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
-
The coup doesn’t need soldiers anymore: Social media and the new assault on African democracy
7 seconds -
Works and Housing Minister pushes to cut Kaneshie road closure from one year to 6–9 months
3 minutes -
Joy FM Back-to-School Fair: Patrons to enjoy up to massive discounts from vendors
21 minutes -
Mahama gives TMA, TDC 14 days to resolve development control dispute
22 minutes -
‘We cannot arrest the entire school, but we know the ringleaders’ –– Police warns Okuapem, Mount Sinai students
30 minutes -
UN warns of ‘supersized’ El Niño as countries prepare for impact
31 minutes -
Channel smuggling gangs resort to ‘mega-dinghies’ as crackdown limits small boat supply
31 minutes -
Embattled Spanish PM Sánchez insists no prior warnings before Ceuta crisis
31 minutes -
Palestinian teens killed during settler attack on West Bank village, officials say
31 minutes -
Foreign Affairs Ministry responds to Fourth Estate attestation investigation, bars middleman from premises
32 minutes -
Zanetor Agyeman-Rawlings calls for balance between development and environment protection
35 minutes -
About 17% of 2026 BECE candidates had aggregates 6–18 – CSSPS
38 minutes -
CSSPS explains how raw scores can override aggregate in SHS placement
47 minutes -
Only 35% of 2026 BECE candidates scored aggregates 6–24 – CSSPS
52 minutes -
Only 17% of 2026 BECE candidates score aggregates 6–18 – CSSPS
53 minutes