“THE ROLE OF CREDIT UNION IN THE PROVISION OF CREDIT IN KUMASI OF THE ASHANTI REGION”

Abstract

This research focused on the decline of credit unions’ duty in the country. Specifically the research takes into consideration the roles of credit unions located in Kumasi in the Ashanti. The main purpose of this research is to review, evaluate and access the performance of these credit unions in the provision of credits. The research adopted both quantitative and qualitative analysis of the data. These data was obtained by the use of questionnaires. The sampling size consist of 50 selected credit unions in the Kumasi area .Respondents were asked to fill the questionnaire and SPSS version 16.0 was used to analyze the data collected from the respondents. The analysis revealed that credit unions have high levels of flexibility in loan advances and loan recovery. Based on these findings, implication for managerial decision making and recommendation for future researchers are given.