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
-
Over 38,000 commercial, 150,000 residential customers unbilled – Ghana Water MD
11 minutes -
Several injured as Sprinter bus collides with ‘trotro’ at Odorkor
11 minutes -
Ghana records progress on reparatory justice agenda – Ablakwa
28 minutes -
Mahama commissions Christian Tetteh Yohuno Ward Complex at Police Hospital
43 minutes -
Vice President calls for wider access to Ghana’s political party histories
43 minutes -
Republic Bank JoyNews Habitat Fair to connect prospective homeowners with exhibitors in Ho from October 16 to 18
53 minutes -
Obaasima Summit: ‘AI is not a spiritual attack’ — Rev. Dr. Ofori-Boateng urges young women to embrace technology
1 hour -
GHS to distribute 80,000 pairs of locally-made protective footwear to health workers
1 hour -
GoldBod boosts local jobs as 90% of gold undergoes refining in Ghana – Sammy Gyamfi
1 hour -
The search for the politically unblemished: Are we asking the impossible of public appointees?
1 hour -
Ghana seeks climate finance access for debt-restructuring countries
1 hour -
Afenyo-Markin urges stronger media scrutiny of public institutions
1 hour -
GoldBod recovers GH¢38.7m in legacy PMMC debts, targets remaining arrears
1 hour -
62 out of every 100 commercial meters inspected missing from Ghana Water database – MD
1 hour -
GoldBod gets BoG authorisation to sell forex, Sammy Gyamfi tells PAC
1 hour