Ramseyer Credit Union Marks 25 Years, Urges Stronger Regulations
The Ramseyer Cooperative Credit Union has celebrated its 25th anniversary with a strong appeal to government to strengthen financial regulations to safeguard the operations of credit unions across Ghana. Speaking at the milestone event in Kumasi, Chief Executive Officer Kennedy Yeboah highlighted the crucial role of credit unions in expanding financial inclusion, especially for low- and middle-income earners who often lack access to mainstream banking services. Mr. Yeboah stressed that despite remarkable progress in the cooperative sector over the past decades, weak regulatory frameworks and emerging risks in the financial landscape continue to pose challenges. “Government must look at the legislation that requires credit unions to be efficient, so that the unions can work hand in hand with government to achieve the results we want,” he urged. He emphasized that stronger financial oversight would not only protect members’ hard-earned savings […]