By-Laws for WACoN and Affiliates

The by-laws establish the governance framework for the West Africa Cooperatives Network (WACoN) and its affiliates, focusing on empowering responsible mining and building sustainable communities. The cooperative operates under Ghanaian laws, including the Cooperative Societies Act (1968) and the Minerals and Mining Act (2006).

The by-laws provide a comprehensive structure for WACoN's operations, emphasizing democratic governance, financial transparency, and community development. They align with Ghanaian cooperative laws and ensure accountability through clear roles and dispute mechanisms.

Membership Types

Regular Members

Full rights including voting, dividend sharing, and participation in all cooperative activities.

Associate Members

Limited rights with no voting privileges but access to certain cooperative services.

Qualifications

Open to Ghanaian Citizens

Must be of legal age (18 years and above)

Pre-Membership Education

Complete required Pre-Membership Education Seminar

Share Capital Payment

Pay required share capital contribution

Policy Adherence

Commit to adhering to all cooperative policies and by-laws

Governance Structure

Board of Directors

Elected by members to oversee strategic direction and policy implementation

Committees

Specialized committees for election, education, ethics, audit, and mediation

General Assembly

All members participate in annual meetings and major decisions

Management Team

Day-to-day operations led by appointed management staff

Member Rights and Responsibilities

Rights

  • Vote in general assemblies
  • Elect and be elected to committees
  • Access cooperative services
  • Receive dividends from profits
  • Access training and capacity building

Responsibilities

  • Pay share capital and fees on time
  • Attend general meetings
  • Follow cooperative policies
  • Promote cooperative values
  • Participate in cooperative activities

Financial Management

The cooperative maintains transparent financial practices including:

  • Regular audits by independent auditors
  • Annual financial reports to members
  • Proper record keeping and accounting
  • Fair distribution of profits and dividends
  • Reserve funds for sustainability

Dispute Resolution

WACoN has established mechanisms for resolving disputes including a Mediation and Conciliation Committee that handles conflicts between members, between members and the cooperative, and other related disputes in accordance with cooperative principles and Ghanaian law.