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Government secures US$2m to rescue Northern flood vicitms

2008-10-29 23:28:17
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The Ghana Government has sourced a US$2 million grant, from the Japanese Government, to provide soft loans to resuscitate those whose businesses and source of livelihoods collapsed during the flood disaster in the three Northern Regions.

Over 16,000 affected persons were expected to benefit from the loan, to relieve them from their low economic standards, and also make life more bearable for them. The Chief Executive Officer (CEO) of the Micro Finance and Small Loan Centre (MASLOC), Mr. Larry Prempeh, announced this in Tamale, in an encounter with the media and District Chief Executives of the affected districts.

According to him, though some interventions had been made towards rehabilitating the victims of the flood, the government had still seen the need to further assist them in recovering whatever they had lost.

Mr. Prempeh disclosed that MASLOC officials had engaged the National Disaster Management Organisation (NADMO) to make thorough assessments, to identify the true victims of the flood, know the kind of trade they were into, and determine how much money they would require, before the disbursement of the loans.

He promised that the $2 million facility would be fairly disbursed to the true victims, without any favouritism or political interferences. “This is not NPP money, but government of Ghana’s money,” he said.

The Northern Regional Minister, Alhaji Mustapha Ali Idris, thanked the government and for that matter the MASLOC Secretariat, for the importance attached to the sufferings of the people, and the good interventions made so far.

He appealed to the CEO of MASLOC, to be cautious in the selection of those to disburse the loans, so that it got to the right people.

The Minister, however, encouraged potential beneficiaries of the loan, to pay back in time to allow others also benefit.

Alhaji Mustapha also appealed to the MASLOC Secretariat, to consider catering for the journalists under the MASLOC, to also improve their livelihoods.


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