WOCCU Board Members Make Historic Visit to Ghana
Stapp, Ototo examine credit union sector successes, challenges in West African nation
November 04, 2019
MADISON, Wis.—Two World Council of Credit Unions’ (WOCCU) Board Directors recently made history, becoming the first members of the WOCCU Board to ever visit Ghana—a West African nation home to nearly 600 credit unions.
WOCCU Board Chair Steve Stapp, who also serves as President and CEO of Unitus Community Credit Union, and Director George Ototo participated in several meetings with Ghana Co-Operative Credit Union Association (GCCUA) General Manager Emmanuel Coffie and his staff. GCCUA is one of five African credit union associations that is a direct member of World Council.
GCCUA staff had several questions for Stapp and Ototo, on subjects that included board governance and election best practices, how to grow the credit union sector and when WOCCU officials could return to Ghana.
The WOCCU Board members also toured the GCCUA Training Center, which is comprised of training and meeting rooms, and a housing complex for attendees. GGCUA has completed training for over 900 individuals in the credit union sector there, including employees and board members.
Stapp and Ototo also visited:
- Queen of the Peace Cooperative Credit Union.
- Controller and Accountant General Cooperative.
- Hydro Cooperative Credit Union—which included a tour of the Akosombro Dam that provides 60% of the power in Ghana.
Despite difficulties in the banking sector, with a lockup of liquidity, the duo found the credit unions of Ghana to be thriving and growing—with a dedication to providing vital services for their communities and nation.
“Credit Unions are playing a significant role in the economy of Ghana as they connect individuals to the financial sector and provide a means for them to access capital and save for the future,” said Stapp. “Ghana Co-Operative Credit Union Association plays an important role in supporting the sector through training, advocacy, and providing connectivity to the rest of the world.”
About Unitus Community Credit Union
Unitus Community Credit Union is passionate about helping people in the Northwest get smart about their money and take control of their bright future. At Unitus, we are dedicated to doing the right thing for our community with low rates on loans, high returns on savings, 24/7 mobile banking access and neighborhood branches throughout Portland Metro. We believe in committing to our members and personally walking them through their journey toward bigger and better personal benchmarks. Learn more about us at unitusccu.com.
World Council of Credit Unions is the global trade association and development platform for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.
World Council has implemented 300+ technical assistance programs in 90 countries. Worldwide, 86,055 credit unions in 118 countries serve 291 million people. Learn more about World Council's impact around the world at www.woccu.org.