Volta Lake CU’s 2024 Achievements

  • Aug, Tue, 2025
  • News
  • 3 minutes Read

Landmark Year of Triumph

In a landmark year of triumph and transformation, the Volta Lake Co-operative Credit Union (VLCCU) Limited at Akosombo, Eastern Region, has recorded its highest-ever financial performance, solidifying its reputation as a rising pillar in Ghana's Cooperative Credit Unions finance sector.

Historic Surplus & Financial Strength

As of December 2024, the society posted a net surplus of Ghc157,594.28, marking a staggering 931.60% increase from its Ghc15,276.76 surplus in 2023. For the first time, VLCCU earned a prestigious Grade 'A' rating, symbolizing exceptional financial health, accountability, and service excellence.

Surging Growth Across the Board

At the 10th Annual General Meeting (AGM) and 25th Anniversary Celebration, Board Chairman Captain Seini Abdulai unveiled a series of remarkable financial gains:

  • Total Assets: Rose by 44.62% from Ghc2.17 million to Ghc3.15 million
  • Member Savings: Increased by 41.49% to Ghc2.51 million
  • Total Shares: Grew by 39.53%, reinforcing members' stake in VLCCU's prosperity
"Together, we have navigated economic uncertainties and built upon the solid foundation of our forebears," - Captain Abdulai

A Celebration of Legacy and Vision

The occasion, themed "Empowering Communities, Enriching Lives", featured tributes from distinguished guests including Hon. Angela Oforiwa Alorwu-Tay, Acting MD of the Volta Lake Transport Company Limited. In a speech delivered on her behalf by Mr. Godwin Owiredu-Yeboah, she praised VLCCU's journey, highlighting innovations in technology, governance, and member-focused services that go beyond banking—uplifting livelihoods and fostering financial literacy.

Endorsements from Stakeholders

From across Ghana's cooperative community, support poured in:

  • Dr. Stephen Torkpo, Eastern Chapter Chair of Ghana Cooperative Credit Unions Association, lauded VLCCU for its resilience and vision, urging continued focus and ambition.
  • Department of Co-operatives' Asuogyaman District Officer, Mr. Charles Amey Dzoboku, extended a solidarity message on behalf of the Regional Director.
The day culminated in the ceremonial cutting of the anniversary cake—a sweet reminder of VLCCU's transformation from a workplace-based credit union into a community-focused financial institution.

A Journey Rooted in Service

Founded on 5th June, 2000, under the Co-operative Societies' Decree (NLCD 252), VLCCU continues to stand tall—registered and affiliated with the Ghana Cooperative Credit Unions Association—as a model of what unity, vision, and good stewardship can achieve.

Growing Futures, Not Just Numbers

As members left the AGM satisfied and inspired, one truth echoed through Akosombo: VLCCU is not just growing numbers—it's growing futures.