New offices for Teachers Fund

Page 20, 2009
June 3, 2009

A new office building for the Teachers Fund has been inaugurated in Accra with a call on teachers to take advantage of the existing facilities under the fund.
The facilities include a retirement package, personal loan, investment capital loan, habitat loan, vehicle loan and consumer credit items.
Mr Samuel Ofori-Adjei, the chairman of the fund, established by the Ghana National Association Teachers (GNAT), who made the call yesterday, said the board of trustees had “always carried this passion of making life comfortable for the teacher”.
He said the need for sufficient office accommodation had been the major motivation for undertaking the venture and that it was with a great sense of pride that the vision of the board to pursue its own accommodation had become a reality.
"From a small seed that was sown, the fund has seen such tremendous growth. As the fund continues to increase and in turn reproduce fully owned subsidiaries, the time has now come for building and relocating to enable further growth and multiplicity," he said.
An economist, Mr Kwame Pianim, who inaugurated the building, said when the seed for the fund was sown barely a decade ago, the dream of the founders was that it would "one day become the proverbial oak tree under whose branches members will find shelter from financial storms".
The President of GNAT, Mrs Portia A. Molly, said the fund was established to support and enhance the living conditions of GNAT members.
She, therefore, charged its board and management to focus on creating wealth and ensuring that the welfare needs of teachers were adequately catered for.
The General Secretary of GNAT, Mrs Irene Duncan-Adanusah, expressed the hope that the fund would come up with more products and ideas.