[Good News] GNAT Considers Reduction In Loan Interest Rate

Education General News

The Ghana National Association of Teachers (GNAT) has said that it is considering reducing the interest rate on loans offered by the Teachers Fund of the Association.

Speaking at the National Council Meeting of GNAT organised from the 29th September to 3rd October, 2020 at the Kwame Nkrumah University of Science and Technology( KNUST) , the Teachers Fund Board Chairman said the Fund has about 215,003 members and valued at over GHc1.5bn as at December, 2019.

According to him, the board of trustees shall be meeting to consider reduction in the interest rate on Teachers Fund loans.

He added, that the board will study the environment and fix appropriate rate.

Online Loans

He also indicated, that there is an online processing of loans which is being piloted in some Districts.

”All things being equal, after assessment, it will be rolled out fully in December, 2020.” He said.

source: broadcastghana

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