The Microfinance and Small Loans Center (MASLOC) has released GHC2 million to be disbursed as interest-free loans to Odawna Market traders who had their goods destroyed by fire recently.
A total of 1,000 traders will each be granted Ghc2,000 interest-free loans with a 1-year moratorium.
This was announced by the Deputy CEOs for MASLOC, Afia Akoto and Abibata Shanni Mahama in a meeting with the Odawna traders.
Hundreds of stalls at the Odawna market at the Kwame Nkrumah Circle in Accra were burnt on Wednesday, November 18, 2020.
A validation exercise was conducted on the traders by the Klottey Korley Municipal Assembly after which 1,000 traders have been selected, with majority of them being women, to benefit from the grants. The payments are to start immediately.
The traders expressed their appreciation to Government for swiftly coming to their aid after they lost their wares in the fire outbreak.
The National Board for Small-Scale Industries (NBSSI) are expected to support other victims of the fire disaster at Odawna Market.