The Queen of Peace Co-Operative Credit Union complex in Madina established by the Queen of Peace Catholic Church was on Sunday inaugurated to improve the financial status of traders within the community.

The two-storey edifice, worth 1.4 million cedis, comprised a conference room, an office space for renting and a banking hall named after Rev Father Francis Mulder's who introduced the credit union to the church several years ago.

Very Reverend Charles Owusu Ansah, the Parish Priest in Charge of the Madina Queen of Peace Catholic Church, inaugurating the building, offered prayers for a successful business activity throughout the years.

Speaking to the Ghana News Agency, Mr Bertrand Zielley, the Manager of the Credit Union, said it started 34 years ago with a membership of 3,750 and an asset of 3.7 million cedis.