Name: Lawrence Yirenkyi
Faculty: Accounting and Finance
Academic Areas of Interest:
- Financial Performance Reporting
- Corporate Finance
- Assets and Liabilities Management
Lawrence, a Chartered Accountant, has several years of industry experience which span across the financial services, courier, and higher education sectors of the economy. Currently, he is a Lecturer in Accounting, Banking and Finance courses at the University of Professional Studies, Accra as well as an independent consultant in Accounting, Finance, Strategic Management, and Leadership and Management.
Lawrence’s main areas of expertise include Financial Performance Reporting with particular focus on the banking sector; Corporate Finance, covering capital structure, cost of capital and agency relationships as well as the problems thereof. Another area of interest to Lawrence is Asset and Liabilities Management by banks with emphasis on policies, strategies and the people factor.
Lawrence’s career began at the School of Administration, now the University of Ghana Business, as a teaching assistant where he spent two years after graduation. As part of his schedule, he facilitated tutorials for Advanced Financial Accounting for final year degree accounting students and Taxation for final year diploma accounting students. Concurrently, he was an assistant to the editor of the business school’s journal, Journal of Management Studies. Whiles a teaching assistant, Lawrence received training as an Auditor from Coopers and Lybrand, now Price Water House, under a special arrangement between the auditing firm and the business school.
In his quest to garner some industry experience, Lawrence moved to DHL Ghana Limited as an Accounting Assistant where he handled Revenue Accounting, International and Local billing, Cash Flow Analysis, Treasury Management, Fixed Assets Management, as well as ensured integrity of the company’s General Ledger.
Having gathered enough experience from the courier industry, Lawrence moved on to the banking sector as a Supervisor in the Finance department of the then Meridien BIAO which later became The Trust Bank Ltd. Lawrence spent over nineteen years with the bank and rose through the ranks to become the Managing Director of the bank prior to its merger with Ecobank Ghana Ltd in 2012. For more than ten years, he was a member of the bank’s executive committee and for six years he was either its Chairman or Deputy Chairman. On his way to the top, Lawrence handled several departments including Finance and Administration, Marketing, Treasury and also had oversight over departments like Human Resources, Operations, Retail banking and Funds Transfer, Risk Management, ICT, as well as the bank’s business lines (Corporate, Institutional as well as Consumer and Commercial banking).
Lawrence also served on several other Committees of the bank including Assets and Liabilities, Product Development & Technology, Human Resources, Strategic Planning and Budgeting, and Management Credit. He was also an ex-officio member of the Audit sub-Committee of the Board of Directors and the Board Committee on Strategy.
Lawrence was instrumental in some key strategies of the bank including the shift from branch banking to relationship banking, the raising of the bank’s stated capital from twenty five million Ghana cedis to over ninety million Ghana cedis in 2010, and the merger of the bank with Ecobank in 2012.
Lawrence received extensive training from the bank, both local and overseas. He passed on the knowledge gained to others through training sessions organized by the bank and other outside entities. Indeed, Lawrence was an adjunct lecturer at Regent University College while working at the bank and taught courses like Banking Operations, Lending, Treasury Management, and Monetary Policy, etc.
After the merger between Ecobank Ghana Ltd and The Trust bank Ltd, Lawrence decided to continue with his first love and joined University of Professional Studies in January 2013. With the many years of industry experience and exposure under his belt, Lawrence is a firm supporter of ‘scholarship with professionalism’.
Lawrence is a Ghanaian, and is married with three sons.
- Master of Business Administration in International Banking and Finance (MBA, IBF): Birmingham Business School, University of Birmingham UK - 1999
- Bachelor of Science in Administration (BSc. Admin) Accounting Option: University of Ghana Business School - 1989
- Institute of Chartered Accountants, Ghana (ICA, Ghana) - 1998
- MBCG 617 Corporate Finance
- MCPC 612 Financial Management
- PBPF 406 Banking Operations
- PBBS 203 Principles of Accounting
- PBPF 201 Elements of Banking
- PDBA 116 Principles of Accounting
- Professional Course – ACCA LEVEL 1 – F3/FFA Financial Accounting
- British Chevening Scholar
- INSEAD Alumnus, (IEP 2005, Fontainblue, France)
- AOTS (Association of Overseas Technical Scholarship) now HIDA (Human Resources and Industry Development Association) – Japan
- Galilee International Management Institute Alumni, Israel
- Strategic Leadership Programme (SLP - UK) Alumni, 2010