The board of GCSCA has entered into an agreement with Pan African Savings and Loans to enable members of GCSCA access a credit facility from Pan African Savings and Loans at minimal rate to expend their operations. This credit facility is assessable for members who have been in operation for more than two years and also considered as members of
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The annual subscription fee of members was increased from GHc170 to GHc200 at the 11th AGM of the association held on October 19, 2017 at Maxlot hotel in Accra. This new increment will take effect from the year 2018. Members of GCSCA are to take note of the increment of the annual subscription fee of the association and comply accordingly.
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Introduction Traditionally Susu has been one of the oldest forms of savings methodology in Ghana. Thriving on the backdrop of interpersonal relationships, trust and confidence, this form of business operation has been able to withstand the test of time. Today almost all the Commercial Banks and Non-Banking FinancialInstitutions (NBFIs) use this model to mop up funds from clientswithin the informal
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At the 10th AGM, delegates elected the new Board of Directors for the Association. The election was conducted and supervised by the registrar’s office, Department of Cooperatives. Nominations were opened for vacant positions on the board. Three persons were nominated for the Presidential’s position. The rest of the executive positions, had one nomination each. For the Presidential position, Rev. Peter
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The monitoring and supervision unit of the Association has concluded the fourth quarter onsite examination of members whose licenses will expire this December. A report on the activity will be submitted to the Other Financial Intuitions Supervision Department (OFSID) of Bank of Ghana together with the preprinted licenses for endorsement by the Head.
Read moreThe sub-committee of the board will be having its last quarter meeting this year on 13th December, 2017. The committee will be tasked with reviewing the 2018 annual budget submitted by management and make recommendations to the board for approval. The committee will also use the opportunity to review the financial performance of the Association in 2017 and make some
Read moreThis is to inform our members and the General Public that, the National and Regional Secretariat will break on Friday 22nd December, 2017 for the Christmas and the new year holidays and resume on Friday 5th January, 2018.
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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
Read moreThe 11th Annual General Meeting of the Ghana Cooperative Susu Collectors Association (GCSCA) was organized at Maxlot Hotel in Accra on 19th October, 2017. Accredited delegates from the 9-administrative regions joined their counterparts in Accra for the event. In attendance was major stakeholders such the Ministry of Finance (Financial Sector Division), Ghana Microfinance Institutions network (GHAMFIN), Apex Microfinance Associations representatives,
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