The Ramseyer Cooperative Credit Union has marked its 25th anniversary with a call on government to strengthen financial regulations to safeguard the operations of credit unions across the country.

Speaking at the celebration in Kumasi, the Chief Executive Officer of the Union, Kennedy Yeboah, underscored the critical role credit unions play in promoting financial inclusion, especially among low- and middle-income earners.

He noted that while the cooperative sector has made significant strides, weak regulatory frameworks and emerging risks in the financial space continue to threaten its sustainability.

“Government must look at the legislation that requires credit unions to be efficient, so that the unions can work hand in hand with government to achieve the results we want,” he stated.

“We believe that stronger financial regulations will not only protect members’ savings but also position credit unions to contribute more meaningfully to national development,” Mr. Yeboah said.

The anniversary, which brought together members, stakeholders, and community leaders, also highlighted the union’s journey over the past two and a half decades.

Established with a small membership base, the Ramseyer Cooperative Credit Union has grown into a trusted financial institution serving thousands within the Ashanti Region.

Mr. Yeboah commended members for their loyalty and trust, adding that the union remains committed to offering affordable financial services, supporting small businesses, and empowering communities.

He further appealed to government and regulators to create an enabling environment that would ensure the cooperative sector thrives alongside mainstream banks and microfinance institutions.

The event was marked with the launch of new savings products, awards to pioneering members, and a renewed pledge to deepen financial literacy among the youth.