Audio By Carbonatix
The Students Loan Trust Fund (SLTF) says it has published the first batch of names and photographs of some defaulting borrowers in the ‘Daily Graphic’ newspaper.
The move follows an earlier publication warning defaulters to repay their loans or contact the Fund to agree on payment terms.
The Head of Public Relations at the SLTF, George Ferguson Laing, said that the publication of names and pictures is in accordance with the Students Loan Trust Fund Act, 2011, Act 820 Section 26 (1-7).
“In the coming days and weeks, we will be publishing more names and pictures, after which we will start prosecuting defaulters,” he said.
According to the Recovery Manager of the Fund, Mr. Justice Wiafe Sarkodie, when borrowers refuse to repay loans, the sustainability of the Fund is threatened, hence the decision of Management of the Fund to aggressively pursue defaulters.
He appealed to borrowers to pay up so that other citizens can also benefit from the assistance.
Data from the SLTF reveals that some 55,000 borrowers are currently expected to be repaying their loans, 35,000 of whom are doing so, with 20,000 not paying.
According to the Recovery Manager of the Fund, Mr. Justice Wiafe Sarkodie, when borrowers refuse to repay loans, the sustainability of the Fund is threatened, hence the decision of Management of the Fund to aggressively pursue defaulters.
He appealed to borrowers to pay up so that other citizens can also benefit from the assistance.
Data from the SLTF reveals that some 55,000 borrowers are currently expected to be repaying their loans, 35,000 of whom are doing so, with 20,000 not paying.DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
5-year term will be harsher on presidents, not kinder, says Constitution Review Chair
10 minutes -
BoG set to exit gold trading business, describes IMF’s losses tag as premature
29 minutes -
Minerals Commission Board member warns Blue Water Guards against bribes
30 minutes -
Santasi–Ahodwo dualisation takes off; businesses given final eviction deadline
33 minutes -
Proposed 5-year presidential term will not apply to Mahama – Prof Prempeh
37 minutes -
Key observations on the Constitutional Review Commission Report submitted to President Mahama
41 minutes -
Video: JoyNews engages Prof Kwasi H. Prempeh on proposed constitutional reforms
45 minutes -
Awaso STEM SHS matron, cook remanded for allegedly stealing food items
48 minutes -
Deputy Finance Minister hails ADB’s remarkable turnaround, record growth and rising confidence
1 hour -
Why 5-year presidency may end 8-year tradition – H. Kwasi Prempeh explains
1 hour -
Ashanti Regional Council of Elders commends NPP minority caucus for parliamentary resilience
2 hours -
ECOWAS admits Burkina Faso, Mali and Niger as non-ECOWAS members of GIABA
2 hours -
Road Safety Authority urges road users to avoid alcohol and drugs during yuletide
2 hours -
Sekondi-Takoradi is the Christmas city of Ghana—Takoradi MP
2 hours -
Christmas celebration: Expose wrongs, embrace lawful initiatives—Clergy urge Ghanaians
2 hours
