From Sebastian R. Freiku, Kumasi
The Komfo Anokye Teaching Hospital (KATH) Co-operative Credit Union (CCU) has recorded a net profit of GH¢4,958.680 in 2015, representing 65% growth as against GH¢3,214.342 in 2014.
Total assets of the Union also grew from GH¢4,058.680 – indicating an increase of almost 80 percent over last year’s figure. The Union’s investments also saw a rise from GH¢3,214,342 in 2014 to GH¢3,331,986.02 in 2015, representing an increase of 65 percent.
The Board Chairman of the Union, Dr. Charles Anane, who disclosed these at the Union’s 8th Annual General Meeting (AGM) in Kumasi at the weekend, explained that the union has granted loans to the tune of GH¢1,296.047.83 this year for the benefit of its members.
Dr. Anane admonished members to continue to save and to enhance their savings habit which is paramount to the vision of the Union. According to him, the Union membership shares had gone up to GH¢300 from GH¢100 as directed by Credit Union Association (CUA), but a member could hold shares up to any amount higher than 200 but less than 20 percent of the Union’s total assets, adding that the total shares of members in the Union have gone up to GH¢431,195.22 as compared to GH¢364,483.68 last year.
Dr. Anane, commended the directors of the Board, Executives and the Manageress and staff of the Union for their untiring efforts to make good of the faith they have placed in all of the members to deliver only the best.
Mrs. Christiana Atakora, the manager of the (KATH-CCU) said in spite of successes chalked the Union will be working towards improving quality of their services to all members of the Union.
She encouraged the members to enhance their savings habit and also top up their minimum shares to enable them participate fully in all the activities of the Union as Shareholders.
Mrs. Atakora said total membership of the Union has increased to 2,394 -comprising 1,545 females, 804 males and 45 groups with total staff strength of the hospital currently estimated to be 3,821.
At the KATH CCU annual general meeting were Dr. Joseph Akpaloo, Chief Executive Officer (CEO) of the hospital, Mr. George Tetteh, Director of Administration, Mr. Emmanuel Oduro- Darko, General Manager (CUA) Ghana, and Charles Offeh, Kumasi Metro Director of Cooperatives.