MASLOC presents buses to GPRTU under a lease agreement | General news



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The Microfinance and Small Loans Center (MASLOC) has presented 83 buses to the Ghanaian Private Road Transport Union (GPRTU) under a hire-purchase agreement.

The 33-seat buses were purchased for the union in 2016, but members felt the cost was too high to guarantee a meaningful return.

Under the current agreement, however, the government has reduced the price of buses by 53.5% to make them affordable for GPRTU members.

Previously, the price of a bus was GH ¢ 705,550, but thanks to the intervention of the government, it was reduced to GH ¢ 328,000.

Presentation

Ms. Akosua Frema Osei Opare (3rd from left), the Chief of Staff, cut the ribbon to formally inaugurate the buses to be handed over to the GPRTU. From left to right, Mr. Kwaku Ofori Asiamah, Mr. Seth Adjei Baah, MASLOC Board Chairman, Mr. Kwame Kuma and Mr. Stephen Amoah, MASLOC Managing Director.

Presenting buses to the union in Accra on Tuesday, the chief of staff, Ms. Akosua Frema Osei Opare, said that when the government took office, it became clear that the price of buses was exorbitant.

It stated that the investigations revealed that the wholesale price of the buses was higher than the retail price at the local supplier in Ghana and that the price renegotiations with the supplier resulted in only a 1% reduction.

According to the Chief of Staff, the high price of buses prevented the GPRTU from acquiring vehicles for commercial activities, hence the intervention of the Government.

She said the intervention reflected the government's commitment to support the GPRTU to create more economic opportunities for its members and expressed the hope that the beneficiaries would provide regular maintenance. buses to stimulate the transport sector and also offer affordable fares and comfort to commuters.

Osei Opare also urged drivers of new buses to be models of safe driving to reduce road accidents in the country.

concerns

Transport Minister Kwaku Ofori Asiamah expressed concern about the high number of aging commercial vehicles.
vehicles in the country and the resulting inconvenience to pbadengers.

He therefore called on the GPRTU to buy the buses to increase its fleet and ensure the safety of pbadengers by engaging competent drivers, as well as by adhering to a strict maintenance protocol, to contribute to the prevention of accidents.

He reminded the grantees that the buses were not free and that the future purchase and release of buses for the union would depend on how quickly the grantees would pay for the current buses.

Activities MASLOC

Mr. Stephen Amoah, General Manager of MASLOC, said that the center has been able to create 200 district offices and has disbursed 600 million GH ¢ since 2017.

He said that 70% of the loans granted by the center had been offered to women, with a recovery rate of 65%. He added that in the near future, MASLOC operations would be automated nationally with an integrated information and communication technology (ICT) system.

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