Techiman Fishmongers realise a net profit of 3.3 million cedis

Techiman(B/A), Dec. 07, GNA - Techiman Market Co-operative Fishmongers Society Limited made a net profit of 3.3 million cedis during the 2005-2006 financial year. Mr Charles Yeboah, Techiman Municipal Deputy Co-operative Officer who announced this at the annual general meeting of the society at Techiman said the society realised 29.5 million cedis and spent 26.2 million cedis during the year. He noted that performance of the society was below standard and asked members to contribute generously towards the society's growth. The Deputy Co-operative Officer said the society's assets worth 43.1 million cedis, made up of 18 million cedis office furniture, 11 million cedis container, 6.4 million cedis for the construction of a day-care centre and eight million cedis for market sheds. Mr James Okyere, Techiman Municipal Co-operative Officer, expressed concern about the lukewarm attitude of members in the payment of dues and shares to increase the share capital of the society. He advised them to explore other means of investment rather than solely depending on treasury bills, the interest of which had drastically been reduced.

Mr Okyere commended Madam Elizabeth Arthur, President of the society, for rendering accounts to members and advised the management to account for its stewardship every fiscal year to members. He said delays in rendering accounts would not augur well for the growth of societies and unions in the co-operative set up. Nana Abena Kyeremaah, Assistant Market Queenmother, commended management of the society for the achievement and construction of its office and was optimistic they would continue to make positive contributions towards strengthening the society. Madam Arthur said 200 out of the 300 members were active in the market but regretted that most of them had not been paying their dues as expected.

She disclosed that to raise the standard of the society, it had increased the dues from 1,000 cedis to 5,000 cedis and appealed to members to encourage their colleagues in the collection of bowls of fish to generate revenue for the society. Madam Arthur appealed to well-to-do members to assist their needy colleagues to improve on their standard of living. Madam Grace Yeboah, "Adwene Kwansohemaa" and Madam Aba Kakraba, were elected new executive members of the society. 07 Dec. 06