Franklin Cudjoe
Franklin Cudjoe

The Executive Director of IMANI Center for Policy and Education, Franklin Cudjoe, is calling for the immediate arrest of all directors of the Microfinance and Small Loans Centre (MASLOC) over the GHc1 million fraud uncovered at the centre.

Franklin Cudjoe
Franklin Cudjoe

On Tuesday, February 17 edition of the Daily Graphic there is a story indicating that an acting Director of Operations of the scheme, Ken Kwaku Boadi Asare, allegedly forged 102 non-existing business associations to advance GH?1,055,582 to two financial institutions ? Rhokida Micro-Finance Limited and Unicorn Happy Investments Limited.


However, the suspect, who is currently on interdiction, is alleged to have acted in connivance with some regional officers of MASLOC to perpetrate the crime.

Meanwhile, investigators of the Economic and Organised Crimes Office (EOCO) have concluded investigations into the matter and the docket on the case is being finalised for onward submission to the Attorney Generals Department for advice.

But, according to Franklin Cudjoe, he is not surprised about the report and that almost all government institutions that have interface with money unfortunately have bred “gangs of thieves.”

He mentioned that??Year on year, almost all government enterprises aimed at the so called poverty reduction have become not just wasteful but they have become avenues for stealing.?

Franklin Cudjoe averred that MASLOC is not a proper organization and that it is just a political wing aimed at spreading our hard earned cash on wasteful so called enterprises.

“I can assure you this is just a tip of the iceberg.? He called for a comprehensive auditing of the finances of the scheme.” he said, insisting that MASLOC has no proper leadership.

“It is just essentially a wasteful one and I think that all the directors should be picked up right now.” and noted that, MASLOC be?allocate its funds to enterprise creating bodies already in the systems.

He therefore described MASLOC as a ?baby version of GYEEDA? and is another avenue to share looted funds.



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