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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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Health Minister leads delegation Mimi Darko’s appointment as AMA Director General
Kwabena Mintah Akandoh, Minister for Health and Member of Parliament has led a delegation to secure the appointment of Dr Delese Mimi Darko, Chief Executive Officer of the Food and Drugs Authority, as the Director General of the African Medicines Agency (AMA) during the ongoing 2nd Ordinary Session of the Conference of State Parties in Kigali, Rwanda.
This prestigious appointment, achieved through a competitive process, marks a proud and historic moment for Ghana and the entire continent.
It highlights Dr. Darko’s exceptional leadership, professionalism, and unwavering commitment to enhancing public health and regulatory systems across Africa.
The Minister expressed his deep appreciation to President John Dramani Mahama for his strong support and leadership throughout this process.
Mr.Akandoh congratulated Dr. Mimi Darko and Team Ghana for their incredibly successful campaign.
The AMA was established by the African Union on November 5, 2021, with the primary objective of improving access to quality, safe, and effective medical products throughout the continent. Its creation aims to facilitate the regulation and oversight of essential medicines at a continental level while promoting collaboration among African countries and regions.
The Agency’s mission is to provide leadership in creating an enabling regulatory environment for the pharmaceutical sector in Africa, ensuring that the African population has access to essential medical products and technologies.
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Police arrest five suspects involved in robbery cases in Ashanti Region
The Police Intelligence Directorate (PID) in the Ashanti Region has informed the public about a recent breakthrough in the fight against armed robbery in the Denchemuoso District.
Following a series of robbery incidents in the area, on April 22, 2025, PID/Ashanti operatives, acting on credible intelligence, apprehended one Michael Owusu Ansah, alias Baby Last, aged 32.
The suspect had been on the police wanted list since 2016 in connection with a robbery and the murder of Police Officer G/Cpl Frank Essel of SWAT/Ashanti, which occurred at the Open Space Hotel in Denchemuoso on May 19, 2016.
During interrogation, the suspect confessed to engaging in multiple street and residential robberies in Denchemuoso, Atwima-Techiman, Asuoyeboah, and surrounding areas.
He also disclosed that his gang operated with knives, pistols, and pump-action guns.
Further investigations led to the identification and arrest of his accomplices, namely:Emmanuel Owusu, alias Cassidy, Maxwell Gyimah, alias Nana Kwame, Sudais Oxford Ntiamoah, alias The Man Sudais and Rhano Okyere, alias Demon
These individuals were arrested from their hideouts within Atwima-Techiman and Denchemuoso.
However, one suspect, remains at large and efforts are underway to apprehend him and recover the weapons used in the robberies.
All five arrested suspects were arraigned before the Atasomanso Circuit Court on May 13, 2025.
They were remanded into police custody and are scheduled to reappear on June 4, 2025.
