Addressing shareholders at the 19^th Annual General Meeting of the Ghana Ports and Harbours Authority (GPHA) Co-Operative Credit Union on February 23, 2018, Nana Kwasi Agyepong, the CEO of CUA and the Guest Speaker of the meeting besought the union, and all the unions across the country to learn to co-operate, liaising with each other to bring out initiatives. According to him, doing so will birth formidable relations to develop members.

He further reiterated that, credit unions should be willing to merge when the need arises.

The union’s total asset increased by 20.88% rising from ¢10.4 million in 2016 to ¢12.5million in 2017.

The new edifice of the union was also commissioned at the meeting. Operations are expected to commence in the four storey late April.

Hardworking and deserving stakeholders were awarded on the occasion.

At the end of the meeting, Microfinance Watch interacted with some of the stakeholders, with a stakeholder revealing that, she joined the union ten years back and she is still with them because accessing loans from them is easier as compared to other financial institutions.

Johnny Hally Etsey, Best Saver Award Recipient in an interview with Microfinance Watch disclosed he has been saving with the union with over 20 years and saves a lot because, withdrawing your savings from credit unions is more strenuous, as compared to other financial institutions. Thus, seeing it as a very great opportunity to save for future investments.

Source: Microfinance Watch