Audio By Carbonatix
Tamale Technical University (TTU) has been commended for its financial discipline, with members of the Public Accounts Committee (PAC) applauding the school’s impressive turnaround and strict adherence to Auditor-General recommendations.
The recognition comes after TTU swiftly implemented the recommendations and achieved a dramatic increase in interest earnings, rising from 1.7 million to 13 million cedis within a year.
Appearing before the committee on Thursday, November 6, were the management team—including the school’s Internal Auditor, Director of Finance, and Registrar—led by Vice Chancellor Prof. Bashiru Imoro Saeed.
Chairperson of the committee, Abena Osei-Asare, highlighted the university’s achievements, saying, "You moved from a surplus of 1.7 million to a surplus of 13 million, and you improved so much on your current ratio, where you could cover your short-term liabilities needs by 2.6 times to 7.6 times."
She added, "It means you are doing something right, and we ought to support you for you to build on to whatever you are doing, and for other universities to also come and study from what you are doing. So I am impressed with what I have seen, and I have also seen that you are able to raise close to one-third of what government gives you as IGM, and that is commendable."
She further highlighted the university’s financial prudence, noting, "Government gives you 100 million, and then you raise almost 30 million from your own internally generated funds, and that is commendable. Even your project income, the project income that you received, and your project expenses, you make sure you did not spend more than what you received, and that is prudence. So keep it up."
On maintaining and building on these results, she emphasised, "Whatever it is that you have to do to make sure you maintain and improve upon this result that you have shown to us from the auditors, you have to do it and do it well. So I am for Tamale. It is not just me, but your figures are speaking to what I am saying. Well done."
The PAC’s praise underscores TTU’s growing reputation as a model of financial discipline and accountability in Ghana’s tertiary education sector.
Latest Stories
-
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
9 minutes -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
30 minutes -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
57 minutes -
Volleyball emerges as Ghana’s fastest rising sport
1 hour -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
1 hour -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
1 hour -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
2 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
2 hours -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
3 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
4 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
4 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
4 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
4 hours -
Why volunteering might be Africa’s most underrated career accelerator
4 hours -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
4 hours