The Management of the Students Loan Trust Fund (SLTF) in due course will launch the no guarantor policy aimed at ensuring tertiary students acquire loans with no guarantor, the Minister for Education, Dr Yaw Adutwum has said.
Hon Adutwum disclosed this at the inauguration of a new Board of Trustees for the Trust Fund. The initiative was announced in the 2020 manifesto of the Akufo-Addo led New Patriotic Party (NPP) ahead of the 2020 general polls.
The Vice-President of the Republic of Ghana, Dr Mahamudu Bawumia at speaking at a press conference monitored by EducationWeb.com.gh last year said prospective students would only need a Ghana Card to access the loan.
In a short address after the inauguration ceremony, the Education Minister encouraged the board members to be innovative in their quest to raise funding for the Loan Trust Fund and not depend on GETFUND for funds.
“With the increased demand for student loans, the major challenge of this Board will be to explore new funding sources to meet the needs of students. I, therefore, charge you all to make this your top priority as a board,” he said.
The Chairman of the Board, Jacob Kwabena Adjei in his remark thanked President Akufo-Addo and assured the Minister for Education the board will work together to propel the SLTF into a world-class organization.
Members of the SLTF board are; Nana Kwaku Agyei Yeboah (SLTF CEO), Cathrine A. Appiah-Pinkrah (Ministry of Education), Desmond Amoah (SSNIT), Richard Koduah (Ghana National Union of Polytechnic Students).
Others are Alexis Kwabena Asuinura (GETFUND), Hilda Agyepong Asante (G.T.E.C), Yvonne Asare Yeboah (Ghana Employers Association) and Richmond Ansah Gyambiby (Attorney General’s Office).
His Excellent Nana Addo Dankwa Akufo-Addo’s nominees on the Students Loan Trust Fund (SLTF) board are Nana Akua Ayivor, Dr John Kwame Boateng, Dorothy Danso and Enoch Hemans Cobbinah.