Edwumapa embarks on savings education

Winneba (C/R), Oct 4, GNA – The Winneba-based International Labour Organisation -assisted Edwumapa Co-operative Credit Union (ECCU), has embarked on massive sensitisation programme to inculcate the habit of savings in three administrative areas in the Central Region.

The beneficiary neighbourhoods are Awutu/Senya, Gomoa and Affutu.

Mr Kingsley Arkoh-Sam, Manager of the ECCU announced this when the sensitisation team explained the tenets of the union to more than 200 people at Apam, Winneba, Kojobeedu and Dwama communities at the weekend.

Mr Arkoh-Sam said the union has plans to assist people who are pursuing small-scale businesses in the area to expand production by embracing the habit of savings.

He said if a group of 50 small-scale entrepreneurs decide to come together and formed a credible business entity they would be able to raise GH¢600,000 in six months to qualify them for a big loan to support their ventures.

This, Mr Arkoh-Sam explained, could be done through daily savings of GH¢1.00 per a member.

Madam Grace Love Osae, Board Chairperson of the Union said the ECCU would continue to give maximum support and encouragement to members of all small-scale entrepreneur groups in the area who had partnered with the body to pave the way for greater achievement to enable them enjoy better lifestyles.