Get In touch with Ellis Ferdinand on +233 506 440 219

    What you need to know about the GNAT Teachers’ Fund

    LOAN FUND GNAT Deducts 2% from Basic Salary of Non-Contributors for Tier 3 Provident Fund Scheme

    EducationGhana| January 28| What you need to know about the GNAT Teachers’ Fund:The Teachers Fund is a retirement supplement and solidarity scheme for the Ghana National Association of Teachers (GNAT) established by a Trust Deed in May 1998.

    The Fund started with a monthly deduction of GHC0.10 (¢1.000) as basic contributions from the salary of GNAT members through a check-off system.

    The basic contribution was increased to GH₵ 0.50 (₵5,000.00) in February 2002 and GH₵2.50 (₵25,000.00) in October 2004.

    In February 2008, the basic contribution was further increased to GH₵5.00 and then to GH₵10.00 in January 2011.

    Effective March 2014, the basic contribution was GH₵20.00 and in January 2015 it was increased to GHC30.00.

    In February 2017, the basic contribution was further reviewed upwards to GHC50.00 with effect from February 2017.


    The assets of the Fund have grown from just about GHC 1.50 million in May 1998 to GHC  745 million, as of December 2016 represented by investments in treasury bills, listed equities, private placements, loans and facilities to members, real estate projects and subsidiaries. The Fund has its largest investment in loans to its members.

    The tremendous growth in assets is largely attributed to the commitment on the part of members (teachers) to invest towards their retirement and the Fund’s commitment to ensuring good returns on investment.



    The objectives of the Fund are
    1. Retirement supplement – the monthly contributions are savings for the members. These are invested to generate returns. Upon retirement, a member receives a package made up of the total amount he has contributed over the years and the returns thereon.

    2. Provision of lifestyle-enhancing facilities – the Fund offers four categories of loans to its members with the view to enhancing their lifestyles and ensuring that they live comfortably. These are Personal Loan, Investment Capital Loan, Habitat Loan and Vehicle Loan.

    3. Access to credit purchases from Credit Mall Limited – the Fund has established Credit Mall Limited as a wholly-owned subsidiary to sell household consumer items to members on credit.

    4. To engage in Real Estate Ventures – the FUND seeks to address the accommodation needs of members by providing housing and accommodation facilities to interested members. It is also involved in the construction and rental of hostel facilities and office accommodation.

    It is noteworthy that every initiative or activity carried out by the FUND is expected to fulfil its primary objective (i.e. objective 1) which involves providing contributors with a retirement supplement package. I

    n line with this, the loans and facilities offered to contributors, the operations of Credit Mall Limited and the Real Estate Venture are expected to generate profits which are distributed to members as returns on their investments.


    To be the best performing private solidarity fund in Ghana by enhancing contributors’ welfare and quality of life.


    Teachers fund of gnat is committed to enhancing the welfare of our members through prudent investments, innovative technology and well-motivated and skilled workforce,

    Core Values

    We work together, across boundaries, to meet the needs of our customers and foster collaboration while maintaining individual accountability.

    Efficiency and Effectiveness
    We are committed to doing the right things at the right time.

    We accept our individual and team responsibilities and are accountable for our decisions and actions.

    Customer Focus
    We focus on serving and meeting the needs of our members, seeking to exceed their expectations.

    Honesty & Integrity
    We operate in a trustworthy manner and conduct ourselves at all times with honesty and integrity.

    We challenge ourselves to deliver quality service to our clients.

    We treat each individual with the highest degree of dignity, equality and trust.


    The Fund Secretariat is set up separately to implement the Board’s policies and decisions.  The Fund Secretariat is headed by a Fund Administrator who is appointed by the Board of Trustees.

    The Fund Administrator reports directly, at regular intervals, to the Board and is supported by a team of professional staff who collectively liaise with the Board of Trustees and members of the Fund.

    The Secretariat is situated at No. 59 Avenue Extension, North Ridge Accra. The Secretariat assists the Board of Trustees in the implementation of policies and the day to day administration of the Fund. Messrs. Sam Okudzeto and Associates provides Legal advisory services to the Fund.

    Check the SHS Grading System HERE


    Check Business Courses being offered at the SHS in Ghana HERE


    Download the 2022 basic and shs Academic Calendar HERE

    Check This Out: JUST IN: Coalition of Concerned Teachers sacks acting President King Ali Awudu

    Prospective Students can also check out the Admission Deadlines for Tertiary Institutions in Ghana as well as their Entry Requirements before Applying.

    They can also check the Institions’ cut off pointsandHow to Applyto the various Tertiary Institutions in Ghana as well as the Insitutions’ Fees Schedulesfor any particular Semester or Year.

    What you need to know about the GNAT Teachers' Fund | 1




    Get the  WAEC Marking Schemes HERE

    Get theNaCCA/GES Standard-Based Lesson Plans HERE

    Get the Ghana Education ServiceNew Standard–Based Scheme of Learning (SOL)HERE

    Get the Ghana Education Service New Standard–Based Curriculum HERE

    Get the WAECBECE, WASSCE, NTC Licensure Exam, and Teachers’ Promotion Exam Past Questions HERE

    Download Teachers Guide on SBCand CCP Curriculums HERE

    ♥Copyright Notice: Content on This Website is Copyright Protected. No Part of this Content should be Reproduced without the Consent of the Author(s) or Recognition to the source of the Content.© 2020 Ellis Multimedia: All Rights Reserved.♥

    Previous article2022: GNAT Teachers’ Fund announces new date to increase limit on Loans
    Next articleKnow the 9-member Fund managers of GNAT Teachers’ Fund
    Avatar of Ellis Ferdinand
    Ellis Ferdinand is a Journalist, Blogger and Founder of Ellis Multimedia, a parent company of, an Online Education News Blog, and Ellis Ferdinand is a Graduate of Accra College of Education and the University of Cape Coast, where he obtained a Diploma In Basic Education and a Bachelor of Education in Accounting. He is currently Reading his Master of Philosophy in Curriculum and Pedagogic Studies at the University of Education, Winneba in Ghana. Ellis Ferdinand won Blogger of the Year at the 2018 National Students’ Awards and was also adjudged 14th Best Ghanain Blogger in 2018 among the Top 50 Ghanaian Bloggers of 2018. He introduced the Concept of Education Blogging in Ghana in 2014 with his famous blog now His Blog won Best Media Promoting Education in 2017, 2018 and 2019 respectively, an Award organized by Neogenics Education Consult. In 2019, He adjudged the Most Promising West African Blogger of the Year in Nigeria. He won Writer of the Year at the 2021 EDUCOM AWARDS

    What's your take on this Latest Development?

    Don`t copy text!

    Discover more from EducationGhana

    Subscribe now to keep reading and get access to the full archive.

    Continue reading