Co-operative Credit Union Regulations, 2015 (L.I. 2225)
Regulation 19: Investment
(1) A Co-operative Credit Union may invest part of its funds.
(2) Where a Co-operative Credit Union decides to invest part of its funds, the Co-operative Credit Union shall invest in
(a) deposits in the Co-operative Credit Unions Association;
(b) shares of the Co-operative Credit Unions Association;
(c) bank deposits;
(d) treasury bills and bonds issued by the Government of Ghana;
or
(e) any other investments approved by the Agency in consultation with the Co-operative Credit Unions Association.
(3) The aggregate investment of a Co-operative Credit Union in investments from other Co-operative Credit Unions shall not exceed one percent of the assets of the Co-operative Credit Union.
(4) Despite subregulation (1), a Co-operative Credit Union may invest in real property and equipment for the purposes of the conduct of the business of the Co-operative Credit Union.
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
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