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
-
Ghanaian delegation set for January 20, 2026 trip to Latvia in Nana Agyei case – Ablakwa
19 minutes -
Accra turns white as Dîner en Blanc delivers night of elegance and culture
2 hours -
War-torn Myanmar voting in widely criticised ‘sham’ election
4 hours -
Justice by guesswork is dangerous – Constitution Review Chair calls for data-driven court reforms
4 hours -
Justice delayed is justice denied, the system is failing litigants – Constitution Review Chair
5 hours -
Reform without data is a gamble – Constitution Review Chair warns against rushing Supreme Court changes
5 hours -
Rich and voiceless: How Putin has kept Russia’s billionaires on side in the war against Ukraine
6 hours -
Cruise ship hits reef on first trip since leaving passenger on island
6 hours -
UK restricts DR Congo visas over migrant return policy
6 hours -
Attack on Kyiv shows ‘Russia doesn’t want peace’, Zelensky says
6 hours -
Two dead in 50-vehicle pile up on Japan highway
6 hours -
Fearing deportation, Hondurans in the US send more cash home than ever before
7 hours -
New York blanketed in snow, sparking travel chaos
7 hours -
Creative Canvas 2025: Documenting Ghana’s creative year beyond the noise
10 hours -
We would have lost that game last season – Guardiola
10 hours