THE Supervising Manager of the Anlo Rural Bank, Mr Godwin Kodzovi Ahadzi has expressed misgivings over what he describes as unnecessary government interference in the microfinance industry.
According to him, poverty in Ghana would have been eradicated long ago but for the interference of officialdom.
Mr Ahadzi said this when he addressed a workshop as part of a financial literacy campaign organised by the Support Programme for Enterprise, Empowerment and Development (SPEED) for senior managers of rural banks in the Volta Region in Ho on Tuesday.
The workshop was part of a campaign jointly organised by Stratcom Africa and SPEED under a programme for sustainable economic development jointly funded by the German Technical Development Agency (GTZ) and the Danish Agency for International Development (DANIDA), in partnership with the Ministry of Finance and Economic Planning.
Mr Ahadzi said the future of microfinance through rural banks was very bright, adding that with intensive education and good customer care, the portfolio would rise drastically.
On the proposed merger of rural banks, he said it was not advisable, saying that microfinance should rather be made workable.
“We should work out for quality microfinance services, not quantity,” he said.
In an address, the Microfinance Advisor of SPEED, Mr Ken Appenteng-Mensah, said micro, small and medium enterprises (MSMEs) would benefit from improved access to adequate and demand on-lending financial and non-financial services made available at SPEED.
He said there were three components of services relating to funding facility, technical assistance to the microfinance sector and business development services under the project.
He disclosed that 16 towns had been earmarked in the Volta Region for a road show aimed at intensifying financial literacy and that the exercise was expected to end by July 20.
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