Ashesi University College School Fees Payment Procedure / Installments

ashesiWe are glad to inform the general public and especially all prospective students that Ashesi University College School fees payment procedure is as follows.

Payment of Fees

Payment by direct deposit to the bank

(1) Pay fees at the bank (Ghana & ECOWAS Region)
For payments within Ghana or the West Africa (ECOWAS) region, students can deposit fees directly to either our Ghana Cedi or US Dollar account with any ECOBANK branch as follows:

  • Cedi Account Number : 0200014411600902
  • Dollar Account Number : 0202034411600901


(2) Fill deposit slip
Complete a deposit slip in triplicate as follows:

  • Original for the bank
  • Duplicate to be submitted to Ashesi (photo copy is acceptable). The duplicate can be handed in at the Finance Office on submission of application forms.
  • Triplicate should be kept by student as evidence of payment.


(3) Confirm information required on the deposit slip

  • Full name and contact number(s)
  • A valid Bank Stamp


(4) Submit deposit slip to Ashesi, and get an official Ashesi Receipt

Submit a copy of the deposit slip to the Finance Office at Ashesi, and keep your receipt with you.


Payment by International Wire Transfer

Please note geographical location corresponding to each bank account listed below

(1) West Africa Rapid Transfers
(can be conducted from any ECOBANK location in the West African region using the following account information):

Bank:                                      Ecobank

Account Number:              02000 14411 600 905

Account Name:                  Ashesi Admissions Fee Account


(2) Africa Wire Transfer Payment Information
(transfer can be made from banks located in Africa. This applies to both tuition and application fees):

Swift Code:                             ECOCGHAC

Account Number:                 02010 144 116 009 01

Account Name:                     Ashesi University College

                                                    ECOBANK, OSU BRANCH

                                                    PMB CT 443, Accra, Ghana
(3) The Americas (USA, Canada, South America) Wire Transfer Payment Information

  1. Transfer from:


Swift Code:                               CITIUS33

Account Number:                   36013639

Account Name:                      ECOBANK


  1. Transfer to:

Swift Code:                                      ECOCGHAC

Account Number:                        02010 144 116 009 01

Account Name:                             Ashesi University College

Branch:                                              ECOBANK, Osu Branch


(4) United Kingdom and Europe Wire Transfer Payment Information

  1. Transfer from:
    Ghana International Bank PLC, 69 Cheapside, London EC2P2BB, United Kingdom

Swift Code:                                GHIBGB2L

Account Number:                   0001362303

Account Name:                        ECOBANK


  1. Transfer to:

Swift Code:                                ECOCGHAC

Account Number:                   02010 144 116 009 01

Account Name:                        Ashesi University College

Branch:                                        ECOBANK, Osu Branch



(1) Please contact the Finance Office if you need further payment instructions.
(2) Deposits are non-refundable.
(3) Students must review all official receipts to ensure the following information reflect on the receipt:

  1. Date of receipt
  2. Date of deposit slip or payment order
  3. Full name
  4. Deposit amount and exchange rate if applicable
  5. Payment description, e.g. application fees
  6. Signature of the Admin Assistant
  7. Phone number


Tuition Credit Policies

The university’s credit policy is designed to facilitate fees payment for parents and students. The highlights of our credit policy are as follows:

  1. Maximum credit amount: students are allowed a maximum credit amount equivalent to one semesters’ tuition fees. This means that student indebtedness to the university should not exceed his or her tuition fee billing for one semester.
  2. Credit terms: students are allowed a minimum of 14 days credit and a maximum of 90 days to pay their bills. The university has five payment options available to students:
    • Early payment: Students who make prompt payment of tuition fees before the standard payment deadline are entitled to 3.5% cash discount.
    • Standard Payment: students who pay their tuition fees in full by the standard payment deadline will have neither a discount nor a surcharge.
    • Two Installment Payments: Students who opt to pay their tuition fees by two installments will be allowed a maximum of 60 days credit, and pay a surcharge of 3% per semester on the amount due for the semester.
    • Three & Four Installment Payment: Students opting for this payment method will be allowed not more than 90 days to pay their fees in full. This payment options attract a surcharge of 6% per semester on the amount due.
  3. Penalty for overdue debts/late fee payment: Students who do not meet their payment deadlines will be made to pay a penalty for the late payment of the overdue debt or fees. The following penalties shall apply:
    • Twenty Dollars(US$20.00) per week for late fee payment
    • Total withdrawal of credit privileges if bills are overdue by 45 days or more
    • Withholding of exam results and transcripts, and possible suspension from the university until all financial obligations have been met
  4. Collection Procedures: As part of the account receivable management process, the finance office will communicate regularly to students on their account status. The following procedure will be followed:
    • Friendly reminder after 14 days of overdue payment
    • Formal reminder after 30 days of overdue payment
    • Demand notice after 45 days of overdue payment.
  5. Signing onto the installment agreement: students who cannot make full payment on the invoice due date must sign onto the Ashesi Standard Installment Agreement Plan. Students or debtors who do not sign onto either the installment plan or make full payment on the due date shall be automatically rolled onto the installment plan or be made to pay the $20.00 per week as indicated in section 3 above.
  6. Currencies and exchange rate: the university currently accepts payments in either Ghana Cedis or US Dollars. Prevailing exchange rates are fixed per semester.


MyEduGist Team

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Article by Nicholas

Nicholas Babatunde Lateef is a Blogger and Career Builder (Business and Educational Consultant). He is the Founder and CEO of MyEduGist. He has the passion to provide useful and quality update about Education, Examinations and Scholarships worldwide. You can also like him on Facebook, follow him on Twitter and Google+.

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