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05.08.2021 Letter

Dear Student Loan Trust Fund, you need to be fixed

By Adjei Boakye
Dear Student Loan Trust Fund, you need to be fixed
LISTEN AUG 5, 2021

Student Loan Trust Fund (SLTF) as we all know was established under the Trustee Incorporation Act 1962, Act 106 to provide financial support for the benefit of students. The mission and vision behind the establishment was clear, well stated in Student Loan Trust Fund Act 2011, Act 820 passed by Parliament of Ghana.

Fast forward, it has been in operation for years, with the aim of assisting students to pay their fees, and also provide for some educational materials and other basic needs. Well, as I'm concerned, it has not shifted from its core mandate.

Notwithstanding, Let me commend the leadership of the National Union of Ghana Students (NUGS) for deeming it vital to always liaised with government on matters relating to SLTF. However, Negotiations upon negotiations, meetings upon meetings just to ensure that the loan is always disbursed on time to beneficiaries. The current executives have pushed to the extent that, a nominee has been presented to represent NUGS on the board of directors of SLTF. They have done well to that effect.

The current state of SLTF is unattractive and the least said about it the better as beneficiaries are wallowing in sadness and hopelessness about disbursement anytime soon. As it stands, thousands of beneficiaries ranging from level 100 who applied have not been given a "Kobo". Continue students too are yet to hear good news. I have some questions to ask:

1. When is the government constituting the governing board of SLTF?

2. When will government appoint a new CEO to manage the affairs of the ailing institution?

3. When will the Ministry of finance and GETFUND see the need to disburse funds to this institution?

4. When is SLTF paying its beneficiaries?

The above need some urgent answers. We are pleading with the government to as a matter of urgency consider and put the trust fund on truck again as it used to be. The truth is that beneficiaries are not happy about the current situation, life on the various campuses is really tough for beneficiaries.

There are a lot to be fixed at Student Loan Trust Fund.

Adjei Boakye,

Convener- ASLB,

No. 447, Akobam street.

+233(0)552905813

04|08|21

Cc: NUGS

Ministry of Education.

Ministry of Finance.

Ghana Education Trust Fund.

Media Houses.

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