Susu Collector’s Contribution To Ghana’s GDP

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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Elections of Board of Directors

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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RENEWAL OF BANK OF GHANA LICENSE

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.

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AUDIT AND FINANCE COMMITTEE MEETING

The 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

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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

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INVITATION TO 11TH ANNUAL GENERAL MEETING (AGM)

The 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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SUSU PERSONALITY OF THE MONTH, APRIL, 2016

Indeed, the Ghana Co-operative Susu Collectors Association has come a long way in offering convenient financial services to many Ghanaian households” this is wholly due to the good work done in the background by its loyal members. In a bid to honour such outstanding personalities’ Mr. Emmanuel Quarshie, is being profiled to share what has made his business successful and

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Election Of Board Of Directors

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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