The Students Loan Trust Fund (SLTF) has released GH¢25 million to cater for the allowances of 47,000 teacher trainees in all 46 colleges of education in the country.
“The payment represents two months of arrears, and we are working to pay an additional two months soon to clear all arrears,” the Chief Executive Officer of the Fund, Nuhu Bayorbo Mahama, told the Daily Graphic yesterday.
Restoration
Following the restoration of the allowances, each teacher trainee receives GH¢400 a month, with GH¢200 paid to their respective institutions as feeding grant and the remainder disbursed to the trainees.
Mr Mahama said the two months arrears being worked was about GH¢25 million.
The disbursed money, he said, was for the 2023/2024 academic year, and urged trainees who still had issues with the process to submit their data so they would receive their allowances.
The release of allowances to teacher trainees is the second bulk payment by the fund in a week following the disbursement of GH¢20 million as loans to students in various tertiary institutions across the country.
t brings the total amount released by the SLTF to GH¢45 million within a week.
The students loan was disbursed to 13,500 beneficiaries in the various institutions in the country.