Ghana’s Students Loan Trust Fund (SLTF) will begin deducting loan repayments from beneficiaries’ salaries next month, according to Acting Chief Executive Officer Dr. Saajida Shiraz. The move signals an increased effort by the SLTF to recover outstanding loan amounts. This initiative aims to ensure the financial stability of the Fund for future lending. The SLTF has not specified the exact percentage of salaries to be deducted or the criteria for repayment schedules. Officials state the deductions are crucial for the Fund’s long-term viability and continued support of students. Further details regarding individual repayment plans are expected to be communicated to borrowers shortly. The commencement of deductions marks a significant step in the SLTF’s loan recovery process.
