Tamale, Northern Region — July 4, 2025
Ghana’s Minister for Education, Hon. Haruna Iddrisu, has announced a major increase in the Ghana Education Trust Fund’s (GETFund) allocation to the Students Loan Trust Fund (SLTF), rising from GH¢70 million to GH¢150 million starting next year.
Speaking at the launch of the government’s flagship “No Fees Stress” policy at the SDA College of Education in Koforidua, the minister emphasized the administration’s commitment to expanding access to tertiary education and reducing financial burdens on students.
“Next year, the GETFund will double its allocation to the Students Loan Trust from 70 million to 150 million cedis to support students who may want to access it further,” Mr. Iddrisu was quoted by Myjoyonline.com as saying.

The “No Fees Stress” initiative is part of the broader education reform agenda of the John Dramani Mahama-led government, which seeks to remove upfront admission and registration fees for public tertiary institutions.
In addition to the increased funding for student loans, Hon. Iddrisu revealed plans to overhaul Ghana’s scholarship award system. He announced his intention to present the Scholarship Authority Bill to Parliament in the coming week to address longstanding complaints of bias and favoritism.
“I will next week, on your behalf and in honour of one of your campaign policies, lay before Parliament the Scholarship Authority Bill to deal with the nepotism and cronyism that was associated with the scholarship award scheme,” he stated, as reported by Myjoyonline.com.
Education stakeholders have lauded the announcement, describing it as a step toward equity, meritocracy, and the fulfilment of the constitutional right to education. The boost in student loan financing is expected to broaden access to tertiary education, especially for students from underprivileged backgrounds.
If passed, the proposed Scholarship Authority Bill would establish an independent body to oversee the distribution of scholarships, promote transparency, and ensure that deserving students benefit from state-sponsored educational assistance.
As the 2025/26 academic year approaches, the Ministry of Education is expected to roll out detailed implementation plans in collaboration with tertiary institutions, student bodies, and civil society organizations.
Source: Excerpts and quotes in this article were originally reported by Myjoyonline.com.