ACCRA, Ghana--The Associated Teachers' Cooperative Credit Union Limited (ATCCUL) held its annual general meeting with a call on members to “regard savings as a matter of great sacrifice from the little income they earn monthly,” according to a report on Ghana Web.
"It is a matter of postponing today's consumption to tomorrow. In order to be able to make that sacrifice we should always make savings the first budgetary item in our monthly budgets," General Manager of ATCCUL Bazaanah Ban'le Fidelis, told the meeting. ,"As individuals, we should be disciplined in our efforts to accumulate savings. This can be possible if we establish a definite purpose for which we save. With discipline and definite purpose in life, it should be possible for us to attain our life-long objectives irrespective of our income levels."
According to Ghana Web, Fidelis advised members to establish definite annual goals and work to achieve them, saying: "With definite annual goals, we will always have the urge to save whether Controller makes the monthly deductions or not.”
John Nyarko, the Metro Director of Cooperatives, told the meeting, “One cannot alleviate poverty or create wealth without cultivating the savings habit. When people have not developed the desire to grow socially and economically, the willingness to save to create wealth will be non-existent in their lives.”