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27.01.2020 Press Release

Student Loan Trust Fund Has Failed Tertiary Students ― Group

Student Loan Trust Fund Has Failed Tertiary Students ― Group
LISTEN JAN 27, 2020

The etymology of Student Loan Trust Fund (SLTF) was that it was established in December, 2005 under the trustee incorporation Act 1962 and Act 820 with the main focus and objective of providing financial support and resources for the sound management of the trust for the benefit of students and to help promote and facilitate the national ideals enshrined in the article 28 and 38 of the 1992 constitution.

Pursuant to Article 28 clause 4 and Article 38 clause 1, we think the establishment of this trust fund is not out of order and indeed it's a good cause in the right direction.

The recent delay in disbursement of funds from the outfit of SLTF is gradually deepening alot of wounds, breaking legs and hearts of vulnerable tertiary students across the country. We don't think, this fund was created to stage this agenda. The broad picture in which this Trust Fund is creating looks uninspiring and scary but we can not tolerate it anymore as Students.

A lot of students, across the length and breadth of this country who are beneficiaries of this Fund, are very very disappointed to the extent that, a lot feel hopeless.

It is indisputable fact that some students have deferred their course, and some too were prevented to take part in the end of semester exams. We the aggrieved beneficiaries of this fund can't afford to end our tertiary education at levels 200 and 300. The kind of challenges in which we are going through is gradually putting us off from the educational ladder.

We can't wait anymore, the time has come, the hour is now, and this is the exact minute for us to fight for our constitutional right. We are sick and tired of the flimsy excuses from the management of this Trust Fund. We promise them, we will hit the street and exhibit our displeasure to the authorities if the necessary actions are not taken. As an association, we are giving the management of Student Loan Trust Fund (SLTF), one week ultimatum to do the needful (disburse the money).

We will take this opportunity to appeal to the Minister of State in charge of Tertiary Education, Professor Kwesi Yankah, and the Minister of Education to step in immediately and solve this issue once and for all. We will also urge the Ministry of Finance to do the needful in the coming days because some tertiary students in Ghana are going through hell.

Thank You.
Adjei Boakye.
Adjei Shadrack
Head of Communication.
Simon Awotumyeigi.
Head of Operations.
Hamza Umar.
NUGS President UDS - Wa campus.

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