THE TEACHERS FUND IS A RETIREMENT SUPPLEMENT
SCHEME FOR THE GHANA NATIONAL ASSOCIATION OF TEACHERS
(GNAT) ESTABLISHED BY A TRUST DEED IN MAY 1998.
There are four main loan facilities that members of the Fund can access to meet their financial needs.
This loan facility has been designed to assist members meet their short-term financial obligations such as payment of School fees, rent advance and any other general repairs at home.
This facility has been put together to support a greater number of GNAT members who desire to solve their accommodation challenges or aspire to build their homes before they retire from active service.
More often than not, members of the Fund have business ideas for which they need funds to finance. The Investment Capital Loan facility has been designed for this purpose.
This facility is meant to finance the purchase of vehicles by loan applicants. It is the only loan facility at the Fund that cheques are not written in the name of the applicant rather it is in the name of the vehicle vendor.
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The Ghana National Association of Teachers (GNAT), has expressed unhappiness about the manner in which the Ghana Education Service (GES) was transferring teachers without their transfer grants. The Association said it continued to receive complaints from teachers that they were being compelled to fill a “weaver of T and T” form to go on transfer,…