEs) which will also strengthen MASLOC’s activities and help fulfill its mandate of providing micro loans to SMEs in the country.

    The facility will provide affordable interest rates of 12% per annum under its project dubbed ‘post-Covid-19 Skills Development and Productivity Enhancement Project’ (PSDPEP). It will be implemented in seven regions of the country namely Greater Accra, Ashanti, Eastern, Bono, Northern, Central and Upper West.

    With this funding, MASLOC is set to complete its loan management software (LMS), training and capacity building of over 550 staff members, and networking of all regional and district offices with the Head Office.

    As part of government’s digitalization drive, a robust digital infrastructure that streamlines loan applications, processing, disbursements, and recoveries will be set up by MASLOC to create around 20,000 indirect jobs through skills training, self-employment opportunities, and improved access to credit facilities.

    The project comprises three components: skills development in higher education for strengthening the health sector, rebuilding youth and women’s livelihoods through entrepreneurship and job creation, and project management.

    The implementation of the project involves institutions such as the Social Investment Fund (SIF), Ghana News Agency (GNA), University of Ghana (UoG), and the Microfinance and Small Loans Centre.

    Source: The Independent Ghana | Andy Ogbarmey-Tettey

  • FLASHBACK: We recovered 80% of loans after seizing properties of defaulters – MASLOC CEO

    About 80% of loans were recovered after the properties of loan defaulters were seized, according to Mr. Stephen Amoah, the former Chief Executive of Microfinance and Small Loans Centre (MASLOC).

    He claimed that the worth of the things recovered from defaulters, including vehicles, tricycles, and outboard motors, was around GH$60 million.

    The Chief Executive Officer of Microfinance and Small Loans Centre (MASLOC), Mr. Stephen Amoah says his outfit has been able to recover about 80 percent of loans from defaulters.

    He said they were able to chalk that feat after moving in to seize properties of defaulters.

    Speaking to Winston Amoah on 3FM’s Sunrise, Mr. Amoah noted that core parameters to appraise MASLOC “include recoveries in terms of percentage, management of excess liquidity and executing all these on a well-established ICT system”.

    He said under his administration, items like cars, tricycles, and outboard motors amongst others retrieved from defaulters amounted to about 60 million cedis in terms of value.

    According to the CEO, MASLOC is a strategic programme to bridge the equity gap between small and medium-scale enterprises and large companies accessing funds from traditional banks.

    Mr. Amoah admitted that the social intervention programme “was set up hurriedly and was under-performing for about 8 years”. He said although the concept was the best to help local entrepreneurs properly define their value chain, “the NPP rushed in putting up the policy”.

    He said MASLOC would be restructured, noting that a well-structured programme “would do a great deal of good to the society and improve the standard of living”.

    Meanwhile, Mr. Amoah stated that the perception that MASLOC is a political tool has been minimized in terms of its approach and operation as it is now being run as a professional financial institution.

  • MASLOC disburses micro credit loans to market women in Western Region

    About seventeen organizations in the Western Region have received group loans from the Micro Finance and Small Loans Centre (MASLOC).

    In Takoradi, 100 beneficiaries received support for their enterprises during the payout procedure, which took place on Wednesday, October 25th, while in Tarkwa, 227 beneficiaries received support on Thursday, October 26th, 2022.

    Speaking at the event, Hajia Abibata Shanni Mahama Zakariah, CEO of MASLOC, expressed sorrow with the recipients, many of whom had lost their stores in the Takoradi temporary market fire catastrophe that occurred six months before.

    She noted that the incident has had a significant impact on the businesses and livelihoods of these market women thus necessitating the need for the disbursement of these Group loans.

    Madam Abibata Zakariah went on to say that due to the situation described above, she had to increase the number of beneficiaries from an initial 50 individuals to 100 in order to assist them to revamp their businesses.

    Beneficiaries who received amounts ranging from 1,000 Ghana cedis to 2,000 Ghana cedis expressed their willingness to repay these loans in order to access an increased amount in future disbursements.

    Engaging beneficiaries in Tarkwa, the CEO of MASLOC stated that the market women are a very strategic component in driving the economy and there is always a need to support them with these loans to help boost their business’.

    Madam Zakariah, on the other hand, used the occasion to urge all beneficiaries to make a concerted effort to repay these loans which will contribute to the overall goal of sustaining MASLOC’s revolving funds.

    In response to press inquiries, she emphasized that the institution’s loans are distributed to Ghanaians between the ages of 18 and 65 who qualify for micro loans to support their businesses.

    MASLOC’s Regional Manager Mr. Malik Botwey, went on to say that they had taken steps to fully orient the market women on the terms of the loan and added his voice to the call for these beneficiaries to repay their loans in order to help them access higher amounts in the future.

    Speaking to the beneficiaries in Tarkwa, Member of Parliament for Tarkwa Nsuaem Constituency and Deputy Minister of Lands and Natural Resources Hon. George Mireku Duker expressed gratitude to MASLOC for disbursing these loans to beneficiaries in his constituency. He also asserted that he would assist in sensitizing beneficiaries to repay these loans on time so that these disbursements could be extended to many more people in the future.

    In addition, Hon. Duker informed the CEO of MASLOC that he has submitted an application for support through the institution’s hire purchase scheme items such as sewing machines, hair dryers, and saloon cars for the youth in his constituency who meet the eligibility requirements.

    The disbursements in Takoradi and Tarkwa which forms part of a series of upcoming disbursements was attended by Mr. Paul Sarbeng Deputy CEO for Operations and Mr. Kwabena Asamoah Deputy CEO for Finance and Administration and Mr. Issah Iddrisu Amadu, Head of credit at MASLOC.

  • Alex Mould, another ordered to ‘produce’ former MASLOC CEO in court 

    Two persons who stood as sureties for Sedinam Tamakloe Attionu, a former Chief Executive Officer of Microfinance and Small Loans (MASLOC), have been given December 22, this year, to ‘produce’ her in court.

    Alex Mould, a former GNPC CEO and Gavivina Tamakloe, both sureties, risk paying ¢5 million bail sum.

    Attionu had sought permission from the court to seek treatment outside the country and failed to return to stand trial.

    The High Court said the sureties’ failure to produce Madam Attionu would result in the forfeiture of the bond they had signed.

    The Court in its ruling on an application for forfeiture of recognisance of sureties filed by the State said it was clear that the accused person had absconded.

    According to the Court, the sureties had also stopped producing letters to it (court) on the accused’s medical conditions.

    It said the accused person had breached her bail bond terms and that the sureties should be held liable.

    The State, led by Stella Ohene Appiah, a Principal State Attorney, argued that the accused person had abandoned trial because she had not returned to stand trial.

    Counsel for Tamakloe said he was unaware of the release of the accused person’s passport to her.

    He said since the State had opposed the release of the accused person’s passport, he could not be held liable.

    Mr Alex Mould prayed the court take steps to fast-track the processes for the accused person to come back to Ghana to stand trial.

    He said he had information that the accused person was still unwell and receiving medical assistance in the United States.

    Attionu has been charged together with Daniel Axim, a former Operations Manager of MASLOC, for willfully causing financial loss to the State, stealing, and contravention of the Public Procurement Act.

    She pleaded not guilty to the charges when she appeared in court in 2019.

    The State said MASLOC under the accused’s leadership, gave a loan of ¢500,000 to Obaatanpa Micro-Finance Limited, but the Company had allegedly returned the money because of the high interest that the loan attracted.

    According to the State, Obaatanpa Limited presented a cheque for ¢500,000 to Mrs Attionu, but she allegedly refused and demanded cash payment.

    The State said the accused also allegedly inflated the price of certain items that MASLOC had purchased during her tenure, and in some instances signed procurement contracts without approval by the Public Procurement Authority.

    It said on December 6, 2016, the accused person signed a contract with Mac Autos to supply MASLOC with 350 vehicles without any approval from the Public Procurement Authority.


    The vehicles, the State said, included Chevy Sparklite, Isuzu buses and Chevy Aveo with the unit price offered by Mac Autos to MASLOC for the Chevy Aveo being ¢74,495 ($18,883.39.)

    However, investigations revealed that the actual retail price Mac Autos offered for the same model within the same year without duty was ¢47,346.93 ($12,009.91).

    Source: GNA

  • MASLOC assures youth of financial support for start-ups

    Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Hajia Abibata Shanni Mahama Zakariah, has reassured young entrepreneurs that her organization is committed to offering micro-credit and small loans to start-ups and small enterprises in the country.

    Madam Mahama Zakariah said this during an interaction with young entrepreneurs at this year’s edition of the Ekosiisen National dialogue series, held at the Accra Digital Centre on Friday.

    In her introductory remarks, Hajia Abibata Shanni Mahama stated that despite limited funding due to the strong demand for financial aid, MASLOC was committed to helping start-ups and Small and Medium Enterprises (SMEs) in the nation expand their enterprises.

    She pointed out key areas of focus for MASLOC, including support for the youth in entrepreneurship, women empowerment, Agro-based industry assistance, and support for the physically challenged.

    “Many young entrepreneurs still find it difficult to get quick, simple and flexible financing to start or expand their businesses, however, with good business practices and viable business plans, the marginalized who cannot seek financial assistance from the mainstream financial institutions due to high commercial rates and more complex documentation, should reach out to the institution as it has been resourced to specifically assist the productive poor,” the CEO of MASLOC said.

    She added that “small enterprises and startups can also benefit immensely from the capacity building and skill development packages which are conducted before loan disbursal by the institution. This will help provide them with the competencies to be properly positioned to use the funds advanced to them profitably.”

    Madam Mahama Zakariah informed the young business

    owners of MASLOC’s availability of financial loans for them to expand their enterprises, ranging from GH5,000 to GH200,000 per her approval limit and even GH200,000 to GH500,000 at the board level.

    She disclosed that some of the various loans had a maximum tenure of 18 months, with a one-month moratorium and an annual interest rate of 12%.

    According to Madam Mahama Zakariah, MASLOC was established to empower Ghanaians between the ages of 18 and 65 by supporting their start-ups and ongoing businesses without prejudice or discrimination. She emphasized her commitment to dispelling the myth that the organization only favours those who are politically exposed.

    She urged young business owners, particularly those in the agribusiness industry working on animal house boundary, poultry, fish, and crop farming projects with gestation periods of up to 18 months, to reach out to the company and solicit support for their initiatives through its cash loans, capacity building and training programs as well as the hire-purchase scheme which enables the provision of items such as tricycles to enable them to transport their produce at fairly cheaper rates.

    She also mentioned that the interest rate of six per cent per annum for agro-based loans was unbeatable, urging the youth to take advantage of the offer.

    She cited the Hire PurchaseScheme offered by MASLOC, which offers business owners very affordable prices and payment plans for equipment like saloon cars, minibuses, tricycles, sewing machines, and hair dryers.

    Dignitaries present at the event included the Deputy Finance Minister, Dr. John Kumah; the CEO of the National Youth Authority, Pius Enam Hadzide; the CEO of the NEIP, Mr. Kofi Ofosu Nkansah; the Deputy Minister of Trade and Industry, Michael Okyere Baafi; the CEO of the Accra Digital Centers Limited, Kwadwo Baah Agyemang; and the chairman for the occasion Mr. Daniel Mckorley, the Executive Chairman, McDan Group of Companies

    The Ekosiisen Dialogue series is an initiative aimed at creating awareness of important national issues. This year’s dialogue series focused on entrepreneurship and its strategic importance to Ghana’s industrialization agenda.

    Source: The Independent Ghana

  • MASLOC assures youth of financial support for start-ups

    The Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Hajia Abibata Shanni Mahama Zakariah has assured young entrepreneurs of her outfit’s commitment to providing micro-credit and small loans to start-ups and small businesses in the country.

    Madam Mahama Zakariah reiterated this commitment in her interactions with young entrepreneurs during this year’s edition of the Ekosiisen National dialogue series held at the Accra Digital Centre on Friday.

    Hajia Abibata Shanni Mahama in her opening remarks said MASLOC was committed to supporting Small and Medium Enterprises (SMEs) and start-ups to grow their businesses in the country despite limited resources due to the high demand for financial assistance.

    She pointed out key areas of focus for MASLOC including support for Youth in entrepreneurship, women empowerment, Agro-based industry assistance and support for the physically challenged.

    The CEO of MASLOC stated that “many young entrepreneurs still find it difficult to get quick, simple and flexible financing to start or expand their businesses, however, with good business practices and viable business plans, the marginalized who cannot seek financial assistance from the mainstream financial institutions due to high commercial rates and more complex documentation, should reach out to the institution as it has been resourced to specifically assist the productive poor”.

    She added that “small enterprises and startups can also benefit immensely from the capacity building and skill development packages which are conducted before loan disbursal by the institution, this will help provide them with the competencies to be properly positioned to use the funds advanced to them profitably”.

    Madam Mahama Zakariah told the young business owners that MASLOC offers cash loans from GH₵5,000 to GH₵200,000 per her approval limit and even GH₵200,000 to GH₵500,000 at the Board level to help them grow their companies.

    She disclosed that some of the various loans had a maximum tenure of 18 months with a one-month moratorium and an annual interest rate of 12%.

    Madam Mahama Zakariah added that MASLOC exists to empower Ghanaians between the ages of 18 and 65 by providing support for their existing enterprises and start-ups without discrimination or any biases, stressing that she was committed to erasing the misconceptions that the institution is only favourable to people who are politically exposed.

    She urged young business owners, particularly those in the agri-business industry working on animal house boundary, poultry, fish and crop farming projects with gestation periods of up to 18 months, to reach out to the company and solicit support for their initiatives through its cash loans, capacity building and training programs as well as the hire purchase scheme which enables the provision of items such as tricycles to enable them to transport their produce at fairly cheaper rates.

    She also mentioned that the interest rate of six per cent per annum for agro-based loans was unbeatable, urging the youth to take advantage of the offer.

    She mentioned that MASLOC had a Hire Purchase Scheme that provides items such as saloon cars, minibuses, tricycles, sewing machines and hair dryers at very affordable prices and payment schedules for entrepreneurs.

    Dignitaries present at the event included the Deputy Finance Minister, Dr. John Kumah; the CEO of the National Youth Authority, Pius Enam Hadzide; the CEO of the NEIP, Mr. Kofi Ofosu Nkansah; the Deputy Minister of Trade and Industry, Michael Okyere Baafi; the CEO of the Accra Digital Centers Limited, Kwadwo Baah Agyemang; and the chairman for the occasion Mr. Daniel Mckorley, the Executive Chairman, McDan Group of Companies.

    The Ekosiisen Dialogue series is an initiative aimed at creating awareness of important national issues. This year’s dialogue series focused on entrepreneurship and its strategic importance to Ghana’s industrialization agenda.

    Source: Graphiconline

     

  • Masloc begins training on nationwide digitalization roll out

    At the Accra digital center, the Micro Credit and Small Loans Center (MASLOC) has begun a two-day training session for its staff as part of the statewide digitization rollout.

    The two-day training course, scheduled for October 5 and 6, 2022, aims to acquaint staff with new software that will enable the institution’s credit department and other affiliated departments to process, disburse, and recover approved loans to our consumers quickly.
    The program will offer the best processing efficiency for loans because to its characteristics.

    The complete implementation of the different phases of the software will allow Masloc to eliminate its manual processes and align its system on an improved platform, compatible to new and complex modern banking systems used globally.

    In an age of technological advancement and with institutions migrating to advanced secure digital platforms, the new Loan Management Software (LMS) training will not only equip and improve service delivery to our clients through a secure database but will also complement our efforts to promote all categories of our customers to patronise our services through simple and personalized solutions such as mobile applications, USSD shortcodes, etc.

    Additionally, the goal is to equip our key users to use the software while we coordinate the full of implementation of the system to benefit our customers.

    The training is for participants from our credit, IT, finance and audit departments as well as sector managers, regional and district credit managers, credit officers and regional accountants.

    Masloc’s digital infrastructure would be leveraged by MSMEs, cooperatives, business associations and individuals to automate, innovate, build capacity and access credit at competitive interest rates.

    The training follows the announcement, of support from the African Development Bank (AfDB) through the Ministry of Finance to boost MASLOC’s determination to establish a strong digital infrastructure to support its operations.

    Participants are expected to leave the program with new knowledge and skills in line with Masloc CEO, Hajia Abibata Shanni Mahama Zackariah, strategic vision to automate all MASLOC operations to create a paperless loan application, loan repayment and efficient recovery system.

  • Masloc begins training for its staff as nationwide digitisation rollout

    As part of the nationwide digitalisation rollout at the Accra digital center, the Micro Credit and Small Loans Center (MASLOC) has started a two-day training exercise for its workforce.

    The two-day training session, which is planned for the 5th and 6th of October 2022, is intended to familiarize employees with a new software that will resource the institutions credit and other aligned departments to efficiently process, disburse and recover approved loans to our clients. With its features the software application will provide optimal efficiency for loan processing.

    The complete implementation of the different phases of the software will allow Masloc eliminate its manual processes and align its system on an improved platform, compatible to new and complex modern banking systems used globally.

    In an age of technological advancement and with institutions migrating to advanced secure digital platforms, the new Loan Management Software (LMS) training will not only equip and improve service delivery to our clients through a secure database, but will also complement our efforts to promote all categories of our customers to patronise our services through simple and personalized solutions such as mobile applications, USSD short codes, etc.

    Additionally, the goal is to equip our key users to use the software while we coordinate the full of implementation of the system to the benefit our customers.

    The training is for participants from our credit, IT, finance and audit departments as well as sector managers, regional and district credit managers, credit officers and regional accountants.

    Masloc’s digital infrastructure would be leveraged by MSMEs, cooperatives, business associations and individuals to automate, innovate, build capacity and access credit at competitive interest rates.

    The training follows the announcement, of support from the African Development Bank (AfDB) through the Ministry of Finance to boost MASLOC’s determination to establish a strong digital infrastructure to support its operations.

    Participants are expected to leave the program with new knowledge and skills in line with Masloc CEO, Abibata Zackariah, strategic vision to automate all MASLOC operations to create a paperless loan application, loan repayment and efficient recovery system.

    Source: Myjoyonline

  • Our MASLOC loans were diverted Kente Weavers Association

    The Association of Kente Weavers in the Volta Region has called on President Akufo-Addo to intervene and ensure the disbursement of MASLOC loans they have applied for since August 2019.

    According to the Kente weavers, loan applications for some 425 members which have been approved by Microfinance and Small Loans Center in December, 2019 were diverted by some individuals at the Volta regional office of MASLOC.

    At a press conference held in Ho on Wednesday 2nd November 2020, and addressed by the Vice President of the Association, Mr. Paul Franklin Gbortsyo the Kente weavers expressed resentment at how they were treated.

    He noted that in August 2019, 175 members of the association applied for the MASLOC loans, while the second batch of 250 members put in their applications in December 2019 but never received the monies though their checks revealed that the applications were approved.

    “… while expecting disbursement of the loans before our annual Congress on 13th December, 2019 we invited the CEO, Mr. Stephen Amoah, as one of the dignitaries to the Congress. Though he could not make it himself, he sent a delegation from the Accra head office and the Ho office led by Mr. George Osei-Waree to act on his behalf. In his address, the Volta regional director, Mr. Daniel Wudome confirmed that the loan application of the first 175 members of the association has been processed and awaiting disbursement. In January 2020 we met with the Regional Director at Ho where he mentioned that our loan application has been approved hence, they were only waiting for the cheques,” Mr. Gbortsyo revealed.

    He stated further that in June this year, they found out that their monies were paid but never got to the applicants.

    He said, “During one of the subsequent follow-ups to the MASLOC outfits, we were made to understand that part of our loan applications could not be found hence we should bring the list of all those who applied to enable them to solve the problem, which we complied.

    In June 2020, after another follow up, we learnt that the Volta regional director had been sacked for misappropriation of funds. Further investigation revealed that the director had connived with some staff members at the MASLOC head office and used our approved loan applications to collect checks as if they were collected by us leading to his dismissal,” he added.

    The association said, “We felt cheated when we heard of the negative development, more especially when we heard that some associations in the Ashanti region had the loan for three good times. We are therefore using this medium to appeal to the President, Nana Akufo-Addo for his intervention. It would be recalled that we wrote two letters; one in July and another in October, 2020 to the President without any response.”

    Source: Kasapa FM

  • Improve on loan recovery Finance Committee to MASLOC

    The Finance Committee of Parliament has tasked the management of the Micro Finance and Small Loans Centre (MASLOC) to improve on its loan recovery as the scheme recovered only 55% of loans disbursed in 2019.

    This follows a drop of the recovery rate from 64% in 2016 to 55% in 2019.

    Presenting a report of the Finance Committee on the budget performance of the office of government machinery for 2019 on the floor of the House, the Chair of the Committee, Dr Mark Assibey-Yeboah disclosed that many targets set by the management of MASLOC in the year under review were not met.

    He said: “The committee was informed that during the period under review, the office of the government machinery faced challenges, including inadequate budgetary allocation, arbitrary use of the budgetary allocation and inadequate capacity of key implementers”.

    “This has adversely impacted the ability of the office of the government machinery to effectively execute its programme of activities as approved by parliament”.

    “After carefully considering the budget performance report of the office of the government machinery, the committee makes the following recommendations: the committee noted that a number of budgets sent by the Microfinance and Small Loans Centre (MASLOC) were not met. Further, the rate of new recovery has declined from 64% in 2016 to 55% in 2019. In view of the important role of MASLOC, the committee recommends to the management to put in place the legal mechanisms to improve on this recovery rate.”

    Source: Class FM

  • MASLOCs loan recovery rate drops from 64% to 55% Finance Committee reveals

    The Finance Committee of Parliament has tasked the management of the Micro Finance and Small Loans Centre (MASLOC) to improve on its loan recovery as the scheme recovered only 55% of loans disbursed in 2019.

    This follows a drop in the recovery rate from 64% in 2016 to 55% in 2019.

    Presenting a report of the Finance Committee on the budget performance of the office of government machinery for 2019 on the floor of the House, Chair of the Committee Dr Mark Assibey-Yeboah disclosed many targets set by the management of MASLOC in the year under review were not met

    He said: “The committee was informed that during the period under review the office of the government machinery faced challenges including inadequate budgetary allocation, arbitrary use of the budgetary allocation and inadequate capacity of key implementers.

    “This has adversely impacted on the ability of the office of the government machinery to effectively execute its programme of activities as approved by parliament.

    “After carefully considering the budget performance report of the office of the government machinery the committee makes the following recommendations: the committee noted that a number of budgets sent by the Microfinance and small loans centre (MASLOC) were not met.

    “Further the rate of new recovery has declined from 64 per cent in 2016 to 55% in 2019.

    In view of the important role of MASLCO, the committee recommends to management to put in place the legal mechanisms to improve on this recovery rate.”

    Source: laudbusiness.com

  • MASLOC has been less partisan since NPP took over – Afia Akoto

    A Deputy Director for the Medium and Small Loans Center (MASLOC), Madam Afia Akoto has opined that the management and distribution of loans under the current administration has been less partisan.

    Speaking to Rainbow Radio 87.5Fm, she said unlike, the previous administration where MASLOC loans, was largely based on partisanship, the new administration has done better in managing the institution.

    Madam Afia Akoto in her submission stated that MASLOC is in a far better state than it was under the previous administration with beneficiaries reached.

    MASLOC she noted has been transformed top benefit Ghanaians who qualify and not just party associates.

    The current management has put in place the need structures to ensure the provision of micro and small loans for start-ups and small businesses with fast, easy and accessible microcredit and small loans to grow and expand their businesses as well as to enhance job and wealth creation in Ghana.

    She made particular mention of the digitisation drive embarked upon by MASLOC.

    What we have done since we took over is to ensure that the MASLOC worked for all Ghanaians and provided the needed support to interested beneficiaries.

    Source: rainbowradioonline.com

  • MASLOC gives financial aid to kente weavers in Volta

    The Volta Regional Director of Microfinance and Small Loans Centre (MASLOC), Dan Kafui Wudome says his outfit had processed about 175 members of the association to receive financial support.

    He also disclosed that MASLOC had supported more than 134 groups with a membership of 3,350 who were engaged in various economic activities across Volta and Oti regions.

    Read: ADB hesitates in giving us loans Peasant farmers

    Wudome says an amount of GH¢3,350,000 had been disbursed to the groups and about 60 per cent of the beneficiaries were women.

    He also assured other members of the association that they would also be supported in due course.

    A representative from Ghana Export Promotion Counsel, Doris Ama Bansah, announced that there would be training and capacity building programmes for the kente weavers in 2020.

    She said that the kente shade at Kpetoe would also be renovated to promote the kente business.

    Madam Bansah urged the kente weavers to work hard and also register their businesses.

    The Ho Municipal Chief Executive (MCE), Mr Proper Kofi Pi-Bansah, said that there was an ongoing construction of a centre for kente weaving at Sokode Ando to boost the industry.

    Read: BoG in talks with banks to explore minimum loan deposits ratio Governor

    He urged members of the association to stick to the aims and objectives of the association in order to create a vibrant association which would gain international recognition and win more laurels.

    Speaking at the 10th annual congress of Volta Regional Kente Weavers Association, stakeholders have called for the arrest of people who sell imitated kente products.

    The chairman of the Volta Regional Kente Weavers Association, Robert Jokoto suggested that the police be allowed to go to the market and arrest those selling imitated kente products after a three-month ultimatum had been given to the dealers.

    He said any seller caught with the imitated product after the deadline should be made to face the law.

    “This move will discourage the importers of the imitated products who bring them to the country,” he added.

     

    Source: Grace Senam Klay