FRANK ACQUAYE

Group CFO at Farmerline Group
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Contact Information
us****@****om
(386) 825-5501
Location
Ghana, GH

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Experience

    • Ghana
    • IT Services and IT Consulting
    • 1 - 100 Employee
    • Group CFO
      • Feb 2023 - Present

    • CFO
      • Jul 2016 - Feb 2023

    • Italy
    • Oil and Gas
    • 700 & Above Employee
    • Senior Budget Analyst
      • Mar 2014 - Jun 2016

    • Chief Accountant
      • Mar 2013 - Mar 2014

      Factory costing and Financial controlling. Factory costing and Financial controlling.

    • Switzerland
    • Food and Beverage Services
    • 700 & Above Employee
    • Costing Team Lead
      • Jul 2011 - Feb 2014

      Roles performed include:Perform month-end closing activities;Perform new product cost simulation and analysis for decision making;Analysis and presentation for monthly production variance discussion with production managers;Daily health checks on process orders, material prices, work orders, postings in cost centres/ledger accounts, replication etc to ensure all resources used are correctly declared;Provision of explanations to Business Unit Controllers’ on cost of sales evolution and other ad-hoc requests;cost centre budget versus actual spend evolution monitoring;Budget preparation in SAP up to factory cost of production. Show less

    • Cost Analyst
      • Jun 2011 - Jul 2011

      • Perform month-end closing activities;• Perform new product cost simulation and analysis for decision making;• Analysis and presentation for monthly production variance discussion with production managers;• Daily health checks on process orders, material prices, work orders, postings in cost centres/ledger accounts, replication etc to ensure all resources used are correctly declared;• Provision of explanations to Business Unit Controllers’ on cost of sales evolution and other ad-hoc requests;• cost centre budget versus actual spend evolution monitoring;• Budget preparation in SAP up to factory cost of production Show less

    • Assistant Financial Accountant
      • Dec 2008 - May 2011

      • Ensuring that all necessary provisions and accruals are provided for on a monthly basis;• Processing all valid manual journal requests;• Performing Period End Close activities from Finance side liaising with Management accounting to prepare the financial statements for the month;• Preparation of timely and accurate reports on maintenance and improvement budget, technical reports and other ad hoc reports that may be requested;• Checking the evolution of expenses over the months against the budget to trigger management control decisions;• Performs monitoring, analysis, and reconciliations of all Balance sheet accounts including fixed assets, accumulated depreciation, stock accounts, cash and bank accounts including petty cash on a monthly basis;• Performs monthly reconciliations for all employee loans i.e. car, rent, housing loans etc to ensure the loan contract is thoroughly executed;• Liaise with warehouse managers for monthly stock taking based on predefined schedule; • Initiates confirmation of Intra-Group (IG) Statements of Accounts (SOA), carry out IG reconciliation and follow up on the resolution of IG variances; and • Financial reporting via Business Objects Financial Consolidation. Show less

    • Service Quality Lead
      • Sep 2010 - Jun 2011

      Roles performed include:Custodian of Performance Pulse (PP) - PP is a global tool used to collate and manage all performance indicators to help us track the results of all processes i.e. Accounts Payable, Accounts Receivable, Accounting Operations and Employee Services;Organize quarterly Steering Committee meetings, monthly Executive meetings, Monthly Performance Reviews and weekly Operational Reviews between NBS and our stakeholders; To prepare for these meetings, I:Collate all the metrics that will be discussed at these meetings and prepare PowerPoint presentations for the Tower Leads.Do a trend analysis of the performance on key indicators and brief Tower leads before the meeting.Take minutes of the meeting and follow-up on agreed resolutions to issues raised with the persons identified as responsible.Introduce the meeting and brief the house on the status of the agreed plans of the previous meeting.Conduct accuracy checks using random sampling methodology to audit requests processed in the SAP software; andConduct Agreed Operating Procedure versus actual process execution checks. Show less

    • Assistant Accountant
      • Jan 2010 - Jun 2011

      Accounting Operations Line of ServiceProfessional services firm; Roles performed include:Ensuring that all necessary provisions and accruals are provided for on a monthly basis;Processing all valid manual journal requests;Performing Period End Close activities from Finance side liaising with Management accounting to prepare the financial statements for the month;Preparation of timely and accurate reports on maintenance and improvement budget, technical reports and other ad hoc reports that may be requested;Checking the evolution of expenses over the months against the budget to trigger management control decisions;Performs monitoring, analysis, and reconciliations of all Balance sheet accounts including fixed assets, accumulated depreciation, stock accounts, cash and bank accounts including petty cash on a monthly basis;Performs monthly reconciliations for all employee loans i.e. car, rent, housing loans etc to ensure the loan contract is thoroughly executed;Liaise with warehouse managers for monthly stock taking based on predefined schedule; Initiates confirmation of Intra-Group (IG) Statements of Accounts (SOA), carry out IG reconciliation and follow up on the resolution of IG variances; and Financial reporting via Business Objects Financial Consolidation. Show less

    • General Ledger Analyst
      • Jan 2009 - Aug 2010

      Accounting Operations Line Professional Services Firm; Roles performed include: • key responsibility for the health of the Balance Sheet; perform daily health checks on entries in all balance sheet accounts including employee loans accounts to ensure transactions are recorded in the correct accounts. This was very critical because of the end to end nature of our software. • It also involves making provisions for accrued expenses and other uncompleted activities for Period End ClosingsOct. 2008 – Dec. 2011 United Bank for Africa Ghana Limited: Institutional Banking Show less

    • Relationship Officer
      • Oct 2008 - Dec 2008

      Roles performed include: Responsible for driving Balance Sheet and revenue growth through key client relationships; Establishing and maintaining close relationships with current and potential customers; Responsible for credit initiation and monitoring; and Sending periodic reports on Assets and Liabilities to management Roles performed include: Responsible for driving Balance Sheet and revenue growth through key client relationships; Establishing and maintaining close relationships with current and potential customers; Responsible for credit initiation and monitoring; and Sending periodic reports on Assets and Liabilities to management

    • Relationship Officer
      • Aug 2008 - Dec 2008

      • Establishing and maintaining close relationships with current and potential customers; • Responsible for credit initiation and monitoring; and • Sending periodic reports on Assets and Liabilities to management • Establishing and maintaining close relationships with current and potential customers; • Responsible for credit initiation and monitoring; and • Sending periodic reports on Assets and Liabilities to management

    • Controller and Accountant
      • Jun 2007 - Aug 2007

      Roles performed include: Data entry and record keeping. Crosscheck pay voucher with the actual and the appropriate government unit. Research work As part of requirements leading to the award of my degree, I undertook a research on the topic “Accessing Credit by Small and Medium Enterprises in Ghana” between 2007 and 2008. Roles performed include: Data entry and record keeping. Crosscheck pay voucher with the actual and the appropriate government unit. Research work As part of requirements leading to the award of my degree, I undertook a research on the topic “Accessing Credit by Small and Medium Enterprises in Ghana” between 2007 and 2008.

Education

  • Wisconsin International University College
    Master of Business Administration - MBA
    2013 - 2015
  • University of Ghana
    Bachelor of Science, Accounting
    2004 - 2008
  • T.I. Ahmadiyya
    Certificate, Business
    2001 - 2003
  • Qualification Chartered Institute of Management Accountants (CIMA)
  • T. I. Ahmadiyya Secondary School
  • University of Ghana Business School

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