The Ministry of Women and Children’s Affairs is to investigate the mode of disbursement of micro finance loans to rural women.
The ministry says it believes the proper procures and guidelines were not duly followed in the disbursement of the funds previously.
The micro finance scheme was introduced by the Kufuor administration to empower rural poor women.
The Minster of Women and Children’s Affairs, Akua Sena Dansua, told Joy News some women in the Eastern Region were yet to access to funds after they had been released six years ago.
She alleges women who were not supposed to benefit from the micro finance scheme benefited while those who badly needed the money rather did not get any.
That for her constituted a serious breach of the guidelines for disbursement of the funds.
She contends the lack of due diligence resulted in high default rate for the funds.
“If you don’t mobilize the right people recovering the loans will be difficult,” she stated.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Who wins when Nigeria’s richest man takes on the ‘oil mafia’?
11 mins -
Grandma with chunky sunglasses becomes unlikely fashion icon
21 mins -
Rescuers send water through holes to building collapse trapped in Tanzania
42 mins -
Miss Nigeria’s pride after defying trolls to challenge for Miss Universe
58 mins -
Trump names fracking executive Chris Wright energy secretary
1 hour -
‘Tribalism, partisanship and lawlessness are the biggest obstacles to our development’ – Togbe Afede XIV
1 hour -
Rabiot double seals top spot for France
2 hours -
Police vow to arrest South African miners as standoff continues
2 hours -
Togbe Afede XIV livid about state of Ghana’s economy, scandals in government
2 hours -
Top Republican says Trump nominees are ‘disruptors’
2 hours -
Undocumented migrants hope Trump mass deportations only ‘for criminals’
2 hours -
Final phase for mass rape trial that has horrified France
3 hours -
Trump, Musk and new cabinet nominees celebrate at UFC
3 hours -
‘Anointed by God’: The Christians who see Trump as their saviour
3 hours -
‘My parents drove me to raves aged 15’, says Charli XCX
3 hours