Mr Oduro Darko, General Manager of Co-operatives Union of Ghana Workers has urged to plan adequately towards their retirement so that they do not become paupers after active service.
Addressing the 14th annual general meeting of the Takoradi branch of the Ghana Ports and Harbours Authority (GPHA) Co-operative Credit Union (GPHACCU) in Takoradi, he admonished workers to refrain from frivolous spending and rather concentrate on activities that would promote their well being.
Advising them to buy more shares to gain more.
Mr Maxwell Sarpong, Board chairman of the GPHACCU declared a net surplus of GH¢184,000.06 for 2012 as against GH¢123,466.99 in 2011; while total income stood at GH¢754, 974, 24 and GH¢637,769.75 for the same period.
He said loans disbursed to contributors were ventured into the construction of buildings, farming, payment of schools fees and other interventions.
Mr Sarpong however, advised the contributors to re-pay their loans promptly to enable others to benefit from the operation.
He said plans are underway to construct an office to house staff of the union and expand its activities. GNA