The Anglican Diocese Co-operative Credit Union has celebrated its 25th anniversary with a remarkable financial milestone—recording GHC 36 million in total assets. The celebration, held in Kumasi, brought together stakeholders, clergy, shareholders, and dignitaries to reflect on the union’s journey from humble beginnings to becoming a financially strong institution.
Delivering the keynote address, Board Chairman Dr. Prempeh recounted the union’s growth since its inception in 1999. He revealed that the union was founded as a corporate social responsibility initiative by the Kumasi Anglican Diocese under the visionary leadership of Rt. Rev. Major (Rtd) Daniel Yinkah Sarfo.
“As a retired military officer, Bishop Yinkah Sarfo instructed all clergy under his leadership to receive their stipends through the union, encouraging wide participation and early shareholder growth,” Dr. Prempeh stated.
He praised the resilience and entrepreneurial spirit of the founding board members and early staff, which he said played a pivotal role in steering the union through early challenges. “What started as a seed has grown into a mighty tree because of vision, discipline, and commitment,” he emphasized.
Dr. Prempeh highlighted that in the past five years alone, the credit union’s assets grew from GHC 13 million in 2021 to GHC 36 million in 2024. He credited this success to a strategic management plan and the transformational leadership of the new Chief Executive Officer, Mrs. Dorcas Agyeman Azorliade.
“Our growth is not accidental—it is the result of hard work, consistency, and sound leadership,” he said. “Mrs. Azorliade has brought a dynamic and versatile approach that is reshaping the union for a stronger future.”
He further revealed that the board is proposing a 30% dividend on all member shares this year. Additionally, the union has donated GHC 25,000 to support the HEAL KATH Project, in response to a fundraising call by the Asantehene, Otumfuo Osei Tutu II.
Rt. Rev. Oscar Amoah, Anglican Bishop of Kumasi, in his welcome address, expressed profound joy at the credit union’s development over the years. “This growth is a reflection of the trust and support our members have given. We are proud of what we have built together,” he said.
Guest speaker, Professor Charles Akowuah Bonsu, commended the leadership of the credit union and urged members to invest more by purchasing shares, stressing that greater investment would lead to higher returns and more benefits for all.
Regional Manager of the Credit Union Association (CUA), Mr. Kwame Agyapong, also addressed the gathering. He cautioned members and management against complacency and encouraged them to embrace innovation, remain resilient, and adapt to changing economic landscapes.
In a short address, newly elected Board Chairman Nana Frimpong Addai Bediako pledged to work diligently with the board and management to sustain the union’s growth and enhance member benefits.
“As I take up this new role, I am fully committed to the vision of this great institution and will ensure we reach even greater heights together,” he assured.
The 25th-anniversary celebration served as both a reflection on the union’s rich legacy and a renewed call to action for continued unity, financial discipline, and innovation.
