By Freda Mwini/Simon Gali
Wa (UW/R), April 28, GNA — Dr Abraham Dakurah, Chief Executive Officer of the Wa Community Cooperative Credit Union (WACCU), has assured members that their savings and investments are safe and secure.
He urged members not to entertain fears about the safety of their funds, stressing that the Union has implemented secure electronic systems to protect members’ money.
Dr Dakurah gave the assurance at the Union’s Annual General Meeting held in Wa over the weekend, which brought together members and management to discuss its performance and future plans.
“Our members’ savings are safe and secure, and management remains committed to strengthening operations and ensuring the long-term sustainability of the Union,” he said.
He added that management is enhancing the Union’s digital platforms to improve access and convenience for financial transactions. These platforms, including the shortcode 899131#, enable members to save and withdraw money regardless of their location.
Responding to a suggestion to introduce an award scheme for members, the General Manager indicated that the initiative had been halted due to certain challenges but noted that it was under review for possible reintroduction in an improved form.
Mr John Kofi Seidu, Board Chairman of WACCU, called on members to support the Union’s growth through increased shareholding and active participation in its activities.
He reminded members that the minimum share value had been revised from GH¢150.00 to GH¢300.00 to strengthen the Union’s financial base, and encouraged them to top up their shares accordingly.
Mr Seidu also disclosed that the Union declared a 20 per cent dividend, which was paid to members in February this year, urging those with concerns about payments to contact management for redress.
On governance, he announced the appointment of Mr Banabas Nair to the Supervisory Committee, bringing its membership to full capacity.
Mr Paul K. Zinyern, a member of the Union, appealed to management to incorporate local languages, particularly Dagaare, in presentations during annual meetings to enable non-literate members to better understand proceedings and contribute effectively.
GNA
Edited by Alice Tettey/Audrey Dekalu