“50% Of MASLOC Loans For Women” – President Akufo-Addo

The President of the Republic, Nana Addo Dankwa Akufo-Addo, states towards his government's objective of reaching gender equality, a regulation has been issued to the Microfinance and Small Loans Centre (MASLOC) to guarantee that 50 percent loans disbursed are provided to women engaged in small-scale farming and businesses.According to President

Akufo-Addo, Federal government has also put in location a deliberate policy of reinforcing the capacity of regional services by making sure that 70% of all government-funded contracts or tasks are awarded to local specialists."Out of this, at first 30%of the agreements

or projects are being awarded to women, "he said. President Akufo-Addo made this known on Tuesday, Fifth June

, 2018, when he provided an address at the 2018 Ladies Entrepreneurship Summit, arranged by the National Board for Little Scale Industries(NBSSI ), at the Movenpick Hotel.Again, with Ghana's farming population including higher numbers of ladies than males,

the President stated that it is certain that a growing number of females will be associated with government's flagship programme of Planting for Food and Jobs."Women empowerment has been provided an incredible boost by the execution of our Free Senior High School policy. Last

year, ninety thousand more trainees, the majority of whom were girls, got in secondary school, than in 2016,"he said. He continued,"Our educational reforms are encompassing likewise the scaling up of technical and occupation education training, which will benefit lots of youngladies, to equip our youth with the skills required for the building and construction of a contemporary economy. "Whilst his government focuses on economic and educational reforms targeted at ladies empowerment and entrepreneurship, the President specified that his government

is not neglecting the critical importance of improving women's involvement in the governance of the nation."We are making systematic efforts to meet our goal of gender parity in the distribution of public workplaces, both at the centre and at the districts

, for we see the 2 sides of political and economic reform as 2 sides of the exact same coin for promoting gender equality and females empowerment, "he said.On the restructuring of the NBSSI carried out by Government, President Akufo-Addo kept in mind that Ghanaians will soon see an organization with a renewed drive on providing very first class enterprise advancement services to MSMEs."It will co-ordinate all programmes developed to integrate the MSMEs into farming and commercial worth chains with market linkages to financial investment opportunities, being promoted by the Ministry of Trade and Market, under our flagship"One District,

One Factory"effort, and other commercial efforts, and by the Ministry of Food and Farming under the programme for Planting for Food and Jobs,"he said. Realisation of SDG No. 5 As co-Chair of the SDG Advocates Group of Eminent Personalities, President Akufo-Addo noted that the realisation of SDG No. 5, by the time frame of 2030, needs all government to work to gender equality and the empowerment of

all females and girls. "

The reality in Ghana is that, in spite of some significant progress, we still have some way to go towards the realisation of this goal. Undoubtedly, the function and involvement of ladies in the financial and political landscape have not been to the desired levels, "he said.

The President kept in mind that, in spite of this, over the past decade, the variety of females entrepreneurs has increased substantially. "Be they in agro-processing, creative arts, fabric or clothing style, the monetary or trading sectors, ladies entrepreneurs have actually become a crucial part of the entrepreneurial landscape, with latest figures from the NBSSI indicating that 44%of Micro, Small and Medium Enterprises( MSMEs)are owned

by ladies, "he added. President Akufo-Addo was positive that this number can be increased if more women business owners are provided the optimum push and support in their endeavours." Women's financial empowerment is one of the world's most promising areas of investment with practically instantaneous results, i.e. the decrease and ultimate removal of hardship and prevalent unemployment,"

he stressed.

Source

http://presidency.gov.gh/index.php/briefing-room/news-style-2/681-50-of-masloc-loans-for-women-president-akufo-addo