Micro-Credit Association Ghana mobilises GH¢3.534m in 2025

Micro-Credit Association Ghana (MCAG) reported a significant increase in its revenue for the year ending December 31, 2025, with a total income of GH¢3.534 million, a 45% rise from GH¢2.433 million in 2024. Core revenue grew to GH¢2.725 million from GH¢2.079 million, while investment income increased to GH¢104,367 from GH¢63,904.

Membership subscriptions and registration fees contributed approximately GH¢1.351 million and GH¢582,000, respectively. Despite higher general administration expenses, the Board emphasized the importance of cost management, aiming for financial sustainability and a strong membership base. The Board Chair, Mr. Benjamin Tuckson Jr., highlighted the need for continued prudence, focusing on membership growth, diversified income, and regulatory collaboration.

MCAG is also proposing to consolidate with the Ghana Association of Financial NGOs (GHASSFIN) to become a center of excellence for microfinance research, knowledge development, and professional training.