Asare Akuffo
Asare Akuffo | |
|---|---|
| Born | Ghana |
| Died | Error: Need valid birth date (second date): year, month, day |
| Education | University of Ghana (Administration); University of Pennsylvania (Housing Finance certification) |
| Occupation(s) | Accountant, banker, business leader |
| Known for | Managing Director of Home Finance Company (now Republic Bank); President of the Private Enterprise Foundation |
Asare Akuffo was a distinguished Ghanaian accountant, banker, and business leader. He held the position of managing director at Home Finance Company, now known as Republic Bank, which was a trailblazer in Ghana’s housing finance sector. Additionally, Akuffo served as president of the Private Enterprise Foundation, the main body representing the interests of Ghanaian enterprises.
Educational life
Akuffo obtained a degree in Administration from the University of Ghana and completed a certification in Housing Finance at the University of Pennsylvania. He was a Chartered Accountant and affiliated with the Institute of Chartered Accountants, Ghana. His secondary education took place at Swedru Secondary School.
Personal life
Dr. Asare Akuffo was married and had three children. He passed away on June 3, 2019.
Professional life
Beginning his career as an investment manager at the Social Security and National Insurance Trust, Akuffo joined Home Finance Company in 1990 as part of its founding management team. He advanced to Finance Director in 1995 and later became Deputy Managing Director in 2003 during HFC’s transformation into a bank. Throughout the 1990s, he managed the investment banking unit with assets surpassing 250 million cedis. In 2005, he was promoted to Managing Director of HFC Bank Ghana Limited.
Executive positions
Akuffo was chosen as president of the Ghana Association of Bankers, where he played a key role in establishing the Banking and Finance Chair at KNUST School of Business, supported by an annual US$20,000 research sponsorship. He also initiated the Annual Business Plan competition for students. By 2013, he held various executive and non-executive appointments across both public and private sectors, including positions with the National Partnership for Children's Trust, Ghana Union Assurance Life Company, Student Loan Trust, African Union for Housing Finance, Ghana Interbank Payment and Settlement Systems Limited, and KNUST Centre for Business Development. He currently serves as President of the Private Enterprise Foundation, championing the interests of Ghanaian businesses.
Honours
In 2009, Akuffo was elected President of the Governing Council of the Private Enterprise Foundation, representing leading corporate bodies in Ghana. On December 18, 2013, he was conferred an honorary Doctor of Letters by Kwame Nkrumah University of Science and Technology. In 2015, he received a lifetime achievement award recognizing his outstanding leadership and significant contributions to strengthening the federation as a key advocate for the private sector.