Education Minister Haruna Iddrisu has called for a portion of Ghana’s oil revenue to be dedicated to sustaining the No Fees Stress Policy, amid growing concerns over the programme’s financial future.
Speaking at a stakeholders’ engagement organised by the Students Loan Trust Fund on Friday, September 5, Mr. Iddrisu proposed that 2.5% of the country’s oil revenue be channelled into scholarships and bursaries to guarantee the policy’s sustainability.
He cautioned that relying solely on the GETFund would be inadequate.
The policy, designed to ease the financial burden of tertiary education, has come under scrutiny from analysts who describe it as politically appealing but fiscally fragile without a clear funding framework.
Meanwhile, CEO of the Students Loan Trust Fund, Dr. Saajida Shiraz has reassured students that reimbursements would begin in the coming months, a move she believes will help ease tensions and restore trust.
The future of the policy now depends on whether government can secure sustainable funding, as stakeholders call for urgent action and students await the promised reimbursements.