JUSAG president optimistic about the JUSCOFund

President of the Judicial Service Staff Association of Ghana (JUSAG), Mr. Samuel Afotey Oto believes that the JUSCOFund has come at the right time to alleviate the plight of his members.

He told Dennislaw news that the time of high indebtedness of members is over because they can now access loans from the fund at very low-interest rates in just after six months of contribution.

Launching the Judicial Service Staff Cooperative Fund(JUSCOFund) on Tuesday, January 31, the Chief Justice, His Lordship Kwasi Anin Yeboah urged managers of the fund to exude diligence and integrity.

“In the name of accountability, the Judicial Service Staff Association of Ghana(JUSAG) Executives must dare to manage the fund with integrity while upholding the laws of the cooperative at all times,” he noted.

He also tasked the fund’s board to seize the opportunity to educate its members on the by-laws to enable them to know their rights, obligations, and responsibilities.

To him, the fund ought to be invested in assets to reap some gains to give members the needed financial assistance and respite.

The Chief Justice was again happy about the 15 percent lending rate for members and advised leaders of the Association against lording their positions on their members in order not to raise any suspicions.

The JUSCOFund is the first of its kind for the Association stemming from a campaign promise of Mr. Afotey.

“During my campaign at Ho to elect our executives, I captured it in my manifesto to introduce the staff cooperative fund where members will access loans and make life easy for them,” he said.

Mr. Afotey adds that the fund is to ensure financial freedom by ending the era where the salaries of members were deducted at source to pay huge interest loans they were taking from the banks.