The Students Loan Trust Fund (SLTF) has initiated proceedings against eight public institutions for their failure to facilitate the necessary deductions from employees' salaries and remit the funds to the trust.

A total of 98 employees, who had previously borrowed from the SLTF while in school, have been identified as non-compliant in repaying their loans. As a result, the SLTF has enlisted the support of the police to address this issue.

Law enforcement authorities have provided the defaulting employers with a final opportunity to rectify their non-compliance before facing court action.

According to Graphic Online, these institutions have already been officially notified to appear before the Criminal Investigations Department (CID) of the Ghana Police Service to address the matter. Despite being served notices on three separate occasions, the affected institutions have failed to respond to the police's request.

Chief Executive Officer of the SLTF, Nana Kwaku Agyei Yeboah, expressed his determination to recover the outstanding loans to ensure the continuity of financial support for Ghanaian students pursuing higher education. He underscored the fund's mission to aid students and future generations in accessing financial assistance for their educational pursuits.

Rosemary Aryee, the Deputy Director of Repayment and Resource Mobilization at SLTF, emphasized that the non-compliance of employers in deducting and forwarding loan repayments had been a persistent issue.

This non-compliance hindered the fund's ability to sustain support for current students and upcoming generations. She referred to Section 24 of the SLTF Act 2011 (Act 820), which legally obligates employers to deduct loan repayments from their employees' salaries and transfer the funds to the trust.

The Students Loan Trust Fund is an essential institution in Ghana, entrusted with facilitating access to higher education by providing financial support to students. Established under the Students Loan Trust Fund Act 2011, Act 820, it plays a pivotal role in ensuring that higher education remains accessible to all deserving Ghanaian students.