Education Minister Haruna Iddrisu has announced a major boost in funding support for tertiary students, revealing that the Ghana Education Trust Fund (GETFUND) will increase its allocation to the Students Loan Trust Fund from GH¢70 million to GH¢150 million.
He made this known during the launch of the ‘No Fees Stress’ policy on Friday, July 4, 2025, aimed at easing the financial burden on students seeking higher education.
“Next year, the GETFUND will double its allocation to the Students Loan Trust from 70 million to 150 million to support students who may want to access it further,” Mr. Iddrisu stated.
In addition to the funding increase, the Minister disclosed that the government is taking steps to reform the scholarship system to ensure fairness and transparency.
He revealed plans to present a new bill in Parliament next week to address longstanding issues related to favouritism in scholarship awards.
“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 said.
