Audio By Carbonatix
President of the National Union of Ghana Students, Dennis Appiah Larbi-Ampofo, has called on government to review the Students' Loan policy that allows interest to be charged on the loans while students are still in school.
Speaking at the launch of the Students Loan Trust Fund’s ‘No Guarantor’ policy, he said charging interests on the loans while students are in school defeats the essence of the SLTF, which is to cushion beneficiaries.
“Your Excellency, are you aware that interest is charged on the loans students take even whiles they are students? We will appeal to your good office to take this matter up and do something about it,” he told the Vice President, Dr Mahamudu Bawumia.
In addition to this, he urged the government to ensure that the disbursement of the loans to beneficiaries is timely.
Mr Larbi-Ampofo said the delays in the disbursement cause untold hardships to students and affect their academic performance.
“On behalf of the ten million students in Ghana, I would like to extend my appreciation to government for the implementation of this landmark policy” he said.
Meanwhile, he advocated an increment in the amount paid to beneficiaries, saying the current amount of ₵3,000 per academic year is inadequate for many students.
The launch of the ‘No Guarantor’ policy was graced by top-ranking government officials led by the Vice President of the Republic, Dr Mahamudu Bawumia, the Education Minister, the Ashanti Regional Minister, Mayor of Kumasi and the Chief Executive Officer of the SLTF.
At the event, the SLTF CEO was honoured with a portrait from NUGS.
According to the NUGS President, the gesture was in recognition of the CEO's innovative and transformative leadership to the Fund.
He added that the leadership of the fund has been very responsive to their plight in times of need.
Latest Stories
-
Abolish or Reform? Abu Jinapor counsels sober reflection on debate over future of Special Prosecutor’s Office
40 seconds -
2026 World Cup: Can Ghana navigate England, Croatia, and Panama in Group L?
11 minutes -
NAIMOS task force arrests 9 Chinese illegal miners, destroys equipment at Dadieso
38 minutes -
NAIMOS advances into Atiwa Forest, uncovers child labour, river diversion and heavy machinery
49 minutes -
NAIMOS Task Force storms Fanteakwa South, dismantles galamsey operations
1 hour -
The Kissi Agyebeng Removal Bid: A Look at the Numbers
2 hours -
DVLA to roll out digitised accident reports, new number plates and 24-hour services
2 hours -
DVLA Workers’ Union opens 2025 Annual Residential Delegates Congress with call for excellence, equity and solidarity
3 hours -
Scholarships Secretariat sets December 8–9 interviews for Commonwealth Scholarship applicants
3 hours -
WASSCE decline reveals deep gaps, there’s need to overhaul education system – Franklin Cudjoe
4 hours -
JOY FM Drive Time host Lexis Bill leads fans up Aburi Mountain in energetic ‘Walk With Lexis’ fitness experience
4 hours -
2026 World Cup: Ghana to open campaign in Toronto against Panama
4 hours -
President Mahama, Lordina support retired Assemblies of God pastors, widows with medical care and Christmas gifts
4 hours -
2025/26 GPL: Nations FC fight back to claim 2-1 win over Heart of Lions
4 hours -
Tanzania responds to international criticism over October post-election events
4 hours