TimesGhana
  • Discover
  • News
  • Stories
  • Buzz
  • People
  • Guides
  • Featured
Reading: Ghana Doubles Student Loan Funding for 2025
Share
TimesGhanaTimesGhana
  • Discover
  • News
  • Stories
  • Buzz
  • People
  • Guides
  • Featured
Search
  • Discover
  • News
  • Stories
  • Buzz
  • People
  • Guides
  • Featured
Follow US
EducationNews

Ghana Doubles Student Loan Funding for 2025

Isaac Oduro
6 July 2025
Ghana Doubles Student Loan Funding for 2025

The Ghanaian government has suggested plans to greatly increase funding for student loans as part of a historic effort to make higher education more accessible.

Starting in the school year 2025/2026, the Ghana Education Trust Fund (GETFUND) would send a lot more money to the Students Loan Trust Fund (SLTF). The amount would rise from GH¢70 million to GH¢150 million.

This important news was shared by Minister of Education Haruna Iddrisu at a press conference in Accra. Minister Iddrisu says that getting into college will be easier for all students, but especially those who are less fortunate.

More young Ghanaians will be able to follow their academic dreams without worrying about money now that the funding has gotten better. This should help students deal with the stress of having to pay for things.

The government hopes that this extra money will help more students go to college. For the country to grow and do well, its workers need to be better educated.

Why the GETFUND to SLTF Allocation is Important

The Students Loan Trust Fund (SLTF) wants to help Ghanaian students pay for college. There are a number of important changes that are likely to happen because of the recent increase in funding:

  • With more sources of funding, more students will be able to access education easily. 
  • The extra money will help the SLTF speed up the process of giving out loans. Making things run more smoothly and cut down on the delays that students have to deal with.
  • This program is in line with the government’s “No Fees Stress” policy: It aims to make it easier for first-year students to get higher education by removing financial barriers. The government backs it. 

From GH¢70m to GH¢150m

In the previous years, the GETFUND allocation has been GH¢70 million but this initiative moves the budget up to GH¢150 million for 2025. Such a big change in policy that will surely make it easier for students to get access to education.

This NDC Mahama government is doing things ahead of time to make sure that qualified students can get the education they want by putting more money into the Students Loan Trust Fund (SLTF).

We all hope that this change in thinking will help future generations make big contributions to the economy and society.

Minister Haruna Iddrisu made a promise when he was appointed, to get a big increase in funding to make Ghana’s scholarship system better. 

He also said that he would use this extra money to bring the Scholarship Authority Bill to Parliament. 

This proposed law would make a lot of big changes to the country’s scholarship system, starting from the bottom up:

The law’s goal is to get rid of any favoritism or nepotism in the process of giving out scholarships so that all students have an equal chance to compete for financial aid based only on their qualifications and merits.

One great thing about this project is that the beneficiaries will be able to see how the process works and what the results are. Because these awards will reported to the public on a regular basis.

It is suggested that there be one central body in charge of managing scholarships to make it easier to run them. 

This will make it easier to keep an eye on things. For better monitoring, less work duplication, and a single way to evaluate scholarship applicants.

Ghanaianas have a lot less faith in the scholarship system now than they did before, and these changes go beyond just paperwork. 

The government is putting a lot of emphasis on openness and responsibility to make sure that deserving students, those who show exceptional academic performance and promise, get the help they need to keep studying.

Share This Article
Facebook Whatsapp Whatsapp Copy Link

Trending

Mohammed Kudus’ New 6-year Contract with Tottenham Hotspurs Sealed in £55m Transfer Deal

NPP’s Justin Frimpong Kodua Challenges Mahama to Fulfill Health Trainee Posting Promise

UTAG Charges GTEC to Crack Down on Academic Fraud

2-Year-Old Ghanaian Artist Ace-Liam Named 2025 Global Child Prodigy In Art

Accra Hearts of Oak Team

Accra Hearts of Oak Announces New Technical Team Ahead of Upcoming Season

The Management of Accra Hearts of Oak has named a new technical team to steer the affairs of the club…

Join Our WhatsApp Channel

Follow our Facebook Page

Join us on YouTube

Latest

Ghana Basic School Classroom
Education

GES Returns to Old Basic School Calendar – BECE Set for May 2026

Mahama's $10 Billion ‘Big Push’ Agenda team
Stories

Mahama’s $10 Billion ‘Big Push’ Agenda: Pledging Transparent Use of Oil Revenues

Ghana Finance Minister-Ato Forson
News

Deputy Majority Leader Confirms Date For Ghana’s 2025 Mid-Year Budget Review

Ghana New Anti-Corruption Strategy Team
News

NDC’s New Ghana Anti-corruption Strategy Team Inaugurated

Okudzeto Ablakwa with Chinese ambassador
News

Okudzeto Ablakwa’s Efforts Seen In Securing 0% tariff Charge For Ghana – China Exports

Dancehall King In Africa: Shatta Wale's Legacy
Stories

Dancehall King In Africa: Shatta Wale’s Legacy

Show More
Facebook Twitter Youtube Instagram Tiktok

© TimesGhana. All Rights Reserved.

  • About Us
  • Privacy Policy
  • DCMA
  • Terms
  • Contact Us