Abstract
Student loans were first introduced in Ghana in 1971, but the scheme was abandoned the following year, due to a change of government. A revised scheme was introduced in 1975, but faced problems of high rates of default. Attempts to improve recovery since 1986 have had some success, but in 1989 the Government of Ghana introduced a new student loan scheme, which is administered by the Social Security and National Insurance Trust. This article summarises the current pattern of finance of higher education, gives a brief history of student loans in Ghana and describes the new scheme, introduced in 1989.
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References
1970/71 Budget Statement (Government of Ghana)
The University Students Credit Scheme Decree, 1975 (NRCD 356)
University Students Credit Scheme Amendment Law, 1986 (PNDC Law 155)
Students Loans Scheme Law, 1992 (PNDC Law 272)
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Kotey, N. Student loans in Ghana. High Educ 23, 451–459 (1992). https://doi.org/10.1007/BF00138631
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DOI: https://doi.org/10.1007/BF00138631