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27.05.2009 Business & Finance

Ashanti Regional Chapter of Credit Unions Association to hold AGM

By gna
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Kumasi, May 27, GNA - Mr. Charles Andoh, a Board Member of the

Saint Peters Co-operative Credit Union in Kumasi, has appealed to operators of

the credit union concept to deepen and strengthen their internal structures.

This, he said, was essential to check malpractices that had crippled

the viability of some credit unions in the country to the disadvantage of their

Mr. Andoh was speaking to the Ghana News Agency in an interview

in Kumasi on Wednesday on the role of the credit union concept in the nation's

economic development, ahead of the First Annual General Meeting of the

Ashanti Regional Chapter of the Credit Unions Association to be held in Kumasi

on May 30.
He said the concept had over the years helped in giving credit facilities

to members to help them expand their businesses and thereby reducing poverty.

He said the meeting is under the theme “Credit Union: The Best

Option for Reliable Partnership in Socio-Economic Development”.

Mr. Andoh said Mr. Emmanuel O. Darko, General Manager of the

Credit Union Association (CUA) in Accra will be the Guest Speaker, Dr. Yaw

Fokuoh, Pharmacy Department of KNUST, Guest of Honour and Dr. B.E.

Kwesi Prah, Rector of Kumasi Polytechnic, Chairman.

He called on shareholders of various unions to attend the function in

their numbers.

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