Micro-Credit Association Ghana (MCAG) has recorded a total income of GH¢3.534 million in 2025, up from GH¢2.433 million in 2024, which constitutes an increase of approximately 45 percent.

Its core revenue rose to GH¢2.725 million from GH¢2.079 million within the same period, according to its audited financial performance report for the year ending 31 December 2025.

Benjamin Tuckson Jr, Board Chairman of MCAG made these disclosures during the 2026 Annual General Meeting in Ho.

The three-day event is under the theme, “Driving Progressive Microfinance Sector Reforms: The Role of Delegated Supervision and Regulation.”

He said investment income increased to GH¢104,367, from about GH¢63,904 and other income amounted to approximately GH¢704,737.

He said membership subscriptions contributed approximately GH¢1.351 million, while registration fees contributed approximately GH¢582,000.

General administration expenses increased from approximately GH¢2.059 million in 2024 to GH¢3.213 million in 2025, while expenditure supports programme delivery and institutional development; the Board recognises the need for careful cost management and clear value for members.

The Board Chair indicated the Association recorded a surplus of GH¢320,818, compared with GH¢374,184 in 2024 with its accumulated fund increased to GH¢ 2.761 million, from GH¢2.440 million, while total assets rose to GH¢3.626 million from approximately GH¢2.808 million.

Cash and bank balances, according to Tuckson Jr increased to GHS 705,000, from about GH¢365,000 and investments in Treasury Bills rose to GH¢1 million from approximately GH¢500,000.

He said these results provide a sound platform, but they also call for continued prudence.

He said the Board will focus on growing membership, strengthening internally generated revenue, diversifying income, controlling expenditure, building reserves and securing MCAG’s long-term financial sustainability.

The Board Chair said an important feature of the AGM was a proposed consolidation of the Ghana Association of Financial NGOs (GHASSFIN) with MCAG, subject to necessary resolutions, aimed to build a stronger, more representative and sustainable Association. At a time of significant industry change, collaboration and a unified voice are increasingly important.

Tuckson said the Board’s ambition is to develop MCAG into a centre of excellence for research, knowledge development, professional training and career advancement in microfinance adding “Our priorities include stronger regulatory collaboration, greater value for members, digital transformation, professionalisation of the industry, financial sustainability, effective advocacy, and stronger supervision and compliance.”

Delivering on these priorities requires a sustainable funding model, he said with the Board to engage members on a possible review of membership subscriptions to reflect the Association’s evolving responsibilities, including member welfare and improved services.

He said Ghana’s microfinance industry is at an important turning point insisting “Regulation is evolving, technology is changing how services are delivered, and customer expectations are rising. MCAG must adapt while remaining anchored in our core values of integrity, service excellence and partnership.”

“The future of the industry depends on the ability to embrace reform, strengthen institutions, invest in people, adopt appropriate technology and uphold high standards of governance and consumer protection. The reputation of the industry is collective. Let us strengthen our partnership with the regulator, our institutions and our Association.”

Together, Tuckson said, “Let us build an Association that is stronger in governance, knowledge, advocacy, supervision and service to its members.”