Ghanaians urged to cultivate habit of savings

The General Manager of Ghana Credit Union (CUA), Mr Emmanuel Oduro Darko, has urged Ghanaians to cultivate the habit of savings to reduce poverty and stop the over reliance on politicians to better their lives.

He said poverty had become endemic in many communities in Ghana because people overlooked the importance of savings.

Mr Oduro Darko said government cannot put money in people’s pocket to alleviate poverty as had been the expectation of some people.

Mr Darko was addressing a durbar of the Eastern Regional Chapter of the CUA at Begoro to mark the International Credit Union Day.

He stressed the need for people to take their destiny into their own hands and save for their future, which he said is the best way for reducing poverty.

Mr Oduro Darko said over the years, many people who had joined the CUA had benefited in a number of ways from improving their businesses to acquiring basic life needs such as accommodations and cars for their comfort and development.

He said the CUA could boost of 550,000 members whose lives had improved tremendously.

CUA had also established an ultra modern training facility in Accra for periodic training of its staff.

Mr Jacob Ashietey, Regional Manager of CUA, said at the end of the financial year in June last year, membership in the region stood at 15,000.

He said the Region would embark on series of radio programmes to create awareness.

Mr Ashietey noted that many financial institutions are charging exorbitant profits on loans to market women and small scale enterprises and urged the beneficiaries to take advantage of CUA.

The Fanteakwa District Chief Executive, Mr Abass Fuseini, urged CUA to create awareness of their operations, which he said could reduce poverty to the barest minimum.

Source: GNA