Paragraph 1: The Resignation of Hajia Abibata Shanni Mahama Zakariah from MASLOC
Hajia Abibata Shanni Mahama Zakariah, the Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC), tendered her resignation effective January 31, 2025. Her resignation letter, addressed to the Chief of Staff and copied to the Secretary to the President, was officially received on February 4, 2025. This concludes an eight-year tenure at MASLOC, including four years as Deputy CEO and another four as the substantive CEO, making her one of the longest-serving executives in the organization’s history. Her service spanned the entirety of President Nana Addo Dankwa Akufo-Addo’s two terms in office.
Paragraph 2: Reasons for Resignation and Expressions of Gratitude
While Hajia Abibata expressed her gratitude for the opportunity to serve and contribute to MASLOC’s growth, she stated her belief that it was time for new leadership. In her resignation letter, she emphasized the privilege of leading the organization and contributing to its success. She also conveyed her appreciation for the support and collaboration she received from the Board, Management, and staff throughout her tenure. She expressed confidence in MASLOC’s continued success and pledged to ensure a smooth transition.
Paragraph 3: Confirmation and Appreciation of Former President Akufo-Addo
Confirming the authenticity of her resignation, Hajia Abibata conveyed her deep gratitude to former President Akufo-Addo for the trust placed in her, first as Deputy CEO and then as CEO. She viewed her appointments as a reflection of President Akufo-Addo’s commitment to empowering women and providing them with leadership opportunities in Ghana. She highlighted the importance of her role in advancing the government’s agenda of supporting small businesses and entrepreneurs through microfinancing initiatives.
Paragraph 4: Hajia Abibata’s Legacy and Potential Future Endeavors
During her leadership, MASLOC likely witnessed significant developments and implemented various initiatives to support micro and small enterprises in Ghana. Her long tenure provided continuity and stability to the organization, allowing for the development and execution of long-term strategies. While her future plans remain undisclosed, her experience and expertise in microfinance and public service suggest potential involvement in other leadership positions, advisory roles, or entrepreneurial ventures. Her background as an NPP Parliamentary Aspirant also indicates a possible continued engagement in politics.
Paragraph 5: The Significance of MASLOC in Ghana’s Economic Development
MASLOC plays a crucial role in Ghana’s economic development by providing accessible financial services to micro and small enterprises, a sector that often faces challenges in accessing traditional banking services. These businesses are vital for job creation, poverty reduction, and economic growth. MASLOC’s services help empower entrepreneurs, particularly women, and contribute to a more inclusive and robust economy. The smooth transition of leadership at MASLOC is therefore crucial for the continued effectiveness of these essential services.
Paragraph 6: The Future of MASLOC and the Search for a New CEO
Following Hajia Abibata’s resignation, the process of selecting a new CEO will begin. The government will likely seek a candidate with a strong background in finance, management, and a deep understanding of the microfinance sector. The new CEO will inherit the ongoing initiatives and challenges at MASLOC, and will be tasked with ensuring the organization’s continued effectiveness in supporting micro and small businesses. The future success of MASLOC relies heavily on the ability of the new leadership to build on Hajia Abibata’s work and adapt to the evolving needs of the Ghanaian economy.
