Change of Fund Managers for Susu Investment Fund (SIF)
At the 11th Annual General Meeting (AGM) of Ghana Co-Operative Susu Collectors Association (GCSCA), held on 19th October, 2017 at Maxlot Hotel, a resolution was passed by members to change the fund managers for the Susu Investment Fund (SIF).
The SIF is a statutory fund set up by the Association and Bank of Ghana for licence operators. Payments to the fund is monthly contribution and it’s based on the monthly mobilization from clients. This fund serves as a primary reserve and an insurance cover for members against future uncertainty once they remain in business.
The fund attracts interest on the compounding principal amount contributed and can easily be assessed by members. Therefore GCSCA wishes to inform the general public that Security and Exchange Commission (SEC) accredited Fund Managers who have the capacity to manage the (SIF) of members of GCSCA should drop a hard copy proposal at the National Secretariat at Kokomlemle opposite Accra Technical Training College (ATTC) or call the office line for directions and further details.