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 GH₵50.00. The basic contribution was further reviewed upwards to GHC100.00 with effect from January 2024. The assets of the Fund have grown from just about GH₵ 1.50 million in May 1998 to GH₵3.225 billion, as at December 2023 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.