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Wa Community Cooperative Credit Union increases profit margin by 141 percent in 2023
In spite of economic challenges in the country last year, the Wa Community Cooperative Credit Union at Wa in the Upper West Region was able to raise its profit margin by 141 percent in 2022.
According to the annual performance report read by the Board Chairman of the WACCU, Mr Kofi Seidu, the Union recorded a resounding profit growth of GHS1,715,728.26 last year compared to GHS711,515.41 in 2021.
The Board chair noted that with the growth in gross revenue in the year under review emanating from an 8 percent growth in membership, it was not surprising that profit margin of the union soared.
Mr Seidu who made this known at the annual general meeting of the union at Wa said membership of the union grew from 16,067 in 2021 to 17,333 in 2022.
The AGM which involved both staff and members of the union as well as the old and new board members was used to take stock of activities of the union for 2022 and also draw an effective strategy on sustaining and growing the gains this year.
He hinted that the Union had not witnessed such an appreciable growth in profit in the last four years and was confident that it would help strengthen the capital adequacy ratio of the financial institution.
“Our union performed excellently with regards to revenue mobilization as gross revenue grew from GHS4,327,792.11 to GHS6,170,701.76 representing a 43 percent growth”, he announced.
The Board Chairman mentioned that achievements were made possible as a result of the contribution of both staff and members of the union and commended them for the unrelenting effort dedicated to the growth of the union.
“The educational and outreach campaigns of the Board and management also made great contributions to our ability to win new members while retaining a significant chunk of our existing members”, he explained.
He said according to the strategic plan laid down to enhance activities of the WACCU and also improve upon revenue mobilization, the Education committee of the union would intensify promotion and publicity by sponsoring programmes at selected radio stations to play jingles and other forms of advertisement as well as community outreach programmes for growth.
He appealed to members to continue to work hard for the growth of the union to ensure that WACCU survived the test of time.
FROM LYDIA DARLINGTON FORDJOUR, WA
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Focus on more pressing issues like Galamsey, not hate speech – Ellen Ama Daaku to Mahama
An aide to former Vice President Dr. Mahamudu Bawumia,Ellen Ama Daaku has advised President John Dramani Mahama to shift his attention from social media hate speech to more urgent national issues such as illegal mining.
Speaking in an interview, she noted that the President’s recent comments about tracking the IP addresses of people who spread hate speech were unnecessary.
According to her, President Mahama must first define what he considers to be hate speech before seeking to punish people for it.
Ms. Daaku argued that the President himself had benefitted from hate speech and social media attacks in the past when he was in opposition.
She said even during his time in government, he described his opponents and their tribesmen in unpalatable terms, which later drew complaints from former President Nana Akufo-Addo to the Catholic Bishops’ Conference.
She stressed that harsh criticism of leaders on social media should not automatically be considered hate speech, adding that former leaders, including former President Nana Akufo-Addo had all been subjected to it.
“He is only feeling what Nana Akufo-Addo went through for eight years,” she remarked.
While acknowledging the need to regulate misconduct online, Ms. Daaku insisted that going after social media activists should not be a priority.
She noted that many political activists, including herself, had been insulted and attacked online but never called for arrests.
She concluded that President Mahama should focus his energy on solving pressing problems such as galamsey and the economy instead of concentrating on critics on social media.
By: Jacob Aggrey
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Prof Alidu Seidu files nomination for Tamale Central seat
The newly elected parliamentary candidate of the National Democratic Congress (NDC) for Tamale Central, Prof Alidu Seidu, has submitted his nomination forms to the Electoral Commission.
As of 10:00 a.m. today, he was the only person who had filed to contest the seat.
Nomination of candidates will close at the end of the day.
Associate Professor and Head of the Political Science Department at the University of Ghana Legon, Prof. Alidu Seidu won the National Democratic Congress (NDC) parliamentary primaries in the Tamale Central constituency with a landslide victory.
The elections, supervised by the party’s Elections and IT Directorate in the Northern Region, saw Prof. Seidu poll 840 votes out of the total valid ballots cast.
His closest contender, Lawyer Hanan Gundadow Abdul-Rahaman, secured 536 votes.
The other aspirants could not make significant gains, with Dr. Seidu Fiter obtaining 44 votes, Aliu Abdul-Hamid 23 votes, and the rest recording fewer than 10 votes each.
In all, 1,500 ballots were cast, with 6 ballots rejected and 7 spoilt ballots recorded.
The results were signed and declared by Dr. Arnold Mashud Abukari, NDC Northern Regional Director of Elections and IT.
The National Democratic Congress (NDC) held parliamentary primaries in Tamale Central to choose a candidate for the upcoming by-election following the death of the sitting Member of Parliament, Dr. Ibrahim Murtala Mohammed. Dr. Mohammed, who also served as Minister for Environment, Science, Technology and Innovation, tragically died in a military helicopter crash in the Adansi Akrofuom District on August 6, 2025, alongside seven others.
His passing left the Tamale Central seat vacant, as required by Ghana’s 1992 Constitution.
The Electoral Commission has scheduled the by-election for September 30, 2025. While the NDC moved quickly to open nominations and vet aspirants, the New Patriotic Party (NPP) announced it would not contest the seat, citing the need to respect the somber circumstances and promote national unity.
By: Jacob Aggrey
