Audio By Carbonatix
Education Minister Haruna Iddrisu has called for a portion of Ghana’s oil revenue to be dedicated to sustaining the No Fees Stress Policy, amid growing concerns over the programme’s financial future.
Speaking at a stakeholders’ engagement organised by the Students Loan Trust Fund on Friday, September 5, Mr. Iddrisu proposed that 2.5% of the country’s oil revenue be channelled into scholarships and bursaries to guarantee the policy’s sustainability.
He cautioned that relying solely on the GETFund would be inadequate.
The policy, designed to ease the financial burden of tertiary education, has come under scrutiny from analysts who describe it as politically appealing but fiscally fragile without a clear funding framework.
Meanwhile, CEO of the Students Loan Trust Fund, Dr. Saajida Shiraz has reassured students that reimbursements would begin in the coming months, a move she believes will help ease tensions and restore trust.
The future of the policy now depends on whether government can secure sustainable funding, as stakeholders call for urgent action and students await the promised reimbursements.
Latest Stories
-
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
40 minutes -
Nearly 400 sentenced in Nigeria for links to militant Islamists
1 hour -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
1 hour -
Kwaku Azar writes: A-G vs OSP
2 hours -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
2 hours -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
2 hours -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
3 hours -
Barcelona dominate derby to extend La Liga lead
3 hours -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
3 hours -
Importers and Exporters Association declares full support for Publican AI port system
4 hours -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
4 hours -
Volleyball emerges as Ghana’s fastest rising sport
4 hours -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
4 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
4 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
5 hours