The Ghana National Association of Teachers (GNAT), National Association of Graduate Teachers (NAGRAT), and the Coalition of Concerned Teachers-Ghana (CCT-GH) have expressed their displeasure towards the inability of the Controller and Accountant General’s Department (CAGD) to make payment of the Ghana Education Service Occupational Pension Scheme (GESOPS) funds for the past four months. “We write to inform you that our checks with our Fund Board i.e Ghana Education Service Occupational Pension Scheme (GESOPS)
Ghana National Association of Teachers(GNAT)Mutual Fund, Improved Benefits For Teachers The Fund offers four types of loan to its members. These are Personal, Investment Capital, Habitat and Vehicle loans. Teachers who contribute monthly to the fund qualified for the following benefits: PERSONAL LOAN This is a 12-60 month facility made available to registered members of the Fund who have the Unique Fund Identification Number to enable them to resolve their short-term financing needs. These may include rent
Now and again the most ideal approach to begin setting aside cash is basically to turn out to be more mindful of your accounts and ways of managing money. With a comprehension of your spending plan and your actual needs, you may begin taking care of more cash than you ever anticipated. To help you with figuring out how to set aside cash and accomplish your monetary objectives we've accumulated top-notch of powerful approaches to set aside cash: 1. Record your costs The first step to begin
The Temporal Pension Fund Account (TPFA) is a members 5% monthly contributions with accrued interest from January 1, 2010 to August 31, 2016. The TPFA was handed over to the NPRA for onward transfer to all public sector pension schemes, including GESOPS, in November 2017. Education sector workers’ TPFA contributions are currently being managed by GESOPS. Regular Monthly Contributions Like all Tier-2 pension schemes, members contribute 5 of the total social security of 18.5% which is deducted from their monthly
l Greeting lovely people, it's another day which the Almighty God has blessed us with, and we need to thank him for his mercy and love for you and I. May every limitation upon your life shall give way to God's blessings. Information cited on the National Association of Teachers Teachers (GNAT) Teacher's Fund website indicates that the interest rate of the fund has been reduced from 18% per annum to 16% per annum with effective from November 21st this year. The letter read ; Reduction of interest rate from 18%
Pictures are for illustration purposes only. Many aggrieved customers stepped up their game into the later part of last year 2020 in attempts to get their locked up investments. Chief among these people are the aggrieved customers of defunct savings and loans institutions and fund management companies such as Gold Coast Fund Management Limited and Firstbanc Fund Management. The president reiterated his commitment to pay every aggrieved investor during his state of the nation address (SONA) on 5th January 2021.
Pictures are for illustration purposes only. The Securities and Exchange Commission (SEC) has announced plans to pay the Gold Coast Fund Management Companies a fixed amount of GHc50,000 each on humanitarian grounds. The Securities and Exchange Commission upon deliberation stated that they had to take this action because of the plight of customers most of whom are pensioners. Is this a little bit too late though? The question we are however asking is why is the ruling government doing this eighteen days to the
Members of the Ghana National Association of teachers have complained a day in day out about continuous payment of funds with nothing good coming from their leaders.
Log Onto GESOPS Portal and Create Account For your Pension Scheme - GNAT To Teachers Ghana Education Service Occupational Pension Scheme(GESOPS) is the fund manager of Tier-2 pension scheme for teachers and Ghana Education Service staff.
Ghanaiana has openly vented their anger on the Ghana Health Service on what they believed is humanly absurd and out of thinking realism. Their anger errupted after the COVID-19 National Trust Fund came out appealing for funds to purchase Personal Protection Equipment (PPE) for frontline workers leading the fight against COVID-19 in Ghana. They believe the current hikes in the Corona Virus pandemic in the country is overwhelming, hence it looks potent to place health workers and front liners in big danger without
The Securities and Exchange Commission has warned clients of defunct Fund Management Companies to stop signing up with PBAY. The SEC has sounded this warning to curtail the rush by aggrieved customers who the regulator has failed woefully to help for over two years now. PBAY, according to reports stated they have the wherewithal and the necessary connections in the ruling government to facilitate the payments of locked up investments to aggrieved customers. They are therefore asking for two (2%) percent of locked
The Securities and Exchange Commission has been lagging in its attempts to pay investors of defunct Fund Management Companies. More than one month after the ruling NPP government released funds worth GHc3.1 billion to the Securities and Exchange Commission (SEC) to settle aggrieved and suffering investors, the payment process has been at snail pace so far. While CBG has completely finished the payments of affected customers whose bonds were converted to cash by the ruling government, the SEC stated that they
In all the struggle, the pain, the deaths and hopes of getting back invested funds from the financial sector which was cruelly mismanaged and subsequently cruelly collapsed are the mutual funds and equity funds investors who have been the worst hit. They have no hope as to when their funds will be made available to them. The Securities and Exchange Commission did not allow them to even fill any forms for validation. They have been told they are not part of the bailout process and there is really no end in sight
Presently is the best an ideal opportunity to set up great spending and investment funds propensities. On the off chance that you are not cautious with your cash, you hazard having similar issues, or more regrettable, down the line. You need to maintain a spending plan in control to know where you stand monetarily, so that should be your initial step. Likewise, there are terrible monetary practices that will set you up for disappointment. You additionally will experience difficulty later on if you spend more
The cruel nature with which the financial sector clean up was conducted has left in its wake challenges that even the regulator seem overwhelmed to adequately resolve. It will be recalled that the financial sector mess was complicated because all the financial institutions did business with one another and therefore the blantant use of the same formula to apply to all the institutions was absolutely wrong. It created further problems for other financial houses which have yet to be resolved. In the wake of the
The Nana Addo Dankwa Akufo Addo government made a promote to pay the citizens whose funds was locked up due to bad management of some banks and micro finance which affected the financial and banking sector. The Securities and Exchange Commission (SEC) has announced in a statement dated Wednesday, 18 November 2020. In the statement they made it clear saying “acting within its mandate of protecting investors and the integrity of the market “‘ its wishes to announce the outcome of its deliberations with the
Good and refreshing news from GNAT Mutual Fund. Greeting lovely people, it's another day which the Almighty God has blessed us with, and we need to thank him for his mercy and love for you and I. May every limitation upon your life shall give way to God's blessings. A recent letter cited from GNAT Mutual Fund indicates that the much awaited great news is finally in. Information cited on the National Association of Teachers Teachers (GNAT) Teacher's Fund website indicates that the interest rate of the fund has
Ms. Akosua Frema Osei-Opare, Director of the General Office, revealed that as of mid-December 2020, in addition to in-kind donations organized by the company, the COVID-19 National Trust Fund has also received 57.15 million GHS in cash donations. Mrs. Osé-Oparé announced this in the 72nd New Year School. He pointed out that to date, the fund has spent 49.29 million GHS for various programs. The beneficiary institutions include the Ghana Health Service, some hospitals and medical institutions, COVID-19
Minister of Health Mr Kwaku Agyeman-Manu has disclosed that some $100 million fund assigned for the treatment of COVID-19 has been spent. He reveled this information when he was called before the Parliament's Appointment committee on Wednesday February 10 2021. The Ministry of Health at the outset received $100 million from the World Bank to be spent on the coronavirus cases and that amount of money has been utilized according to it purpose. Mr Agyeman-Manu has reveled to the Parliament that a $120 million facility
Greetings Cherished reader. Latest filla from Mutual Fund of Ghana National Association of Teachers Teachers A recent letter cited from GNAT Mutual Fund indicates that the much awaited great news is finally in. Information cited on the Ghana National Association of Teachers Teachers (GNAT) Teacher's Fund website indicates that the interest rate of the fund has been reduced from 18% per annum to 16% per annum with effective from November 21st this year. The letter read ; Reduction of interest rate from 18% per