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Teachers
launch new car loan
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. |
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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 the Board of Trustees
of the 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.
Source: GNA
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