Students loan trust fund to start prosecuting loan defaulters in the coming weeks.


The management of the Students loan trust Fund has disclosed its intentions to start prosecuting loan defaulters who have benefited from the loan facility for decades now.

According to the loan facility from September 2022, they will begin prosecuting defaulters who have not even paid a cedi since 2012.

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The Chief Executive Officer (CEO) of the student’s loans trust Fund, Mr. Nana Kwaku Agyei Yeboah said some defaulters despite being gainfully employed and getting better paid every month have failed to honour their obligation and the Fund is going out there strongly against them.

Mr. Agyei Yeboah said the fund is determined to retrieve about GH¢70 million Ghana cedis this year. He further explained that they have consistently reminded people through their guarantor’s emails, text messages, etc but the defaulters have ignored all of these reminders from the Fund.

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And now the fund is taking those defaulters to court starting from September 2022 to retrieve the money back to the fund.

He noted that August 2022 was the final grace period for those defaulters.

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