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Ashanti region leads in establishment
of Credit Unions
Kumasi, April 5, Ghanadot/GNA - Mr John Philip Amoateng,
Ashanti Regional Director of the Department of Cooperatives,
has said that the Ashanti region has a total of 60 credit
unions and leads in the establishment of such unions in the
country.
He mentioned the most viable ones among them as Saint
Peter’s Credit Union, Saint Paul’s Credit Union, the Kwame
Nkrumah University of Science and Technology Credit Union
and Seventh Day Adventist Credit Union, all in Kumasi.
Mr Amoateng told the Ghana News Agency in Kumasi on Friday
that the unions have helped in giving employment to people
in their areas.
He commended them for granting loans to their clients to
enable them expand their businesses and to improve their
incomes, thereby reducing poverty.
Mr Amoateng observed that loans delinquency was a major
problem facing all the unions and advised members to ensure
that loans granted them were paid promptly to enable others
enjoy the facility.
He said the cooperative concept was to create employment and
to help reduce poverty levels among the people and expressed
regret that it has not achieved the desired results due to
lack of credit facilities, guaranteed prices for farmers’
produce, as well as lack of storage facilities.
Mr Amoateng urged government and other stakeholders to
address the problems to help improve their living
conditions.
GNA
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