Frank Mensah
3 November 2009
Kumasi — ABOUT 136 participants, representing 60 Credit Unions operating in the Ashanti Region, have attended a three-day workshop to update their skills in model policies.
They were taken through model financial management for credit unions in Ghana, credit union shares and saving policies, as well as corporate governance policies for credit unions and conditions of service and loan policies.
The workshop was funded by BS Africa Limited, an Accra-based consultancy firm conversant with policy formulation.
The General Manager of the Credit Unions Association of Ghana (CUA), Mr. Emmanuel Oduro Darko, stressed on the urgent need to develop policies to guide the operation of the CUA
According to him, the workshop, which would be replicated in all ten regions of Ghana, would enable the CUA adopt a policy framework to operate effectively.
Mr. Darko charged the Board of Directors, and various committees, to manage their societies properly, and find ways of retrieving all loans.
Mr. Kenneth Danquah, Ashanti Chapter Chairman of the CUA, urged the participants to adopt national policy guidelines to develop local policies to enhance the operations of the credit unions.
Meanwhile, Mr. Emmanuel Afrifa, acting Regional Chairman of the CUA, has commended the national executives for organising the various workshops, to equip board members of credit unions for their roles and responsibilities.
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