Directorate of Finance
Directorate of Finance

dfo

MR. KWABENA OWUSU, DIRECTOR OF FINANCE

Overview/Functions

The Directorate of Finance is responsible for budgeting and coordination of laid down regulations for administering the University's financial matters and stores.

The Director of Finance is the Chief Manager of the University's finances, the principal financial advisor to the Vice-Chancellor and a signatory to the University's Bank Accounts. He ensures that proper books of accounts are kept, including annual preparation of financial statements, budgets and other financial reports.

In the discharge of its functions the Directorate ensures adherence to financial laws and regulation such as the Public Financial Management Act, 2016 Act 921, the Public Procurement Act 2003 (Act 663) as amended, Inteal Audit Agency Act 2003 (Act 658), Public Financial Management Regulation 2019 (L.I. 2378) among others.

The Directorate has two divisions with ten sections and an administration section that work together to facilitate the free-flow of work and also provide financial information on both staff and students in the University. The divisions and sections of the Directorate are:

  • Financial Accounting/Payroll and Terminal Benefit Division
  • Management Accounting/Treasury and Students Accounts Division
  • Bills Payable Section
  • Payroll and Terminal Benefits Section
  • Commitment Section
  • Treasury Section
  • Financial Accounting Section
  • Students Accounts Section
  • Stores and Supply Section
  • School Account Section
  • University Clinic Section
  • Motor Service Centre
PROFILE OF THE DIRECTOR OF FINANCE OF CAPE COAST TECHNICAL UNIVERSITY