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Wa Community Cooperative Credit Union increases profit margin by 141 percent in 2023

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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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Justin Kodua Frimpong files nomination to seek re-election as NPP General Secretary

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General Secretary of the New Patriotic Party (NPP), Justin Kodua Frimpong, has filed his nomination to contest the position of General Secretary again as the party begins its rebuilding efforts ahead of the 2028 general elections.

He was accompanied by party stalwarts and supporters who were in high spirits, expressing confidence that he is the right person to hold the position.

Speaking after filing his nomination, Mr Kodua Frimpong assured the rank and file of the party that he would not disappoint them.

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“I can assure you that the faith the rank and file of the party have had in me, I will never disappoint them,” he said.

He also pledged to run a clean campaign devoid of personal attacks.

“I can assure you that our internal campaign will be devoid of personal attacks,” he told his fellow contestants and the rank and file of the party as he seeks to retain his position.

His tenure has seen the party through the 2024 general elections, where the NPP lost power to the National Democratic Congress (NDC) after eight years in government.

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The party is currently in a rebuilding phase, with internal elections scheduled to elect new national executives to lead its reorganization towards the 2028 polls.

The General Secretary position is considered one of the most influential in the party’s administrative structure, responsible for the day-to-day running of the party secretariat and implementation of party decisions.

By Edem Mensah-Tsotorme

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UGMC disputes Michael Blackson’s claims over late mother’s treatment

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The University of Ghana Medical Centre (UGMC) has disputed claims made on social media by comedian Michael Blackson concerning the treatment given to his late mother, saying a review found that the allegations did not accurately reflect what happened during her stay at the hospital.

In a statement issued in Accra on August 5, 2026, the management of UGMC expressed condolences to Mr. Blackson and his family over the death of his 83-year-old mother, who died at the facility on July 16, 2026.

The hospital said it had taken the concerns raised by Mr. Blackson seriously and conducted a thorough review in line with its clinical and administrative procedures.

According to the statement, the facts presented by Mr. Blackson on social media contained “numerous inaccuracies” and did not accurately reflect the medical care provided to his mother.

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UGMC explained that she was referred to the facility from another hospital and received treatment there from May 27 to July 16, 2026, a period of about eight weeks.

The hospital stated that it would not release details of her diagnosis, treatment, medical records or other aspects of her care because it had a duty to protect patient confidentiality, even after death.

It said the decision was intended to respect the dignity of the deceased and the privacy of her family.

UGMC further stated that all clinical decisions at the facility are made by qualified healthcare professionals based on medical judgment, established standards of care and the best interests of the patient.

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The statement added that such decisions are made in consultation with authorised family representatives where necessary and that billing and financial procedures are governed by institutional policies and are separate from clinical decision-making.

The hospital noted that it values feedback from patients and their families and considers both positive and negative comments important for improving the quality of care.

Mr. Blackson had earlier used social media to criticise the care his mother received at UGMC, prompting the hospital’s response.

By: Jacob Aggrey

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