Ashesi students work as interns at companies such as Google

"..the most exciting thing happening in Africa today."

Henry Louis Gates

Harvard University

Measuring the growing reach of Ashesi

Since our first pioneering class of 30 students in 2002, Ashesi has grown in size, in reputation, and in influence. Here are a few indicators of our impact.

  • 550 students; new campus will initially serve 600-800; will cap growth at 2,000
  • Over $3 million given in financial aid; nearly 30% of students receive financial aid.
  • More women leaders: About 50% of students are women, up from 27% in 2002. Ashesi elected Africa’s first woman student government leader, and women are in several Ashesi governance positions, including our Dean of Academic Affairs.
  • International reach: Students have come from 14 African countries. Each year, about 10-15% of Ashesi students are from the US, through NYU and CIEE study abroad programs.

 

Graduate success in Africa

100% of our 350 graduates have, to-date, launched quality, professional careers within 6 months of graduating; 95% stay in Africa. Hiring firms include Africa’s largest, most innovative and respected regional businesses, the African offices of global corporations, and top microfinance, NGOs, think tanks and non-profit institutions:

Ecobank Google* Microsoft Research
CAL Bank GE* Accion International
Databank Brokerage Coca Cola World Bank
Strategic African Securities Ernst & Young Village of Hope
Barclays Bank Ghana PricewaterhouseCoopers Astrient Foundation
African Centre for Economic Transformation (ACET) Goldman Sachs** Sudan Microfinance Development Facility

Departments include: software, accounting, consulting, marketing finance, and IT.

In microfinance, graduates build quality infrastructure of well-trained field officers, develop critical risk management tools, and write software to improve operations.

Groundbreaking hires and promotions:

* Among the first hires in Africa by these firms

** 4 of 5 Ghanaian interns selected by GS were from Ashesi (2010)

*** Andrew Tarawali ‘05, was promoted to Country Treasurer, Sierra Leone

 

Milestones in Ethics and Service

  • Honour code: In January, 2008, after months of debate, students voted to institute Africa’s first student-accountability honour code. 100% of students now sign an honour pledge before and after exams, and commit to reporting any violations.
  • Ashesi students voted unanimously in Spring 2010 to reaffirm this code.
  • Corporate Ghana rated Ashesi grads significantly higher than their peers in ethics, communications, and professional skills.* (Study by UC Berkeley).
  • Students have partnered with over 24 NGOs to perform in-depth required community service projects, or have launched their own service initiatives.
  • An Ashesi national conference on ethics was attended by over 100 people, including press, educators, business leaders and faculty and students from other Ghanaian universities

 

Measures of financial stability & donor impacts

The model: We balance financial stability with a commitment to scholarships for poor students. Through efficient operations, Ashesi provides a world-class education while controlling costs. Donations, instead of funding ongoing operations, are used for additional scholarships, new programs, and new facilities.

  • Tuition and fees from students who can afford to pay totaled $US 1.78 million in 2008, covering operating costs (EBITA). Poor students receive financial aid.
  • Donations and multi-year pledges to Ashesi totaled $4.3 million in 2007-2009. Donations large and small support our annual fund, capital campaign, and scholarship funds.
  • We reached our initial goal of raising $6.4 million for our new campus - $3.9 million from donors, and $2.5 million was awarded by the IFC as a reduced cost loan. We continue to welcome donations to our new campaign to fund on-campus housing for students from poor families.

 

Measures of African support & pride

  • A poll of Ghanaian CEOs named Patrick Awuah, Ashesi founder and president, one of Ghana’s Top 10 CEOs. Ashesi has won numerous African awards.
  • Nearly all Ashesi graduates donate to Ashesi; and African business leaders donated over $100,000 to Ashesi.
  • African parents value an Ashesi education. Families value our emphasis on ethics, and our track-record in connecting graduates to worthwhile careers in their home countries. Parents chose Ashesi over less expensive local alternatives; some families that could afford an overseas education chose Ashesi instead.
Ecobank Google* Microsoft Research
CAL Bank GE* Accion International
Databank Brokerage Coca Cola World Bank
Strategic African Securities Ernst & Young Village of Hope
Barclays Bank Ghana PricewaterhouseCoopers Astrient Foundation
African Centre for Economic Transformation (ACET) Goldman Sachs** Sudan Microfinance Development Facility

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Graduate: Araba Amuasi

Empowering orphans with a revamped curriculum

Araba Amuasi ‘07, turned down more lucrative job offers to be Operations Officer at a rural orphanage, where children are now successfully moving on to higher education. She wants to help revamp primary education across Ghana.

African business perspective

The Ashesi students I have hired at Databank have stood out as leaders and proven themselves to be inquiring, innovative and valuable assets in the growth of our investment banking company.

-Ken Ofori-Atta, Executive Chairman, Databank Group.

Graduate: Andrew Tarawali

Leadership and responsibility in post-conflict Sierra Leone

Andrew Tarawali ‘05 helps bring needed capital and financial services to his native Sierra Leone. Andrew developed a deep concern for African progress at Ashesi, and moved back to post-conflict Sierre Leone after graduation to help re-establish the banking sector.