Finance Office

Brief History of the Finance Directorate

The Finance Directorate of the Catholic University of Ghana (CUG) has been a pillar of institutional stability and growth since the University's inception. Its leadership has progressed through distinct phases aligned with CUG's development. The foundational period (2003–2007) was overseen by Mr. Agana Banga, the first Finance Officer, who established financial systems during the University’s pioneering operations and the transition to the permanent Fiapre campus. Mr. Justice R.A Ayam led from 2008 to 2018, steering the Directorate through a phase of significant expansion in student numbers, infrastructure, and academic programmes. Since 2018, Mr. Paul Kwame Yeboah has served as Director of Finance, focusing on modernising financial management, ensuring sustainability, and supporting the University's strategic goals amid continued growth. Throughout its evolution, the Directorate has ensured fiscal integrity and resource optimisation in line with CUG’s mission of providing accessible, holistic, and value-based education.

Core Mandate of the Finance Directorate

The Finance Directorate of the Catholic University of Ghana is mandated to ensure the financial health, accountability, and sustainability of the University in alignment with its mission, vision, and ethical values. This mandate encompasses the following core responsibilities:

1. Financial Stewardship and Accountability: To manage all financial resources with integrity, transparency, and prudence, ensuring accurate accounting, reporting, and compliance with national regulations, institutional policies.

2. Budgetary Planning and Resource Allocation: To develop, implement, and monitor the University’s annual and long-term budgets in support of academic, administrative, and infrastructural objectives, ensuring optimal allocation of resources.

3. Financial Sustainability and Growth: To safeguard the University’s financial stability through sound fiscal planning, revenue diversification, cost management, and the development of sustainable funding strategies.

4. Financial Systems and Controls: To establish and maintain robust internal controls, financial systems, and procedures that prevent fraud, ensure efficiency, and support the University’s operational and strategic needs.

5. Stakeholder Assurance and Reporting: To provide timely, accurate, and transparent financial information to the University Council, management, donors, auditors, and other stakeholders, fostering trust and informed decision-making.

6. Support for Mission-Driven Initiatives: To ensure that financial practices and policies uphold and promote the University’s commitment to accessible education, holistic development, moral excellence, and service to humanity.

Vision of the Finance Directorate

1. To build a financially sustainable, institutionally resilient and mission-driven Finance Directorate that advances academic excellence, promotes human dignity, and transforms society through responsible resource stewardship, innovation, and faith-centered directorate. 

Mission of the Finance Directorate

To provide strategic financial leadership rooted in integrity, accountability, and service to the University by supporting academic excellence and student success through sustainable resources allocation.

Staffing Position

Table 1: The staffing position is as follows: