
Audio By Carbonatix
The Credit Union Association (CUA) of Ghana has made available an amount of GH¢15,000 through the Hohoe Community Association of Small Scale Cooperatives Credit Union (HOCCACU) to support 150 women members engaged in petty trading.
The package formed part of the CUA's poverty reduction drive among its women members.
Mr Godfried Adanuti, Volta Regional branch Manager of CUA who disclosed this to the GNA said the scheme was fashioned out to increase the capital base of petty traders towards attaining self-reliance.
He said it is also to inculcate the culture of savings among members and to facilitate lending their own savings in times of need.
Mr Adanuti said a similar support was extended to the Logba Dunenyo, Juapong community and teachers' and the Ho community credit unions.
He said its total asset rose to GH¢120,000 (¢1.2 billion) in the last five years with 450 members.
Mrs Fortune Abusuasem, Board Chairperson of HOCCACU urged the women to form small cooperatives to enable them benefit from the scheme.
She said the group would be held responsible for default as the scheme allows them to decide how much to save on the principal cash.Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ghana steps up fight against banana, plantain diseases
2 minutes -
Women farmers need tailored pensions – Zanetor
6 minutes -
MP, MCE provide street bulbs and solar panels to lighten Evaloe Adjomoro-Gwira constituency
7 minutes -
ECG upgrades infrastructure, assures reliable, stable power supply
9 minutes -
Aggrieved cocoa farmers urge Parliament intervention
14 minutes -
Ghana launches first maternal mental health policy
17 minutes -
Mahama issues three calls to action at One Health Summit
23 minutes -
KNUST secures $2.3m funding for research activities
27 minutes -
Ayigboe residents fear disaster as ECG delays repairs on live faulty cables
32 minutes -
PIAC urges investment as oil production falls
35 minutes -
World Bank projects 4.8% growth for Ghana, 9% inflation by end-2026
47 minutes -
Heath Goldfields seals $2.8bn Trafigura deal to revive Bogoso-Prestea
59 minutes -
Trump says US military to stay around Iran; threatens action if Tehran fails to comply with deal
1 hour -
Only 6% insured locally – Prof. Gyampo exposes cracks in import regime
1 hour -
Thousands of containers lost at sea – GSA’s Prof Gyampo warns importers are exposed to risk
2 hours