UPSA establishes new department dedicated to Business Economics and Actuarial Science  

The University of Professional Studies, Accra (UPSA) has made a significant stride forward in enhancing its academic offerings and research output with the inauguration of a new department dedicated to Business Economics and Actuarial Science.

The new department, operating under the Faculty of Accounting and Finance, will be headed by Dr Abdallah Abdul-Mumuni, a Development Economist and Senior Lecturer at the faculty.

Speaking at a brief inauguration ceremony on Wednesday, May 31, the Vice-Chancellor of UPSA, Professor Abednego F. O. Amartey, said the establishment of the department marks an important milestone for UPSA, stressing that it reinforces the university’s commitment to academic excellence and promotes innovative research in a specialised field.

He expressed his pride in the university’s continuous progress and highlighted the strategic significance of the new department, emphasising the department’s capacity and potential in meeting the evolving needs of the academic community and society as a whole.

The Chancellor of UPSA, Prof Abednego Amartey, interacting with some faculty members.


Prof. Amartey pointed out that the department’s focus on business economics and actuarial sciences aligns with emerging global trends and offers exciting opportunities for ground-breaking research, interdisciplinary collaboration, and the cultivation of highly skilled professionals.

He expressed his confidence in the faculty’s expertise and their ability to produce high-quality research that would contribute to the department’s reputation and impact.

In line with his vision for academic excellence, the Vice Chancellor urged faculty members to play an active role in nurturing the department’s growth.

Newly appointed Head of the Department of Business Economics and Acturial Science, Dr Abdallah Abdul-Mumuni.


“I am tasking you to increase the academic programmes within the department from two to at least four by the end of the 2023/2024 academic year,” Prof Amartey charged the new Head of Department.

Dean of the Faculty of Accounting and Finance, Prof Isaac Boadi, underscored the need for increased research output, encouraging faculty members to explore new collaborative avenues to achieve the set goals.

He was hopeful that with the enthusiastic backing of the Vice Chancellor and the commitment of the faculty members, “the department is poised to become a dynamic hub of cutting-edge research, innovation, and academic excellence.”



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