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.
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