Regular savings key to financial independence
Regular Savings have been identified as a key strategy to make people financially independent.
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According to the Chairman of the Associated Teachers Cooperative Credit Union Limited (ATCCUL), Mr Nkansah Agyei-Owusu, who gave the advice, most Ghanaians lack the culture of regular savings and that has brought financial woes on them.
He was speaking at the association’s eighth Annual General Meeting held on the theme, “Regular Savings; fuel for transforming lives”.
Mr Agyei-Owusu said most Ghanaians lacked the discipline to save and that had brought financial burdens to them and their families.
“We must encourage people to inculcate the habit of saving because it holds the key to securing their future. Our future security is built on our tendency to adopt regular savings,” he said.
ATCCUL performance
Mr Agyei-Owusu said in spite of the numerous economic challenges the nation faced, ATCCUL was able to attain its target.
“In view of all these challenges, ATCCUL remained resolute and in diverse ways changed the lives of most co-operators and non-co-operators alike.
Mr Agyei-Owusu said the association would continue to devise effective mechanisms to enhance its operations and bring the deserved rewards to its members.
“Over the past years, our effort has been to bring out innovative means of growing the businesses of our members and we intend to do more in the coming years,” he said.