The Ghana Co-operative Credit Unions Association (CUA) has appealed to government to take urgent steps to have their locked-up funds as a result of the banking sector cleanup released to its struggling members.
The Association says its members have more than 180 million Ghana Cedis, locked up with thirty-one financial institutions.
Twenty-one of these institutions which are now defunct, owe them over 130 million Ghana Cedis.
The remaining ten existing financial institutions are holding over 50 million, Ghana Cedis in locked-up funds.
Addressing President Akufo-Addo at the Jubilee House when they paid a courtesy call on him, President and Chairman of the CUA Board, Dr. Bernard Bingab, said while CUA recognizes the intervention of government in the financial sector clean-up, members of the Association are struggling because a significant part of their investment funds are locked-up.
President Akufo-Addo assured the CUA Executives that their funds will be released to them “as soon as possible.
