Eleven specialised sections operate under the Finance Directorate, each owning a defined slice of the University's financial administration. You will find the scope of each unit below.
Budget
Oversees University's budget preparation and implementation across colleges, directorates, and support units.
Payroll
Processing and payment of employee compensation, statutory deductions, and payroll reconciliation.
Payables
Processing and payment of suppliers' invoices and other non-payroll employee payments.
Receivables
Oversees billing, collection, documentation, and reconciliation of KNUST revenues, including rentals and property leases.
Information Systems
Ensures the integrity and security of financial data and information systems to support decision-making.
Superannuation (Pensions)
Administration of staff retirement benefits and pension-related matters, including the Provident Fund.
Students Section
Manages all student-related financial transactions and records, from fee receipt to refunds.
Treasury
Oversees cash management, fund mobilisation, banking operations, and short-term financial planning.
Final Accounts
Prepares and presents the University's annual financial statements in compliance with IFRS.
Office of Grants & Research (OGR)
Provides dedicated financial management and accounting support for donor-funded research projects.
University Stores
Oversees the storage, distribution, and control of stores and supplies of the University.