Wa Community Cooperative Credit Union (WACCU) on January 25, 2022 partnered with the Wa Business Resource Centre as part of efforts by the financial institution to help grow businesses in the Upper West Region and beyond.
The partnership was preceded by the signing of a Memorandum of Understanding (MOU) that kick starts the new dawn of doing business in the Municipality and the Upper West Region at large.
At the launch, Board Chairman of WACCU, Mr. John Kofi Seidu said, the occasion promises to brighten the prospects of WACCU and also to further deepen the working relationship between WACCU and the Wa Business Resource Centre (BRC).
On his part, Supervising Manager of WACCU, Mr. Abraham Dakurah under whose auspices this prestigious relationship has been birthed indicated that, the move was a dream come true, despite the long time it took to be established, in his view, this is an opportunity that will enhance business growth and promote prosperity in region.
Mr. Abraham Dakurah further stated “Today will mark a different procedure in terms of how we deliver credit particularly to Micro Small Scale Enterprises (SME’s) sector in this region”. He bemoaned the difficulty in accessing Small Scale Enterprises (SME’s) as a result of the informal nature of majority of the businesses in the Municipality and the region at large.
He identified the poor records keeping character of most SME’s and seeming lack of future projection of growth rate as a serious impediment towards delivering credit to most of them. But the partnership with the Wa Business Resource Centre he added will help businesses formalize their operations and be guided in a step by step manner in their growth process.
Meanwhile, General Manager of the Wa Business Resource Centre Mr. Abu Ibrahim Tamah noted that the team tasked to manage the Wa Business Resource Centre during the start of their operations realized that most business owners did not have adequate knowledge about loans and other business management strategies, thereby arising the need for them to create partnership that will grow the business community in the Municipality and the region at large.
Mr. Ibrahim Tamah added, the government has launched into operation, some 37 offices of the Business Resource Centre’s across Ghana with 30 also completed and yet to be operationalized.
However, WACCU management used the opportunity and outdoored seven (7) new products for the business community in the area of loans and savings. The products include WACCU Kamboo loans, WACCU Micro loan, WACCU Nfintine loan, WACCU Meyiri loan, WACCU Zingpenne savings, WACCU Meyiri savings and the WACCU Kamboo savings for all its cherished customers across the region.