News
“Take financial risk to enhance economic independence”
Women have been encouraged to take calculated financial risks to enhance their economic independence and ease the financial pressures on their husbands.
Dr George Akumfi Ameyaw, Board Chairman of the Cocoa Research Co-operative Credit Union (CRCCU), emphasised that men often bear the brunt of multiple responsibilities, including catering for family needs such as housing, education, and health care.
These pressures, he explained, frequently compel men to take loans, which can strain their financial stability.
Speaking at the CRCCU’s Annual General Meeting (AGM) held at Tafo under the theme: ‘Wealth Creation through Co-operative Finance,’ Dr Ameyaw highlighted the importance of shared financial responsibilities within families.
He urged women to step in and support their spouses when they have the capacity to do so.
The AGM provided an opportunity for CRCCU management to account to members on the union’s finances, policies, and resolutions necessary for its growth.
“Women, he observed, are generally more cautious when it comes to borrowing.
Many women fear being labeled as borrowers and were mindful of protecting their financial reputation,” he said.
“While this careful approach minimises risks, it can also slow their personal and financial growth,” he added.
Dr Ameyaw then encouraged women to reconsider their reluctance and see credit as a tool for achieving their goals, expanding businesses, and supporting their families.
“With proper planning and a steady income, women can responsibly take on credit to ease the financial load on their husbands. Greater participation by women in credit schemes will foster shared responsibility and mutual growth within households,” he explained.
He further highlighted the role of cooperatives like CRCCU in providing a sustainable pathway to financial stability.
Supervised by the Bank of Ghana and the Cooperative Union Association, he said the CRCCU offered transparent and secure financial services and added that members were encouraged to save regularly, build wealth through dividends, and access loans to fund critical projects.
“By leveraging cooperative funds, both men and women can access financial resources, ensuring a balanced and sustainable approach to wealth creation,” he indicated.
Dr Ameyaw mentioned that families could achieve stability and progress by embracing financial opportunities responsibly, with women playing a pivotal role in alleviating the financial strains on men.
From Ama Tekyiwaa Ampadu Agyeman, Tafo
UBA Ghana last week celebrated Africa Day across its head office and business offices nationwide.
The colourful celebration was organised under the theme, “reimagine Africa.”
The event highlighted the richness of African culture, unity, and creativity through vibrant displays and employee participation.
Staff turned up in beautiful traditional attire representing diverse ethnic groups and cultures from across the continent, transforming the workplace into a lively showcase of African identity and pride.
A highlight of the celebration was a spirited “Best Dressed” competition, which added excitement and friendly rivalry among employees.
Speaking on the significance of the day, Mr Henry Nii Dottey, Regional Head, Marketing and Corporate Communications, MCC West Africa–Anglophone and Country Head, MCC Ghana, noted that the bank continues to champion Africa’s place on the global stage.
He emphasised UBA’s Pan-African vision of promoting unity, respect, and a shared sense of identity through its operations.
The celebration also underscored UBA’s commitment to facilitating trade across the continent.
Customers were also treated to local refreshments, adding a warm community touch to the festivities and reinforcing the bank’s connection with the people it serves.
The National Media Commission has appointed Dr Isaac Okpoti Nai as the new Managing Director of New Times Corporation, publishers of Ghanaian Times and The Spectator newspapers.
In an engagement with staff of the Corporation today, June 5, 2026, Dr.Nai, expressed his appreciation to everyone for holding the forth and contributing to the growth of the company.
He said, his leadership philosophy is based on professionalism, integrity and team work.
The new Managing Director said, he will be on a journey which would require everyone to take ‘ownership’.
” You need to work as though the company belongs to you. You are not doing it for me, take ownership, let’s work as a team,” he stressed.
With this, he said “we will be able to grow and sustain NTC. Let’s respect deadline and time.”
Dr.Nai pleaded with the staff to play their roles effectively to add value to NTC.
The Board led by Prof Kwamena Kwansah-Aidoo expressed his excitement and wished the new MD and staff well in the years ahead.
The Chairperson of the Interim Management Committee, Dr.Charity Binka urged the staff to give the new MD their utmost support to help him succeed.
The appointment dated June 5, 2026, was done by the National Media Commission (NMC) In consultation with His Excellency the President of Ghana.
The appointment is in accordance with Article 168 of the 1992 Constitution of the Republic of Ghana and section 2(1)(e) of the National Media Commission Act, 1994 (Act 449).
Dr. Isaac Okpoti Nai is a management executive, academic, and corporate leader with over 25 years of professional experience spanning financial management, corporate governance, strategic planning, internal audit, risk management, and organisational development across Ghana and the United Kingdom,.
Before this appointment, Dr. Nai served as General Manager, Finance and Administration at the State Housing Company Limited.
Dr.Nai has held senior leadership positions with the Ghana Integrity Initiative (Transparency International Ghana), Central Region Development Commission, London Borough of Croydon, London Borough of Merton and Ananemantey & Co. His experience covers both public and private sector institutions, including donor-funded organizations, local government authorities, financial institutions, and higher education establishments.
As an academic, he has lectured in Accounting, Finance, Taxation, and Management, contributing to the development of future business leaders and professionals.
Dr. Nai holds a Doctor of Business Administration (Financial Management) from Anglia Ruskin University, United Kingdom, an MBA in Finance and Strategic Management from the University of Greenwich, and a B.Sc. (Hons) in Accounting from Oxford Brookes University. He is a Fellow of the Association of Chartered Certified Accountants (FCCA) and a member of the Institute of Chartered Accountants, Ghana (ICA).
Throughout his career, Dr. Nai has been recognised for strengthening financial controls, improving organisational performance, leading transformational initiatives, and providing strategic leadership that delivers sustainable growth and value creation.
By Edem Mensah-Tsotorme
