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
-
GSS opens first National Data Producers Forum as gov’t commits GH¢209m to strengthen data systems
11 minutes -
Minority demands immediate withdrawal of letter declaring Kpandai seat vacant
21 minutes -
Nana Asaase to host ‘Mental Pictures 9: By the Fireside’ on December 12
23 minutes -
Mahama urges global manufacturing firms to invest in Ghana
26 minutes -
Ghana still poised to become a regional investment hub – Pearl Nkrumah
29 minutes -
Manhyia South MP accuses speaker of partisanship over Kpandai re-run notification
33 minutes -
Woodin unveils ‘Infini de Woodin’: Endless style, infinite possibilities
42 minutes -
Detty Rave 2025: Igniting the next wave of African dance, music and culture
46 minutes -
Celestine Donkor launches road-safety campaign in collaboration with Road Safety Authority
52 minutes -
New Road Maintenance Trust Fund board tasked to ensure fair, nationwide allocation of resources
55 minutes -
Mahama urges stronger global partnerships to transform Africa’s healthcare future
57 minutes -
ECOWAS declares regional state of emergency over rising coups, security threats
60 minutes -
Activa Insurance supports education with ICT lab donation to Korle Gonno Community Library
1 hour -
Gov’t developing central health intelligence database – Health minister
1 hour -
The McCarthy Hill School wins 2025 Kofi A. Tawiah Good Citizenship Challenge
1 hour
