The Students Loan Trust Fund Takes 8 Public Institutions to the Police for Loan Deduction Failures

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The Students Loan Trust Fund (SLTF) has taken legal action against eight public institutions for their failure to deduct and remit loan repayments from the salaries of 98 employees who borrowed from the fund during their education. The defaulting employers have been warned by the police to either comply with these deductions or face court action.

Sources have indicated that the institutions have already received police notices to address the issue before the Criminal Investigations Department (CID). Despite being served notice on three occasions, the affected institutions have yet to take action.

Nana Kwaku Agyei Yeboah, the CEO of SLTF, emphasized the fund's commitment to recovering outstanding loans to ensure continued financial support for Ghanaian students seeking higher education. Rosemary Aryee, Deputy Director of Repayment and Resource Mobilization at SLTF, stressed that the failure of employers to comply with loan deductions has been a persistent issue hindering the fund's ability to support current and future students.

Legal action has been taken as a last resort to enforce compliance. Section 24 of the SLTF Act 2011 (Act 820) mandates employers to deduct loan repayments from the salaries of employees who benefited from the student loan scheme and remit the funds to the trust. 

Unlike a contractual duty, a statutory duty, once imposed by law, does not require privity to discharge the obligation under it. Therefore, employers in Ghana are required to deduct and remit students' loan repayments to the fund, regardless of any student's contract with the employer. Failure to do so can result in personal liability for employers or directors.

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