- Students Loan Trust Fund has made public names and photos of defaulters
- The publication in the national dailies indicated the defaulters took loans while in school and have failed to pay back
- The SLTF says the Fund is only sustained by borrowers repaying loans
- OUR MANIFESTO: This is what YEN.com.gh believes in
Photos and details of defaulters of the Students Loan Trust Fund (SLTF) scheme have been published in the Daily Graphic newspaper.
According to the board and management of the government student loan scheme, the list is a compilation of defaulters from 2010.
The statement further stated that the defaulters are from the University for Development Studies, University of Ghana, University of Cape Coast, Kwame Nkrumah University of Science and Technology; and polytechnics across the country.
“The publication of names and pictures is in accordance with the Students Loan Trust Fund Act, 2011, Act 820 Section 26 (1-7).
“In the coming days and weeks, we will be publishing more names and pictures, after which we will start prosecuting defaulters,” head of public relations at the SLTF, George Ferguson Laing said.
The management of the Fund also noted that the inability and refusal of borrowers to repay their loans is collapsing the scheme.
Recovery Manager of the Fund, Justice Wiafe Sarkodie appealed to borrowers to pay back so that other students will also benefit from the scheme.
The data at the SLTF indicate that 20,000 borrowers are failing to repay loans taken.
But one of the defaulters in the dailies said he hasn’t been able to pay back his loan because, since completion of school in 2011, he has not found a proper permanent job.
He added that he currently lives from hand-to-mouth.
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“I can’t even have enough to eat and they keep sending me text messages to worry me. If I get a job, I will pay. I don’t like pressure. I am already under pressure,” he told Mynewsgh.
This makes it the second time in the week that Dr. Bawumia has cut the sod for roads captured in the approved lots under Phase 1 of the Ghana-Sinohydro Master Project Support Agreement.
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