Professor Kwasi Opoku-Amankwa, the Director General, Ghana Education Service has advised staff of the Service to start investing for their future projects before retirement.
Prof Opoku-Amankwa said planning was the biggest asset in meeting their future aspirations and urged the staff to explore and seek for more information about housing schemes and not only rely on assumptions.
The Professor said this in Accra at a business fair for staff of the Service to engage Estates Developers and banks for interactions on housing schemes and the processes involved in owning a property.
He said many people would love to plan and own a property, but were scared because of affordability, urging the staff not to be discouraged about their little finances but more importantly seek expert advice and start from somewhere.
The Director General said there were a lot of Estate Developers providing affordable housing for public workers and a national homeowners fund available at the Ministry of Finance for public workers to take advantage of.
He said in April 2023, the Service organised a durbar to discuss issues relating to staff work and invited various insurance companies to find solutions of securing a better future through insurance packages.
The Professor stated it was necessary because when staff were no longer in active service, the insurance package would cushion and make them productive during their pension lives.
“Sometimes we look at our salary and think it is small to save for future needs. We want to learn from the experiences of others and correct our mistakes, hence the need to engage with these companies.”
“The important key is that the companies will look at your finances and come up with a strategy for you to pay. Do not see it even as a fun fair but be serious and plan for your future and hopefully we will expand it to the other regions,” he said.
He advised the staff not to wait a year to pension before they start building, saying “You don’t have to necessarily get a five or six Storey building but can start with a two bedroom because a little drop of water makes a mighty ocean.”