Factors influencing financial performance of teachers fund (2011 – 2015) .
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Date
2016-09
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KNUST
Abstract
The study investigated the factors affecting the performance of Teacher Fund, the effect of the Fund on teachers’ livelihood and the challenges affecting the management of the Fund. Primary data from fifty (50) teachers and ten (10) staff, and secondary data from the financial statements of the Fund were used for the analysis. Trend, regression and descriptive statistical analyses were used to present the findings.
The findings revealed that only members’ contribution significantly influenced the performance of the Fund. Even though the Fund provided members with loan facilities, some complained about the cumbersome procedures, delays and ceiling on the loan. Other challenges were over-diversification, poor savings and investment culture among teachers, IT systems, fluctuating returns on investment and high service charges by Controller and Accountant General’s Department.
The study recommended for the computerization of loan application system, increasing loan ceiling and increasing advertising to attract new members to the Fund.
Description
A Thesis Submitted To The Department Of Accounting And Finance In Partial Fulfilment Of The Requirements For The Degree Of Masters Of Science In Accounting And Finance.