Home News Conspiracy Against MASLOC Boss Backfires

Conspiracy Against MASLOC Boss Backfires

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One of the hardworking appointees of the Akufo Addo-led New Patriotic Party (NPP) government, Stephen Amoah, is, in the lead up to parliamentary primaries of the party, reeling under a well calculated scheme to paint him black to the Nhyeaso constituents he wants to lead as the parliamentary candidate in the 2020 elections.

His distractors and apparatchiks suspected to be operating from his opponents camp have started circulating on social media that Sticker, as Stephen Amoah is fondly referred to is either going to resign humbly or be forced to leave office as CEO for MASLOC.

They claim Mr. Sam Pyne would soon be appointed by the President to replace the affable investment consultant and CEO.

New Crusading GUIDE’s checks have however reveal that what is circulating on social media is the figment of someone’s imagination and that Sticker would not be sent packing.

“I don’t know where that is coming from but I can tell you that it’s not true. Under Stephen Amoah, MASLOC has received a facelift, he has properly structured MFI, loans are properly disbursed and more so, there are better recovery of loans so what are they saying? Ignore their politicking,” sources at the presidency told this paper yesterday.

 The investment consultant has won 3 International awards in 2 years and 1 national award, including the one given by the European CEO Awards in the United Kingdom, is in recognition of his contribution to micro-finance industry in Ghana.

The European CEO Awards is a scheme that provides recognition to exceptional leaders within the industry, identifying innovative and creative leaders who have demonstrated strong integrity and contributed both to the industry and the wider society.

Mr Amoah, who received the award in Accra, said “It is quiet humbling for me. My vision is to achieve competitive excellence by using cutting-edge technologies to provide affordable micro-loans to SMEs and start-ups in the remotest part of Ghana.”

The MASLOC was set up in 2006 is to provide, manage and regulate on fiduciary basis, approved funds for microfinance and small-scale credit schemes and programmes and also serve as the apex body of the microfinance sub sector.

Since he was appointed in March 2017, Mr Amoah has provided leadership for MASLOC to collect cash and assets of the centre which were in arrears.

How Stephen Amoah managed the GPRTU buses issue is unprecedented and still being talked about in town.

So far, MASLOC has collected cash and assets amounting GH¢16million (2.9 million euros) in March 2018 compared with GH¢6 million (1.1million euros) in 2016.

Through tactful negotiations, MASLOC, working in concert with key stakeholders, has established 216 district offices in a little over a year with the aim of bringing microfinance to the doorstep of the less privileged.

MASLOC has also undergone a restructuring process including the establishment of a functioning internal audit department and an audit committee.

Until his appointment as MASLOC boss, Mr Amoah was an investment consultant, a part-time lecturer at the Kwame Nkrumah University of Science and Technology (KNUST) and the CEO of Zintex Company Limited.

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