GPS Co-operative credit union holds 6th AGM

The Ghana Prisons Chapter of the Co-operative Credit Union Association has held its 6^th annual general meeting to review the past performance of the Union, set new goals for the ensuing year and also discuss issues pertaining to the growth of the Union.
It was held at the Prisons Inter-denominational Church in Accra, on 18^th April, 2018.
The meeting was also to enable management account for their stewardship to members after the financial statement has been audited and certified by external auditors from the Ghana Co-operative Credit Union Association of Ghana and Department of Co-operatives of Ghana.
The meeting was attended by the members of the Prisons Directorate, the board Chairman of the Union, Mr. Patrick Darko Missah who is the Director-General of Prisons, representatives from the Ghana Police Hospital Credit Union Association, the Regional Director of Department of Co-operative, representatives from Ghana Co-operative Credit Union Association and member-representatives from the various Prisons Stations.
Among some of the issues discussed at the meeting were reports and financial statements for 2016/2017, management board’s report, adopt the proposed budget for 2017/2018 financial year and also adopt a new product called the Time Deposit Investment.
The Time Deposit Investment will allow members invest their surplus income for a short-term at a competitive interest rate.
The management report for 2016/2017 was read by Chief Superintendent of Prisons (CSP). Duodo Maclean on behalf of the Board Chairman.
He stressed “the major challenge the Credit Union faced during the past year was frequent members’ savings withdrawals, thereby not allowing management to turnover their monthly contributions to pay off the charge and other commitments paid on behalf of each member.”
Management therefore encouraged members to desist from frequent savings withdrawals and instead take loans.
The meeting attracted numerous questions from member representatives.
Management therefore assured members that they would continue to provide improved quality service delivery and make life more comfortable to its members.