The Citizens Movement against Corruption has proposed transforming the Microfinance and Small Loans Center (MASLOC) into a digital lending platform.
MASLOC, established to provide swift, accessible micro and small loans to startups and small enterprises to bolster business growth and promote job and wealth creation, is under scrutiny following the sentencing of former MASLOC CEO, Sedina Tamakloe to a 10-year prison term for causing financial loss to the state.
This incident has sparked questions about MASLOC’s integrity.
In light of these developments, the co-chair of the Citizens Movement against Corruption, Edem Senanu, said the pitfalls of allowing organizational direction to be swayed by any political or external group must be stopped.
Speaking to JoyNews, Mr Senanu advocated for a restructuring of the leadership selection process within MASLOC, suggesting that key positions should be filled through a rigorous, independent screening process rather than political appointments.
This, he argues, is essential for maintaining the organization’s integrity and ensuring its effectiveness in serving the needs of small businesses and startups.
“But ultimately, …