Techiman Kenten branch of the Brong Ahafo Catholic Cooperative Society for Development (BACCSOD) has held their 5th Annual General Meeting to render account to their stakeholders.
The event which took place at the Techiman Kenten Roman Catholic Church, was attended by Board members, management, stakeholders, customers, and representatives of the Roman Catholic Diocese of Techiman.
During the AGM, Board Members of BACCSOD led by the Board Secretary rendered accounts on the 2023 fiscal year as the event provided an opportunity for the organization to review its activities, evaluate its performance, and discuss future plans.
Board Chair of the Techiman Kenten BACCSOD, Mrs. Victoria Zeini, urged shareholders of BACCSOD to show interest in the day to day running of the cooperate since they are the “owners of BACCSOD” and believes that by so doing, management of BACCSOD will put in the needed extra effort to propel the cooperate to greatness.
“We have gathered here today to render accounts to our customers, not our customers per say but our shareholders although we intentionally invited all our customers in order for them to witness how accountable we are to our shareholders and by so doing, it will boost their confidence in investing in our cooperative, we hope that at the end of the day, all our customers will buy shares and eventually becomes our shareholders.
“My advice to the shareholders to visit our management frequently and ask about the status of BACCSOD, they should visit us and ask if we are making profit or not, we believe that if they do that, it will propel us to work hard because if you invest in an organization and you fail to ask questions, it will seemed that you don’t care and that may not push management of the organization to work hard.” She told the media
She also appealed to customers who are yet to buy shares in BACCSOD to do so. According to her, the price per a share at BACCSOD is GHc200.00 and those interested in buying a share at BACCSOD that not necessary have to pay the GHc200.00 at a goal as provision has been made for them to buy the shares gradually.
“It is our prayer that our customers that attended today’s AGM will appreciate what we do as a cooperative and buy shares at the end of the meeting, we hope that all our customers will buy shares and increase our capital.
“Our shares are GHc200.00 per share, we are not saying they should pay the GHc200.00 at a go, they can pay it gradually just like those that have open susu accounts with us and when the amount is due, they buy the shares.” She said
On his part, the branch manager of Kenten BACCSOD, Mr. Owusu Micheal, revealed that, Kenten BACCSOD is doing very well in terms of their finances as the cooperative made profit during the 2023 fiscal year.
He made a passionate appeal to all those that have defaulted the payment of the loans to pay back the loan to enable the smooth running of BACCSOD
“By the grace of God, Kenten BACCSOD is growing tremendously, if we compare our finances of 2023 to that of 2024, I will say that we are doing really well and none of your stakeholders regret buying shares at Kenten BACCSOD.
“On behalf of our Board and management, I will like to encourage all and sundry to open account and buy shares at Kenten BACCSOD or any branch of BACCSOD. Buying shares is a safe investment and it yields a lot of interest so I will urge everybody to buy shares at BACCSOD and they will never regret it.
“Our biggest challenge has to do with loan defaulters, we will plead with all those that have come for loans to pay back the loan according to the arrangements they made with us, the monies belongs to our shareholders and if people keeps defaulting, we will be left with no other option than to result to legal means.” He said
Source: Elvisanokyenews.com
