The University of Cape Coast (UCC) Credit Union has been adjudged the 2024 Best Corporate Governance Credit Union of the Year by the Ghana Microfinance Institutions Network (GHAMFIN).

The ceremony, organised by GHAMFIN in collaboration with the Financial Inclusion Advocacy Centre, served as a gathering for industry leaders and professionals within the various bank and non-bank institutions. 

Themed, "Financial Inclusion, A Catalyst for the Growth of the Informal Sector", the event spotlighted the role that Non-Financial Institutions play in driving economic growth by serving as partners and advocates for small and medium-scale enterprises (SMEs). 

In an opening address by the Board Chairman of GHAMFIN, Mr. Bernard Joe Appeah stated that the award was part of efforts by the network to complement the effort of the Bank of Ghana in its plans to ensure sanity within the space.

He explained that the nominees underwent a meticulous evaluation process led by an unbiased team of industry experts to ensure fairness and transparency in the selection procedure. 

He mentioned that various categories were up for grabs, including "Most Gender Focused," "Contributions to Financial Literacy," "Best in Promoting Financial Inclusion," "Best Disability Product," and "Corporate Governance."

He congratulated UCC Credit Union on its award.

In an interview, the Board Chairperson of the UCC Credit Union, Mrs Charity Abraham, who received the award on behalf of UCC Credit Union, expressed her gratitude for the recognition and dedicated the award to customers of the UCC Credit Union.

"The award is dedicated to all stakeholders...Board of Directors, Manager, Management, staff, and committees of the Union. This goes a long way to enforce our commitment to offering the best credit union services to our members", she added 

The awards ceremony took place at the Wesley Towers 3 Ambassadorial enclave of the West Ridge in Accra.

Source: Documentation and Information Section-UCC