UG Credit Union Holds Annual General Meeting

Dr. Jonathan Nicholas Anaglo

The University of Ghana Co-operative Credit Union has held its 2018 Annual General Meeting on October 18, 2018 at the University’s Great Hall.

Dr. Jonathan Nicholas Anaglo, the outgoing Board Chairman of Board provided a healthy membership status and financial statement of the UG Credit Union, comprising the total assets and deposits, adding that the total membership which stood at 4,979 in 2014 rose to 7,370 in 2018 representing 48 per cent increase.

He noted that the new Credit Union edifice, which construction began in 2017, was completed with a total cost GH¢3.9 million. Dr. Anaglo acknowledged that during his tenure, the Credit Union Association of Ghana (CUA) in 2016, declared the University of Ghana Co-operative Credit Union the largest and overall best Credit Union in the country.

As part of its corporate social responsibility, the UG Credit Union made donations to the University of Professional Studies Accra, the Legon Police Station and the University of Ghana Alumni Association.

Mr. Mohammed Saani, an official from Co-operative Crédit Union (CUA), cautioned officers of the Union to tread cautiously in their dealings with other institutions due to the current turbulence in the financial sector. He further urged them to work harder to justify the confidence reposed in them by members. Words of felicitations greetings were received from various associations both within and outside the University.

Newly elected executive members were sworn in and introduced to members of the Union. Below is the list.


BOARD MEMBERS                 POSITION                               ASSOCIATION

Dr. Samuel N. Y. Simpson       Board Chairman                                UTAG

Mr. Karimu Gbene Suglo         Vice-Chairman                                  GAUA

Mr. Abdulai Faruku                 Treasurer                                           GAUA

Mr. Israel Goka                      Vice Treasurer                                   FUSSAG

Mr. Eric Kemeh                      Member                                             FUSSAG

Dr. Francis A. Adzei               Member                                             UTAG

Mr. Nii Torto Quao                 Member                                             TEWU

Mr. J. K Asumadu                   Member                                             TEWU



Mr. Michael A. Antwi                         Chairman                             GAUA

Dr. Jemima Asabea Anderson           Member                                UTAG

Mr. Richard Ofori                              Member                                FUSSAG

Mr. Noah Mensah Quarshie              Member                                 TEWU



Mr. Gilbert Boakye                            Chairman                                FUSSAG

Dr. Cletus Agyenim Boateng             Member                                   UTAG

Mr. Archibald A. Quaye                     Member                                   GAUA

Mr. Jerry F. Pengwane                      Member                                    TEWU



The University of Ghana Credit Union’s management team is made up of the following:

Manager – Mr. Francis Fiayiya


Manager – Mr. Francis Fiayiya

Dep. Manager (Operations) – Mr. Jacob Kenyenso

Dep. Finance Manager – Mr. Oliver Amoako

Head of Banking – Mrs. Awura Akua Amofa Bonney

Head of Marketing – Mrs. Akua Afriyie Osei-Assibey