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Bad Debt MASLOC to publish names of indebted MPs

MASLOC has asked the AG’s department to peruse the contracts after they were notified of the inflated prices by the commercial drivers

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The Microfinance and Small Loans Centre (MASLOC) has vowed to publish the names of Members of Parliament (MPs) who have defaulted in repaying loans due them.

Beneficiaries of MASLOC credit facilities are indebted to the centre beyond GH¢100 million, covering the period from 2009 to 2017.

READ ALSO: MASLOC to name and shame 'corrupt' celebrities who endorsed NDC

The Chief Executive Officer (CEO) of MASLOC, Stephen Amoah speaking on the loan contracted for the MPs said although, the centre has written severally to the MPs involved for them to honour their obligations, they were yet to respond to the letters.

play Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC), Stephen Amoah

Reports indicates that 100 Chevrolet Spark vehicles, 150 Chevrolet Aveo vehicles and 100 Izusu buses, had been "left at the mercy of the weather" after GPRTU refused to buy them at the excessive prices.

MASLOC has asked the AG’s department to peruse the contracts after they were notified of the inflated prices by the commercial drivers who felt that they were being taken advantage of.

READ MORE: Bugri Naabu accused of mobilising people to demonstrate against Nana Addo

But speaking on the issue, Mr Stephen Amoah indicated that that his outfit will soon publish names of officials who benefited from the deal, prosecute them and possibly jail those who will be found guilty.

Mr Amoah explained that the MPs involved took the loans for their personal use while others served as guarantors for a beneficiary.

play Speaker of Parliament, Mike Ocquaye


In an interview on Accra-based Citi FM, he said "It’s not every bit of information I can bring up because it’s a high house and I have to respect them…For the MPs, I won’t bring it to the public domain now.

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"We gave them ultimatum to repay if not we will publish their names. You will see from the coming weeks the names that we will publish. The whole nation will agree with me that we did all that we did to made the issue a bit more flexible for them but they’ve just decided not to comply. After that we are going to publish their names."

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