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
-
Ghana Card is a critical national asset – Interior Minister
20 minutes -
Northern Regional police arrest 24 suspects, retrieve suspected Indian hemp and Tramadol
43 minutes -
Speaker urges Commonwealth unity for global stability and security
47 minutes -
From GH¢155 billion a year to GH¢500 billion a month! The amazing story of how interoperability in 2018 has driven Ghana’s mobile Money Growth
47 minutes -
Ghana Card is gateway to national services – Interior Minister as NIA marks 20 years in operation
55 minutes -
Torrential rain submerges 50 houses in Cape Coast
1 hour -
OLAG crowned winners of ACE Spoken Word Contest
1 hour -
Medical and Dental Council worried over growing misconduct complaints against health professionals
1 hour -
Mahama cut sod for construction of 24-hour economy market in Bole
2 hours -
UNFPA and partners triple fistula repairs but Ghana needs 2,249 a year to meet 2030 target
2 hours -
Eastern Regional Fire Commander rallies officers to meet 2026 fire safety targets
2 hours -
Bosomtwe STEM Girls SHS team returns to rousing welcome after World Robofest Championship feat
2 hours -
Amin Adam warns against politicising banking regulation after GN Savings ruling
2 hours -
GN Savings ruling poses fiscal and financial-stability risks – Amin Adam
2 hours -
Amin Adam calls on BoG and Finance Ministry to explain implications of GN Savings ruling
3 hours