The Oil and Gas Co-operative Credit Union (OGCCU), headquartered at the BOST Depot in Kumasi, has recorded a significant growth in assets, rising to GH¢6,808,581.06 in 2024 from GH¢3,264,564.85 in 2023, representing a 100 per cent increase.

The milestone was announced at the Union’s 4th Annual General Meeting (AGM) held at the BOST Depot in Kaase, Asokwa Municipality.

Ing. Gideon Amewugah Kumah, Board Chairman of OGCCU, in presenting the report, said the Union’s total income grew by 66 per cent to GH¢978,352 in 2024, compared to GH¢587,925 in 2023.

Members’ deposits rose by 150 per cent to GH¢5,592,591.39, while members’ shares increased by 73.3 per cent to GH¢681,476.37. Membership also climbed by 40 per cent, from 1,416 to 1,983 during the period.

He said members would be rewarded with a proposed payout of GH¢46,652.20 from the net surplus of GH¢143,626.00, representing a 10 per cent return on shares, pro-rated by share purchase timelines.

For 2025, the Board plans to strengthen internal controls, enhance staff training, intensify membership recruitment, and improve operational efficiency to sustain growth and service delivery.