I
[ VALUES P-01 ]
Integrity
Members' savings are safeguarded, taken at an equitable price, and managed prudently and profitably.
Who are we?Owned by the members it serves.
GRACCU was registered in 1997 by staff of the former Internal Revenue Service, who pooled their savings so colleagues could borrow on fair terms. Today it serves staff across the Ghana Revenue Authority.
CUA Affiliation
GRACCU operates under Ghana's co-operative credit union framework and is affiliated with the Ghana Co-operative Credit Unions Association (CUA), which sets shared standards for record-keeping, member protection and audit.
Our mission
GRACCU is a member-owned, non-banking financial credit union. Our mission is to offer competitive financial and property acquisition services to our members, so as to improve their standard of living and to sustain our long-term viability.
Our main business is accepting savings and putting them at the disposal of members who want to borrow. Our policies cover savings, loans, shares, trade and investments, and the Board of Directors administers them.
Our vision
GRACCU seeks to become the most progressive credit union through the provision of quality, innovative and lifelong financial solutions to its valued members.
Governance
- 0.1
Members
Every share-holding member has an equal vote, and members receive reports from the Board and committees at the Annual General Meeting.
- 0.2
Board of Directors
Nine members who give the union its policy direction, mobilise resources and take investment decisions.
- 0.3
Supervisory Committee
Five members responsible for internal audit and for supervising the other committees, reporting to the Board and to the AGM.
- 0.4
Loans Committee
Five members who approve loans and collect debts, recommend loan policy to the Board, and meet at least twice a month.
Our History
By the numbers
Members at integration
when the Ghana Revenue Authority was formed
1,100
Registered1997
Board of Directors9 members
Assets at integration
total assets of the union
GH¢1.1M
Minimum sharesGH¢500
Minimum monthly savingGH¢100
Largest normal loan
with shares above GH¢2,000 and savings above GH¢10,000
GH¢100,000
Normal loansup to 36 months
Special loansup to 60 months
Loans protected
by the CUA Loan Protection Plan
100%
Coversdeath & disability
Guarantorsfor the full amount
Our Values
The three values in GRACCU's Profile and Operational Policy, and how they show up in the way the union is run.
II
[ VALUES P-02 ]
Member first
Every share-holding member has an equal vote, and the union exists to improve its members' standard of living.
III
[ VALUES P-03 ]
Teamwork
An elected Board, Supervisory Committee and Loans Committee share the work of running the union on members' behalf.
LEADERSHIP
Board of Directors
Maxwell Osei-Gyamerah
Chairman
Mr Maxwell Osei-Gyamerah is the current Board Chairman of GRA Credit Union. He has been working with the erstwhile Internal Revenue Service (IRS) & Ghana Revenue Authority for the past 23 years. He is currently Chief Revenue Officer and the Head of Facility, Logistics & Assets Management unit at the Head Office. He Holds MBA in Finance, Master in Project Management, LLB & B.ed Social Science & Member of Institute of Internal Auditors. He has vast experience in Financial management and Public Administration
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Emma Kuukuwa Otoo, Esq
Vice Chairperson
Mrs Emma Kuukuwa is the Current Vice Chairman of the Credit Union. She has been working with the erstwhile Customs, Excise and Preventive Service & Ghana Revenue Authority for the past 23 years. She currently a Principal Revenue Officer and a Lawyer at the Legal Dept - GRA. She holds Bachelor Arts, MBA & LLB. She is a practicing Lawyer currently completed LLM Tax Law and Policy & a student/Member of the Chartered Institute of Taxation, Ghana (Final Part 1). She has vast experience as a Tax Attorney and International Tax Practitioner.
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Prince Daniel Kohey
Treasurer
Mr Prince Daniel Kohey is the current Treasurer of the Credit Union. He has been working with the erstwhile Internal Revenue Service & Ghana Revenue Authority for the past 22 years in the Finance Department at the Head office. He is a Chartered Accountant (ICAG) by profession and has vast experience in Financial Management & Taxation. He is currently in charge of the Treasury & Accounts Receivables at the GRA Head Office.
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Sampson Samuel Yaw Adjei
Assistant Treasurer
Mr Sampson Samuel Yaw Adjei is the Current Assistant Treasurer of the GRA Credit Union. He has been working for the Ghana Revenue Authority for the past Twenty-Six (26) years He is currently, the Compliance, Enforcement and Debt Management Supervisor at Nsawam Taxpayers Centre (TSC) having, previously worked in the same position at Asamankese TSC, Hohoe and Somanya TSC. Sampson, holds MSC in Accounting and Finance from the University of Ghana, Legon, BBA in Accounting from Kwame Nkrumah University of Science and Technology, Kumasi and currently a student/Member of the Institute of Chartered Accountant, Ghana (Part 3). He has an in-depth knowledge in Management, Taxation and Financial Management. He is also a Christian by religion and an Elder at the Church of Christ Kade (Main) Branch and the Financial Secretary of the Church. He likes reading, watching movies and a keen sportsman
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Alex Kofi Appiah Ackah
Board Secretary
Alex Kofi Appiah Ackah is a seasoned public sector professional and financial management practitioner with over three decades of experience in accounting, taxation, budgeting and financial administration within the Ghana Revenue Authority (GRA) and its erstwhile Internal Revenue Service (IRS).He began his professional career with the IRS in 1995 and has served in various capacities and locations, predominantly as a District Accountant, providing financial and accounting leadership at Nkawkaw, Ashaiman, Tema, Adenta and Kinbu-sub LTO offices. In July 2024, he assumed his current role as Chief Revenue Officer and Deputy Head of the Budget Unit at GRA Head office, where he contributes to budget preparation, financial planning, and expenditure monitoring and resource management.He holds an MBA in Accounting & Finance and a BSC in Banking & Finance from the University of Professional Studies, Accra (UPSA). He is also a student/member of the Chartered Institute of Taxation, Ghana, having reached the Final Part I level. His commitment to the development of the GRA Credit Union (GRACCU) has been demonstrated through his service in various leadership capacities. He served as a member of the Supervisory Committee from 2020 to 2022 and has served as a Board Secretary from 2022 to Date, contributing to the governance, accountability and effective administration of the Credit Union.Beyond his professional responsibilities, he is a committed Christian and a staunch Methodist and chorister, with extensive experience in church leadership and music ministry. He previous leadership positions include Immediate Past Tema Diocesan Chairman of GHAMECC, past Tema Diocesan Financial Secretary, Past Tema West Circuit Chairman. He has also served as Assistant Choirmaster at Gethsemane Methodist Church and currently contribute to the development of choral music as Choir Director of the GRA Revenue Voices (GRACHO).He is passionate about professional excellence, financial accountability, leadership, service to others and the development of institutions and people.
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Isaac Osei
Assistant Secretary
Mr Isaac Osei is currently the Assistant Board Secretary of the Credit Union. He has been working with erstwhile Internal Revenue Service & Ghana Revenue Authority for the past 26 years. He is currently a Chief Revenue Officer and a Supervisor at the Post Clearance Unit, GRA Head Office. He holds MA in Economic Policy Management. He has vast experience in Taxation and sound knowledge in Policy Formulation & Policy Analyst.
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Freeman Nunekpeku Sarbah, Esq
Member
Freeman Nunekpeku Sarbah is a Legal Practitioner and Notary Public of the Republic of Ghana, and Senior Tax Administration Professional with over 25 years’ experience in taxation, legal practice, litigation, prosecution, legislative drafting and corporate governance. Freeman was called to the Ghana Bar in 2011, he joined the management cadre of the Ghana Revenue Authority in 2015 and served as Chief Revenue Officer and Head of Prosecutions before his promotion to Assistant Commissioner, Legal Services, in 2022. Since January 2025, he has served as Acting Head of the Legal Affairs Department. He holds an LLB and BA from the University of Ghana, an LLM in Tax Law, Policy & Practice, an MBA in Corporate Governance, and professional qualifications in Legislative Drafting, German Tax Law and Treaty Policy. He also completed Executive Education at Harvard Kennedy School in Comparative Tax Policy and Administration
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Philips Lovelace Worlanyo
Member
Philips Lovelace Worlanyo is a Chief Revenue Officer with the Ghana Revenue Authority. He is a Qualified Member, of the Chartered Institute of Taxation, Ghana , Member, Chartered Management Institute, UK. Philips is currently pursuing a PhD with the University of Gold Coast, he holds MBA, (General with HR) SMU, India ,M.A Laws, University of Ghana ,B.A. (Hons), Social Sciences, University of Ghana ,Certificate, Strategic Mgt, University of Gold Coast ,TADAT Certified Officer. Philips Lovelace Worlanyo is a board member of GRACCU. Philips has 19 years experience with the GRA
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William Doe Mevor
Member
Mr William Doe Mevor is an Advance Level holder. He has been working with the erstwhile Internal Revenue Service & Ghana Revenue Authority for the past 25 years. He has vast experience in Taxation & Revenue mobilization.
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Kenneth Adjei Bosompem
CEO
Mr Kenneth Adjei Bosompem is currently the Chief Executive Officer (CEO) of GRA Credit Union. He has been at post for the past 7 years. He holds MBA in Finance, BSC. Accounting option, Certificate A (Post Sec), HND in Accountancy and a Student/Member of ICAG. He has been long standing member of CUA, having worked as a field Officer, Auditor, Trainer and Regional Manager for the Accra Chapter and CUA Limited. He also, worked as a Teacher in G.E.S. He has vast experience in Credit Management and Financial Management.
Read Kenneth's profileLEADERSHIP
Loans Committee
Randolph Agyeman
Chairman
Randolph Agyemang is Chief Revenue Officer (Policy & Programs Dept. DTRD) of the Ghana Renue AuthorityHe has previously serve on the Loan Committee as a member, he is currently the Chairman of the loans commiittee.
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Afua Tweneboah - Koduah
Member
Title: Assistant Commissioner , Internal Affairs Unit Background: Highly experienced tax professional with over 25 years of service in tax administration (IRS & GRA). Proven expertise in tax auditing, transfer pricing, and internal affairs investigations. Education: Master's Degree in Economics Policy Management from University of Ghana Bachelor's Degree in Economics and Geography from KNUST Dip Taxation from GIMPA Key Achievements: Member of the Transfer Pricing Core Group that developed Transfer Pricing Regulations LI 2012 (Act 2188) Member of the team that developed the GRA Anti-Sexual Harassment Policy Member of the team that reviewed the GRA Code of Ethics and Conduct Project Manager-GRA Integrity Strategy Skilled in interviewing, interrogation, and report writing Skills: Attention to detail Effective listening Strong analytical and investigation skills
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Awal Abdulia
Member
Awal Abdulai is staff of the Ghana Revenue Authority for the for the pas 19 years. He holds a bachelor of art journalism, a member of the GRA credit union loans committee .
Read Awal's profileLEADERSHIP
Supervisory Committee
Seth Yao Mensah Xenyo
Member
Chartered Accountant and Chartered Tax Practitioner, Chief Revenue Officer and Tax Auditor and Supervisor of Ghana Revenue Authority.
Read Seth's profile
LEADERSHIP
Staff
Yaw Boakye Mensah
Manager Finance and Administration
Yaw Boakye Mensah, holds an MBA in Finance and a Degree in Management Studies, all from the University Cape Coast (UCC) He has worked with the Ghana Co-operative Credit Unions Association (CUA) Ltd. as a Regional Manager- Ashanti and Tema Chapter(s), An Auditor, an Accounts Officer, and a caretaker Manager of Brim Community and Nkawkaw Community co-operative Credit Unions. Yaw Boakye Mensah, is a certified trainer with the Ghana Microfinance Institution Network (GHAMFIN). Yaw Boakye Mensah, has served as a Board Member of the Kamccu Co-operative credit union as the Assistant Treasurer and prevoiusly as a Supervisory committee Secretary. Yaw Boakye Mensah is in charge of Finance and Adminstration of the Ghana Revenue Authority Co-operative Credit Unions Ltd.
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Mark Yeboah
Operations Manager 1
As the Operational Manager 1 at GRACCU, he directly manages Members Savings, Members Loans and resolution of all membership issues. With a strong focus on operational excellence, member satisfaction and financial discipline, he ensures that savings are secured, Loans are processed efficiently and every member concern is addressed promptly and personally. The Union is dedicated to serving its members with transparency and trust.
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Clara Asare
Marketing Manager
A dedicated and results-oriented professional serving as Marketing Manager and Loans Officer at GRA Credit Union, having joined the Credit Union as a staff member in October 2017. I have developed valuable experience in marketing, member relations, loan processing, credit administration, and business development within the credit union sector. In my dual role, I am responsible for promoting the Credit Union’s products and services, attracting new members, strengthening relationships with existing members, and supporting the institution’s growth. As a Loans Officer, I assist members with loan applications, assess their credit needs, facilitate loan processing, and monitor loan repayments in line with the Credit Union’s policies and procedures. I am passionate about delivering excellent member service, promoting financial inclusion, encouraging savings, and ensuring responsible lending practices. Through dedication, teamwork, effective communication, and a strong commitment to organizational goals, I strive to contribute to the financial well-being of members and the sustainable growth of GRA Credit Union.
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Ready to join GRACCU?
Buy GH¢700 in shares and save from GH¢100 a month. After six months you can borrow, and you share in dividends and welfare benefits as a co-owner.
