Gov’t increases students’ loans by 50%

As the government acknowledges there is a financial challenge facing tertiary students in both private and public institutions in the country, it has increased student loan facilities.

“The good news is that the loan amount has been increased by 50 percent and ranges between GHS1,500 and GHS3,000,” the Education Minister made the statement in an address read by Professor Yayra Dzakadzie, the Deputy Director of Ghana Education Tertiary Commission (GTEC), during the 24th Congregation of more than 1,500 graduates of the Ho Technical University (HTU).

Dr Yaw Adutwum said the Ministry of Education was committed to enabling all children to reach their full potential as valuable members of society by providing equitable, inclusive, and high-quality education and opportunities for lifelong learning.

“Sometimes become an impediment for prospective students to pursue tertiary education and has gone further to roll out the ‘No Guarantor Students Loan Policy’ to allow tertiary students in both public and private institutions to access and secure loans by only providing their Ghana Card, he said.

The Minister said the government had paid some GHS 362,4 million as book and research allowances to eligible senior members of public tertiary institutions across the country.

Source: Kapital Online Team//2023