Services

The scheme was instituted in the year 2007. The NAGRAT Auto Scheme is designed to help teachers procure means of transport at easy and affordable rate. So far the scheme has been able to provide 1200 vehicles of different varieties to teachers in the country. The scheme is highly subsidized by the government of Ghana in the form of import duty exemption for all cars brought into the country, through NAGRAT, for teachers. The support of government is justified by the desire retain teachers through some different incentive packages which include provision of vehicles to ease transport need of teachers and provision of housing schemes to ease accommodation needs of teachers. Unfortunately, government could not wholly fund these programs for teachers and therefore saw a proposal submitted to the President Kuffour’s NPP government as a welcoming news. Though the idea was that of NAGRAT, government extended the approval to cover member of UTAG and GNAT. As originators of the idea, we have been more successful in the provision of the cars to teachers.

The Scheme Entails The Folllowing:

A loan has been contracted from a bank for each individual member of the scheme at a competitive rate payable within 5years. Vehicles are imported CIF Tema and cleared by NAGRAT under the temporary tax exemption from the government of Ghana and in the name of the individual teachers. Vehicles are registered in the joint name of the teacher and the bank. Thus the vehicle being used as collatoral. Vehicles are comprehensively insured by NAGRAT on behalf of beneficiaries. Comprehensive insurance is renewed every year by NAGRAT and certificate forwarded to members. STC valuation certificate is done for members to enable them apply for vehicle maintenance allowances. Member are now made to pay a deposit to support the scheme as the original loan contracted for the scheme could not at a point support the changing cost of vehicles in the international market, the uncontrollable depreciation of the Ghana Cedi against other currencies and increase in other port handling charges. There is no specific time frame for the supply of cars. Cars are supplied to qualified applicants on first come first served basis.

To qualify:

• One must be a member of NAGRAT
• One must complete an application form.
• Deduction should commence by the controller and Accountant General's Department
• Upon picking the vehicle one must pay the stipulated 'TOP-UP'.
• A member in difficulty in regard to payment of top-up can contact the welfare chairman of NFL for assistance.
• The scheme started with the importation of vehicles such as Toyota, Nissan, VW, Honda, Opel, Ford and others. However, the scheme run into difficulties as regards the above cars, most of which came from the US and Europe, as regard cost. Currently, cars provided include; Daewoo, kia, Hyundai, and Mazda .
• Cars are mainly saloon cars, engine capacity not above 1.8cc, not more Than 10 years.

The NAGRAT Fund Loan Scheme is designed to help members meet thier personal finance needs.

Application procedure

• One has to be member of the Association (NAGRAT).
• Must be a regular Fund Dues and NAGRAT Dues paying member.
• The person must at least contribute six (6) months to the Fund Loan Scheme.
• Collect an IPPD form from the nearest Regional Secretariat to be filled.
• Download the Nagrat fund loan application form from here or pick it up from the nearest Regional Secretariat to be filled.
• Ensure the form is endorsed by the Headmaster for second cycle School and by the Municipal Accountant/District Director for basic schools on the IPPD form.
• Ensure the guarantor is a NAGRAT member.
• Affix a passport picture.
• Submit original payslip/a photocopy of the payslip.
• Photocopy national ID/NAGRAT ID card.
• Finally, forward the filled form to Regional Office.

The NAGRAT retirement benefit is a one-time payment to memebers after they retire from active service.

Application Procedure :

Members are encouraged to apply as soon as they retire from active service, but when application is held after six (6) months the benefits would not be given. Download an application form from here or pick up from the nearest Regional Secretariat. Fill the forms carefully and return it to the Regional Secretariat. Attach payslip reflecting the date of retirement (required).

Download Form

The NAGRAT Death Benefit is a one-time payment made to a beneficiary or next of Kin when a NAGRAT member dies. It is also called a survivor benefit.

Application Procedure:

• Next of Kin are encouraged to apply immediately a member passes away, but when application is held after six (6) months the benefits would not be given.
• Download the Retirement/death benefit from from here or pick up from the nearest Regional Secretariat.
• Fill the forms carefully and return it to the Regional Secretariat.
• Attach a death certificate to death benefit (required for benefit payment).