I have, over the years, observed with keen interest and curiosity the activities and operations of the Teachers Mutual Fund and it is not serving the ordinary teacher any good.
I am meticulous with the use of ordinary because I detest to the highest order the careless use of the word poor on the Ghanaian teacher.
Every service the Fund provides for the Ghanaian teacher is seemingly virulent and intended to milk the teacher dry of the little salary he/she makes.
For instance, Teachers Fund will come to teachers with their *Credit Mall* guys and sell ordinary Home Theatre that sells on the market for GHc1,200.00 for a whopping GHc3,800.00 to GHc4,000.00 This is an act of wickedness and insensitivity to the plight of the very people who set up the Fund.
The least said about the Mutual Fund Loans the better.
Imagine the teacher going for a Habitat Loan of GHc30,000.00 which comes with a monthly deduction of GH¢805.00 (I stand to be corrected) for 60months (only God knows the number of teachers who have such affordability to even qualify to access).
Let’s do this simple calculation:
GHc805.00 × 60 = GH¢48,300.00
Subtract the actual amount borrowed
GHc48,300.00 – GH¢30,000.00 = GH¢18,300.00
Divide this interest by 60months
GH¢18,300.00 ÷ 60 = GH¢305.00
This means that every SINGLE MONTH of that loan period the Fund makes profit of GHc305.00 on the Ghanaian teacher who contributed a minimum of GH¢50.00 monthly to set it up. _So is the Fund to serve the teacher or be served by the teacher???_
No wonder the Managers of the Fund _(who, at most and all times, are paradoxically not teachers)_ ride in luxurious cars and live in plush apartments!
If we are impoverishing ourselves even with our own Fund, why won’t the public call us “The Poor Teacher”?
Teachers are not and will never be poor. It’s just a matter of we waking up and taking our destinies into our own hands.
The Teachers Mutual Fund is for teachers and must therefore serve the interest of teachers. Let’s bring down drastically the interest on all our services to the very people who set up the Fund!
Let’s make the teaching profession attractive and a highly respected one just like the other professions we always compare ourselves to by making our teachers live well! The teacher too can own cars, buildings and other properties! IT IS POSSIBLE!!!
I am using this medium to appeal to CODE, CHASS, COHBS, and all in Leadership positions in education to, as a matter of urgency, address this issue of concern to the ordinary teacher before some of us begin to spearhead the campaign aimed at collapsing the Fund.
THINGS CAN’T CONTINUE LIKE THIS!!!
_Benjamin Duodu (Sir Benjy)_
_(Akroso Methodist JHS)_