The Chief Justice of Ghana, His Lordship Justice Kwasi Anin Yeboah will today (January 21, 1023, launch an innovative and life-changing co-operative financial entity to be known and called Judicial Service Staff Co-operative Fund (JUSCOFund).
The JUSCOFund is an innovation of Afotey-Led JUSAG designed to promote thrift among all members of staff of the Judicial Service and the Judiciary.
The mission of the Fund is to mobilize financial resources of members and prudently manage same using the co-operative principle, competent financial experts and contemporary secure financial technologies to maximize value for members.
JUSAG President, Mr. Samuel Afotey Otu made this known to Conference at Ho in August 2022 to establish a financial co-operative. It was therefore, not surprising that he quickly put together a committee of financial experts to do further research and draft the Bye-Laws and policies that will govern the operation of the JUSCOFund.
Having worked vigorously to secure a permanent office for the JUSCOFund and the necessary regulatory approval, Mr. Afotey and his team are now days close to achieving the biggest of the visions with the launch of the JUSCOFund today.
Beneficiaries
The JUSCOFund is opened to all members of staff including non-JUSAG members, judges, and magistrates and affiliates or persons concerned with the administration of justice.
Membership is by acquisition of minimum share and monthly contribution. The Fund is democratically managed and surpluses from the Fund are shared to members based on their share capital and monthly contributions.
Members of the JUSCOFund will also be able to easily access loan at an interest rate of as low as 15%. Amount of loan accessible depends on a member’s monthly contribution and affordability.
Members of staff across the country are already anxiously waiting to take advantage of the fund to save, invest and profit from the Fund. Over 500 forms are been completed across various regions of the country with many yearning to join.
The launch of the JUSCOFund on Tuesday by the Chief Justice will be graced by some members of the Judicial Council, the Judicial Secretary, Justices of the Superior and Lower Courts, Directors, present and former executives of JUSAG, the Registrar of Co-operatives.
Invitation has also been extended to the Executives of SSAJUG as the JUSCOFund is opened to all and JUSAG is, and has always been there for the welfare of all staff.
JUSCOFund Information Guide has also been developed in a form of frequently asked questions and shall be unveiled with a copies of the Bye-Laws and certificate of registration and license presented by the Registrar of Co-operatives. Co-operatives in Ghana are regulated by the Co-operative Societies Act, 1968 (Act 252) and their respective bye-laws.
The grand launching ceremony will be live on Zoom for members across the country to join.
First 100 days in office fantastic
The president of the Judicial Service Staff Association of Ghana (JUSAG), Samuel Afotey Otu has described his first 100 days in office since taking over leadership of the association in October last year as fulfilling.
According to him even though the journey has been fantastic, it is without challenges.
The president of JUSAG who spoke to EIB Network’s Legal Affairs Correspondent Murtala Inusah on his administration’s 100 days in office also said his team would ensure that the welfare of its members are put to the fore.
New JUSAG Executives
The six-member executive team led by Samuel Afotey Otu who took over from Alex Nartey were sworn-in by Her Ladyship, Justice Charity Irene Larbi, a Justice of the Court of Appeal.
The new executives of JUSAG for the next four years are Samuel Afotey Otu, president, Samuel Lartey, Vice president, Brother Abdulai Yakubu, General Secretary, Joyce Assan, Deputy General Secretary, Brother Owusu Kankam, Treasurer and sister Hannah Boachie, Women’s Commissioner.
Source: Ghana/Starrfm.com.gh/
