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Be The Economic Kingpins’ In Ghana – MASLOC To Young Females

Be The Ghana Economic Kingpins’

Baakoniaba, August 13, 2022

The Microfinance and Small Loans Centre (MASLOC) in the Bono region has encouraged young females to go into entrepreneurship to improve their socioeconomic livelihoods and subsequently boost the nation’s financial sector.

According to Mr. Karim Dakurah, the deputy Bono Regional Manager of MASLOC, females in Ghana have the higher percentage ability to expand Ghana’s economic fortune over their male counterparts and could become the economic ‘gurus’ considering their population percentage.

He was speaking to trainees of the Sunyani Youth Development Association (SYDA) on Thursday at “Economic Right Advocacy” and training held at Baakoniaba, a suburb of Sunyani for young females in the Municipality.

MASLOC provides start-ups and small businesses with fast, easy and accessible loans to expand their businesses and enhance job and worth creation in Ghana, Mr. Dakurah stated and encouraged the participants to “have entrepreneural ability”.

The economic right advocacy and training was organized by the GrassRoots Hub, a Social Impact and SDG Innovation Lab in Sunyani.

Mr. Robert Kwasi Oppong, the Communication and Community lead at the GrassRoots Hub said the training was to help young females break the fear and boost their confidence that they are eligible Ghanaians.

Mr. Oppong said the first session of the training on economic empowerment, in areas such as record keeping, saving, business registration and how to access loans was initiated and stated in 2021.

According to him, it would provide motivation, guiding and supportive system for the young females, mostly apprentice in the various trades to explore the other economic areas as part of their trainings.

Mr. Oppong further explained the second stage of the training was a dialogue session held in February this year with duty bearers, thus  MASLOC and the Office of the Registrar of Companies for beneficiaries to interact with the duty bearers.

The feedback section held on Thursday was for the organizers and duty bearers to ascertain the understanding, challenges, questions and the state so far of beneficiaries during practicalization. 

Mr. Felix Oppong Yeboah, the Administrator for SYDA said the training would be of great benefit to the trainees.

He explained that book keeping and financial management practices would become part of the trainees and help them in their future endeavors.

On the part of beneficiaries, Elizabeth Owusuwaa, a trainee learnt “business registration is one of the basic, but vital requirement in business establishment”.

She commended the Office of the Registrar of Companies for the indepth knowledge.

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