The Agona West Municipal Assembly has

denied rumours that it was disbursing 250 billion cedis granted by the

government to assist small and medium scale industries.
Mr. Michael Obeng, Municipal Finance Officer, stated this at a news briefing

at Agona Swedru in the Central Region on Monday.
He noted that some people in the Municipality had been asked to deposit

various sums with banks to enable them to access loans under the so-called

scheme.
The Municipal Finance Officer expressed the Assembly's disgust about

the rumour and said it would not sit down unconcerned, especially now that a

new Municipal Chief Executive, Mr. Felix Jacob Obeng-Forson, had just

assumed office.
He cautioned the public, especially operators of small and medium scale

industries, to be wary of people who would approach them to make deposits to

access loans from the Assembly.
The Municipal Finance Officer said the Assembly would inform the public

whenever any facility was available for their benefit and asked the people to

cross check information about financial schemes from the appropriate quarters

before making any commitment.
This, he said, would help prevent them from being defrauded.