Gov’t spends GH¢917m on ‘No-Fees-Stress’ policy for 321,807 students
The government has so far spent GH¢917 million to support students under the No-Fees-Stress Policy, the Minister of Education, Haruna Iddrisu, has revealed. He said the money, which covered 321,807 students, was paid from budgetary support from the Consolidated Fund. The GH¢917 million is a direct flow from the Ministry of Finance from the Consolidated […]
The government has spent GH¢917 million to support students under the No-Fees-Stress Policy, Minister of Education Haruna Iddrisu announced. This funding, derived from budgetary support from the Consolidated Fund, has benefited 321,807 students. The initiative, launched by the Students Loan Trust Fund (SLTF) and the Ghana Education Trust Fund (GETFund), aims to alleviate the financial burden of tertiary education for Ghanaian students, as committed in President John Mahama's 2024 Resetting Ghana Manifesto.
However, Iddrisu highlighted one challenge: timely release of funds is crucial to prevent the initiative from failing. The No-Fees-Stress Policy comprises five sub-components, including free academic fees, free tertiary education for persons with disabilities, expanded student loan schemes, and digitalization of the system. The SLTF's CEO, Dr Saajida Shiraz, explained that the fund's mandate has been expanded due to the No-Fees-Stress Policy, transforming it into a transformational initiative to ensure financial standing should not hinder access to tertiary education.
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