The newly constituted board, made up of seasoned professionals with diverse expertise in finance, governance, entrepreneurship, and development strategy is expected to work closely with MASLOC’s management team to deepen financial inclusion, improve loan recovery rates, and promote sustainable livelihoods, especially among women, youth, and expanding financial services to underserved communities.

In a brief remarks, the Chief of Staff , Hon. Julius Debrah commended MASLOC for its ongoing role in empowering micro and small enterprises emphasizing the pivotal role it plays as a strategic partner in addressing poverty through access to credit and business support.

He also praised MASLOC for being the government’s flagship microfinance institution established to assist and help the poor, especially women and youth, in urban as well as rural communities in Ghana and tasked the new Board of Directors to endorse and complement initiatives that would help reset and also expand the operational capacity of the centre to foster financial inclusion.

The Chief of Staff, Hon. Julius Debrah observed that the centre has had some successes in the assistance of small and micro businesses; however, he bemoaned that the weaknesses in loan recovery and some quarters that have hastened the Centre's inability to fulfil its full potential. He encouraged the Board to work very hard to help restore MASLOC’s public image into an institution that is more purposeful, credible, visible and controlled in all it does.

The newly sworn-in Board Chairperson, Mr. Jerry Nyamekye , in an acceptance speech on behalf of the board, expressed deep gratitude to the President, H.E. John Dramani Mahama, for the trust reposed in them. He noted that the Board is fully aware of the great responsibility that comes with this appointment and would work tirelessly to ensure the apex institution for microfinance and small loans, becomes a critical vehicle in advancing the government’s objectives particularly in promoting financial inclusion, job creation, and poverty alleviation, with a strong focus on resetting the economy of Ghana.

He further pledged the Board’s support to work with discipline, vision, and transparency to reposition the Centre to fully deliver on its mandate. Mr. Jerry Nyamekye took the opportunity to briefly outline some immediate term, measures and priorities that includes strengthening governance oversight and institutional discipline, particularly in loan recovery and disbursement processes, to safeguard public funds and ensure long-term sustainability and digitizing operations and loan management systems to enhance monitoring, reduce inefficiencies, and promote transparency and accountability.

These building blocks he stressed will form part of a broader and verifiable turnaround agenda that would be coupled with the collective support of the Office of Government Machinery, MASLOC’s management and staff, and our development partners.The other members of the newly constituted Board also expressed their support and readiness to deliver and ensure that resources are managed with integrity and foresight.

The newly constituted MASLOC Board is chaired by Mr. Jerry Nyamekye. Other members include the Chief Executive Officer of MASLOC, Madam Abigail Elorm Akwambea Mensah, Hajia Joyce Zaynab Mahama, Mr. Linus Azeriwie Agalisi, Nana Amponsah Dokua III, Madam Lily-Love Esetoobu Nunoo, Nana Akyaa Anti , Mr. Simon Viglo Amegashie, and Madam Beryl Appenteng.