Accra: The Cooperative Credit Union of the University of Ghana recently organized its Annual General Meeting (AGM). Prof. William Coffie, speaking on behalf of the Chairman of the Board, highlighted significant improvements in major macro-economic indicators, including reduced inflation and policy rates, as part of the government's response to economic challenges.
According to Ghana News Agency, Prof. Coffie noted that economic indicators such as exchange rates, monetary policy rates, and treasury bill rates stabilized after a sharp decline in the second quarter, with the treasury bill rate notably decreasing from 30 percent to 11 percent. He emphasized that the University of Ghana Credit Union offered a strategic opportunity for growth, maintaining liquidity ratios and outperforming market volatility to deliver consistent value to its members.
Prof. Coffie reported a significant increase in total assets, rising from GHS 320.93 million in 2024 to GHS 404.77 million in 2025. Member deposits also saw growth, increasing from GHS 204.6 million in 2024 to GHS 241.79 million in 2025. Additionally, member savings increased by 41.13%, reaching GHS 73 million. Total loans rose to GHS 188.90 million in 2025, compared to GHS 167.42 million in 2024, while surplus growth increased by 22.05%, amounting to GHS 24.71 million.
Prof. Coffie proposed that, pending the general assembly's approval, a distribution of GHS 36 million of the surplus would entitle every member to a dividend of GHS 14 for every Cedi held in shares. The Credit Union's membership grew by 1,073, reaching a total of 11,429, as they aim to extend their common bond to more institutions and individuals.
The Board plans to expand their reach beyond the university community through new membership drives and the rollout of informal sector business products. Prof. Coffie stated that leveraging robust technology to improve processes and service delivery, combined with ongoing staff capacity building, would ensure world-class service and tangible value for members.
Mr. William Darle, the Registrar for Co-operatives, commended the Management Board for its corporate social responsibility efforts and encouraged the Union to continue supporting its community. Madam Millicent Adgyei Okuampa, representing the CEO of CUA, praised the impressive 2025 financial statement and acknowledged the donation of fifty beds to the University of Ghana Hospital Legon.