Public Sector Analyst, Harry Yamson says both the Ministry of Finance (MoF) and the Board of the Microfinance and Small Loans Centre (MASLOC) cannot evade responsibility for the misappropriated funds and financial losses incurred by the state.
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He emphasized that accountability should not only encompass individuals but also extend to the oversight bodies and supervisory ministries implicated in the matter.
Mr. Yamson’s statement comes in the wake of the sentencing of former MASLOC CEO Sedina Christine Tamakloe Attionu and Daniel Axim, the former Head of Operations, to 10 and 5-year prison terms, respectively, by an Accra High Court.
The court ruled them guilty on all 78 charges, including intentionally causing financial loss to the Republic.
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In an interview with Starr News, Mr. Yamson highlighted the longstanding absence of efficient oversight over MASLOC and recommended that accountability should encompass not only the company’s board but also its supervisory Ministry, which is accountable to Parliament.
According to him, it is crucial for Parliament to fulfill its duties in supervising such institutions.
“MASLOC has been bedevilled with poor oversight responsibility since its inception, and some other institutions are responsible for that. There is an oversight Ministry and that Ministry reports back to Parliament and Parliament must also perform its responsibilities”.
“Parliament and supervisory ministries must be held accountable for failing to perform their duties,” he stated.
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