Management of Coalition of Concerned Teachers – Ghana (CCT-GH) has announced an updated repayment schedule for the members of the Association.
The latest repayment schedule chart, according to the Association is effective 1st November, 2017 for all beneficiaries.
Leadership of CCT-GH explained that, the principal amount anyone can take ranges from GH¢500.00 to GH¢10,000.00 depending on each teacher’s affordability.
They further explained that, as a teacher, you can only get a loan from the CCT-GH Fund if you are a member of the Association.
The new repayment schedule chart released by the Coalition of Concerned Teachers – Ghana (CCT-GH) has classified repayment schedule of teachers under Loan Amount, Maximum Loan Duration and Monthly Deduction.
The CCT-GH Fund Loan duration for repayment is spread across twelve (12) to thirty-six (36) months period for beneficiaries.
For example, if a teacher takes a loan of GH¢10,000.00 from the CCT-GH Fund, he/she will make total repayment amount of GH¢13,060.08 for a period of 36 months on a months deduction of GH¢362.78. This means that, the interest rate on the loan for the 36 months period is GH¢3,060.08 for the beneficiary.
Leadership of Coalition of Concerned Teachers – Ghana (CCT-GH) has therefore said, any member of the Association, who is interested in the Loan package should contact their District CCT-GH office or the leadership at the Regional level for assistance.
Find below, the detailed CCT-GH Fund Loan Repayment Schedule for teachers.
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