Co-operative Credit Union Regulations, 2015 (L.I. 2225)
Regulation 3: Co-operative Credit Union
(1) The purpose of a Co-operative Credit Union is to provide financial services to members of that Co-operative Credit Union.
(2) In furtherance of subregulation (1), a Co-operative Credit Union shall promote savings, lending, and operate in accordance with the following co-operative principles:
(a) membership is voluntary;
(b) membership shall not be based on gender, race, colour, ethnic origin, creed, or social or economic status;
(c) administration shall be based on democratic principles;
(d) education of members shall be a continuous process;
(e) a Co-operative Credit Union shall collaborate with other Co-operative Credit Unions to serve the members of the Co-operative Credit Union and communities at the local, national and international level; and
(f) the share capital shall yield a limited rate of dividend as prescribed by these Regulations or the by-laws.
(3) Despite subregulation (2), a person shall not hold an office in the management of a Co-operative Credit Unions Association unless that person is a Ghanaian.
Subject : Co-operative credit unions
Procedure to Follow
Not Avaiable
Responsible Institution
28th February Road, Finance Drv, Accra
- Email: info@mofep.gov.gh
- Website: www.mofep.gov.gh
- GPS: GA-144-2024
- Telephone: +233 302 747 197
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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