Department of Co-operatives registers 100 credit unions

The Ashanti Regional Office of the Department of Co-operatives has within the past five years registered 100 credit unions in the region.

Mr Kofi Nsiah Amponsah, the Regional Director of the Department, said given the crucial role the credit unions are playing in the fight to reduce poverty, his office would do everything to assist them.

Speaking to the Ghana News Agency (GNA) in Kumasi, he commended the unions for supporting their members to go into viable economic ventures.

Mr Amponsah identified loan delinquency and internal power struggles as major challenges faced by the unions, which needed to be tackled to achieve optimal performance.

The co-operative concept, he noted, was important for the agricultural and transport sectors and should be adopted by people in these sectors to boost production.

Mr Amponsah said his department was stuck with a number of the problems of inadequate staff, lack of transport and computers and appealed to the government to help them address these concerns.

Source: GNA

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