Gov’t procures 250 vehicles for GPRTU

December 3, 2016
Gov’t procures 250 vehicles for GPRTU

Government, under the MASLOC Vehicle Hire Purchase Scheme, has procured 250 vehicles for the Ghana Private Road Transport Union (GPRTU).

The Scheme, will afford the members of the GPRTU, the opportunity to acquire on hire-purchase, buses and saloon cars to renew their fleet in a manner that would not put undue constraints on their capital and cash flow.

The vehicles, which comprise one hundred 33-seater buses and 250 saloon cars, forms part of government’s quest to support private sector operators in providing transportation services.

The President who commissioned the buses in Accra himself said the initiative is consistent with the government’s overall policy to expand opportunities for all, and ensure a firm foundation for socio-economic transformation through the provision of safe means of transport for citizens.

He said the initiative does not only benefit patrons of the Scheme, but the travelling public who will patronize these vehicles.

He stated that once the beneficiaries of the vehicles honour the loan repayment obligations per the expected repayment schedules, MASLOC would be in a position to continue to lend to existing and new clients.

This, he said, would create wealth and ensure the general well-being of Ghanaians as well as contribute towards the achievement of the Centre’s strategic goal to reduce poverty.

“I have no doubt that MASLOC over the years, through its mandate, continues to contribute to bridging the poverty gap by making its financial services accessible to the marginalized in society,” he stated.

“Government considers the private sector as a partner in the growth and development of our country and believes that the travelling public deserves comfort at affordable prices, regardless of the nature of transport they utilize

“MASLOC’s objectives is to provide financial assistance, especially to persons who are financially excluded from access to financial services with the conventional financial institutions. MASLOC thus support government’s quest to improve the reach and depth of financial service delivery throughout the country,” he said.

He said it is not in doubt that government has not only focused on developing state-of-the-art infrastructure that will improve the well-being of Ghanaians and stimulate sustainable economic growth, but also been working on creating opportunities for many citizens to create wealth and contribute to economic growth.

MASLOC, since its inception in 2006, has provided micro, small and group loans to individuals in many areas of endeavor of micro-enterprise such as food crops, agro-processing and marketing, livestock production and the poultry industry among others.

Sedina Tamakloe Attionu, Chief Executive Officer of MASLOC, said the Centre’s long-term objective is to promote the emergence, development and growth of a sustainable and decentralized micro-financial sector with grassroots participation in ownership, management and control.

She said the private sector plays a key role in the country’s transport sector but it has been faced with several challenges including poor maintenance, decrepit vehicles and poor management.

Attionu said the MASLOC Hire Purchase Scheme is therefore aimed at enhancing efficient public transportation system in the private sector in the country by providing new vehicles to beneficiaries in order that they generate income and repay for the cost of the vehicle over a specified period of time.