The Ghana National Association of Teachers (GNAT) Teachers Fund is 16%.
According to the Fund, it has noticed that both Investment and Habitat Loan Application Forms currently in use, carry an error of 18% as the Interest Rate on these two loan products, creating the impression that the loan products do not attract the same Interest Rate.
In a statement, the Fund wishes to state emphatically, that the Fund’s Interest Rate remains 16% for all loan products.
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“We implore all District Secretariats to take the necessary steps to explain to members and reassure them that the Fund’s Interest Rate for all four (4) loan products is 16%.” The statement said.
SOURCE: Coverghana.com.gh
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