Ghanaian Times

The paper carries a story "NIB introduces school Fees Loan package" as one of its stories on the front page. According to the story, the National Investment Bank (NIB) has designed a school fees loan package for salaried workers to relieve them of paying school fees at a go. The paper continued that, the Director of the Appraisal Department of the bank Dr. Adu Amankwah at the launching of the package, said it was necessary in the face of continuous increase in school fees and commercialization of education for the introduction of this package. Explaining the scheme, the paper said Mr. Gideon G. Agbemabiase Director of the Commercial Banking Department, said parents can be eligible for the package if they open an account with NIB with a minimum deposit of 20 percent of the annual fees to be maintained on account, before the bank moves into agreement with the educational institution to pay fees on behalf of parents or guardians. The paper concluded that, Mr. Agbemeshie said the package will make payment of school fees easy, and full accademic year fees will be assured. Loans will be automatically adjusted to reflect increases in school fees, he added.