Dr. Kofi Nkrumah-Young Vice President  Finance & Business Services

The Vice –President – Finance and Business Services is responsible to the President for the general administration and control of the financial, accounting and procurement affairs of the University.

The division consists of Business Management, Financial Accounting and the Procurement and Administrative Services Departments. A total of Sixty-three persons are employed in the division.

For the past four years the department has been hosting an annual budget seminar. The aim is to enable Budget Holders to adequately plan for their divisions. During the seminar the financial results of past years are reviewed and the projections for the current year is made.

In April 2003 the division implemented the Responsibility Centre Management. This is an approach to financial management where Budget Centres are held accountable for expenditures as well as income.

Budget Centres are divided into three areas:

• Core Function Revenue Producing Areas (CFRPA)
• Support Centres and
• Subsidized Centres