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National Secretariat of GNAT
launches new car loan scheme for teachers
Kumasi, Aug. 10, Ghanadot/GNA –
The National Secretariat of Ghana National Association of
Teachers (GNAT) has instituted a loan scheme for members to
purchase brand new cars for their personal use.
The scheme being financed through the Teachers Fund, is to
offer an opportunity to members who are about to retire own
new cars that would be less expensive to maintain.
It would in addition, enable the younger generation to own
cars befitting their social status and their peers in other
professions.
A loan of up to 10,000 Ghana cedis would be available under
the scheme to interested members to be repaid over a period
of three to seven years.
About 150 members are expected to benefit from the scheme
every year and would be allocated on regional basis in
proportion to teacher population and level of contribution
to the fund.
Toyota Ghana, PHC motors, CFAO motors and Rana Motors are
the automobile companies engaged by GNAT to supply the cars.
Mr Emmanuel Asamoah Owusu-Ansah, Ashanti Regional Minister
in an address read for him at the launch in Kumasi,
commended GNAT for its commitment to ensure better welfare
for members through the introduction of various schemes to
complement government’s efforts.
He said teachers had over the years collaborated effectively
with government to initiate and implement programmes that
had improved the education sector.
Mr Owusu-Ansah urged leadership of GNAT to ensure fair play
and transparency in the disbursement and management of the
scheme to benefit all interested teachers.
He advised teachers to embrace various government
interventions such as the distance learning programme to
upgrade their skills.
Mr Samuel Ofori Adjei, Chairman of Board of Trustees of
Teachers Fund, said no deposit was required under the scheme
and urged members to take advantage to own cars.
He said the Fund established 10 years ago, was to encourage
members to save towards retirement and provide lifestyle
enhancing facilities to members.
Mr Adjei appealed to all teachers to join GNAT and increase
their contributions to the Fund to enable them access more
credit facilities to improve their social status.
GNA
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