The Management of the Students Loan Trust Fund (SLTF) has been closely following media reports that seem to suggest that teacher trainee allowances are not being paid.
We take this opportunity to inform the general public and our immediate stakeholders that payment of teacher trainee allowances started in October 2017 for the 2017/18 academic year.
Prior to the reintroduction of the allowances, the Students Loan Trust Fund which is now mandated by Government to disburse the allowances held extensive consultations with the Principals of Colleges of Education (PRINCOF) and the Teacher Trainee Association of Ghana (TTAG) to agree on the modalities for payment.
The SLTF also visited all 41 Colleges of Education who are benefiting from the allowance to educate the trainees on the conditions they need to satisfy to benefit from the allowance. For trainees to benefit from the allowance, certain conditions must be met by the trainee and by the College of Education in which s/he is enrolled in. The trainees must be duly registered in the academic year in their institution. In addition, the trainee must obtain a SSNIT number and an E-zwhich account number onto which the allowance is paid electronically. The College of Education must in turn forward a list of all eligible students to the SLTF for verification and payment.
The following is an update of the process so far:
The SLTF is committed to putting in place a rigorous disbursement system that will protect the public purse and serve its stakeholders efficiently.
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