The management of the Ghana National Association of Teachers (GNAT) has officially written to inform members of the largest teacher association in Ghana that the loan amount limit that a member of the association can take has been enhanced significantly.
According to the management of GNAT, “we write to inform you that effect 1st February 2022 the limit for Teachers’ mutual fund loan will increase as follows ”
Loan Type
New limit (GHC)
Duration
personal
35,000
48 months
Investment
50,000
60 months
Vehicle
70,000
up to 84 months
Habitat
60,000
60 months
This was contained in a letter signed by the Chief Operation Officer of the Ghana Teachers’ mutual fund, Mr. Yaw Dapaah
All other terms and conditions remain the same. For further information please contact the undersigned or the Teachers’ Fund Secretariat.
