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With 16 PhDs, Accra Institute of Technology shows the way to produce doctorate degrees in Africa
By Dominic Osei-Boakye
Birthed in 2009, started walking fully in the latter part of 2010 at a one block building surrounded by beautifully designed containers at the premises of the Civil Service Training Center and Government Secretarial School at Cantonments, the Accra Institute of Technology (AIT) has defied all odds and become a leader in producing PhDs in Ghana, one of Africa’s major centres of learning.
Once described by a Nigerian journalist as a “potter cabin university” with the registrar’s office labeled as a “two by four cubicle”, the AIT success story provides a model on Africa’s pathway to knowledge and skill development in a more globalised economy. And it is worthy of emulation.
Captained by Professor Clement Dzidonu, a world renowned Computer Scientist, backboned by eminent academics in the Board of Trustees (BoT) including Prof Edward Ayensu (Formerly of World Bank Inspection Panel) as Chairman, Prof. Ivan Addae Mensah (Former Vice Chancellor, University of Ghana) as Vice Chairman, Prof. Jophus Anamuah Mensah (Former Vice Chancellor of University of Education, Winneba), and Prof. Samuel Adjepong (Former Vice Chancellor, University of Cape Coast), the AIT has been built on a solid rock of knowledge champions.
In this league are also Prof. William Otoo Ellis (Former Vice Chancellor, Kwame Nkrumah University of Science and Technology), Very Rev. Ama Afo Blay (Former Director General of Ghana Education Service), Dr. Grace Bediako (Former Government Statistician) and Mr. K.S. Yamoah (Former Managing Director of the Ghana Stock Exchange). All of these academic have helped AIT to lead the way in terms of production of quality PhDs in the country, and the rest of the continent to set the pace in knowledge engineering.
Through its partnership with Open University of Malaysia, the Accra Institute of Technology has produced Eighty-One (81) PhDs since 2016. This translates into an average of Fourteen (14) PhDs per year. This is unprecedented and a great achievement for a young private university like AIT. Considering the fact that the PhD per capita of Ghana is alarmingly low, the contributions of AIT in bridging this gap cannot be underrated. More importantly, the partnership has fostered the new direction of knowledge-sharing across continents to close the gap deep learning and development.
Did this Come Easy? Not at all! To offer, run and graduate students on an internationally benchmarked Doctor of Philosophy (PhD) degree programs in Ghana is by all standards a herculean task. As a non-religiously denominated or related private university which is school fees driven with no support from government nor any other organisations, running PhDs can be very expensive. After paying supervisors, external examiners and reviewers, PhD Research Committee members, internal and external moderators, etc, the university retains virtually nothing and makes no profit. This explains why most of the private universities shy away from this daring venture since it is not financially worthwhile.
Additionally, getting supervisors and external examiners to mentor these PhD students is another huge task. Running PhDs in special areas like Business Administration, Information Technology, Engineering and Education come with so many difficulties in attracting supervisors and external examiners who dully qualify to mentor the students.
However, AIT has surmounted this hurdle with collaborations with several internationally recognized universities with competent Professors who have been working hard to produce these PhDs.
Speaking at the 18th graduation of AIT, held on 17th December, 2022 at the ultramodern Knowledge City Campus in Kokomlemle, where AIT graduated Sixteen (16) PhDs at a goal, the President of AIT could not hide his joy especially having led his team to make this huge contribution to academia in the country.
He stated: “Mr. Chairman, I will need to pause here to comment on the historic nature of the 18th Congregation of this young and dynamic University. Today we are making yet another history in this country’s annals of private university education. Mr. Chairman, it is my great honor and privilege to announce that we are today graduating for the 10th time, PhDs who studied at this university.
“This major achievement of a university barely ten years old makes AIT the first private university in Ghana to successfully offer and graduate students on an internationally benchmarked PhD program. This is no small achievement if put within the context of the fact that the PhD per capita of Ghana is extremely low. Mr. Chairman, we can claim that we have become one of the leading postgraduate research institutions on the continent. I want to take this opportunity to assure you that we are confident that we will again be graduating more PhDs next year.”
He added: “The Quality? The quality of the PhDs produced by AIT is not in contention. As highlighted by the President in his speech ‘Mr. Chairman, I am delighted to inform you that, at AIT, we are mindful of the need to provide high-standard tertiary education and training not only aimed at producing qualified and highly skilled people to drive the nation’s development in the information age but also to produce job creators, with the requisite entrepreneurial skills and expertise to set up and run their corporations in various fields.
“Also, as a research university, our focus on cutting-edge research work through our postgraduate programs and research initiatives is geared towards supporting the nation’s science, technology, and innovation (STI) drive towards developing a modern knowledge-based and wealth-generating economy in the information and technological age.”
AIT’s milestones underscored why it was ranked the best private university in Ghana in 2018 and 2019 and was also awarded the Best Technology University in Ghana for the fourth year running by Ghana Tertiary Awards.
Quality of the PhDs produced by AIT is shown in the progress of their graduates. Currently, AIT has Pro Vice Chancellors in public universities who became Professors in less than three years after completion. 60% of the graduates have become Senior Lecturers, Associate Professors and Full Professors few years after graduation. The strict requirements by AIT for students to publish minimum of five papers in a reputable and ranked journal sets the foundation for this growth. The PhD Candidature system where students are mentored by the PhD Research Committee for one year instead of just one supervisor through series of presentations and the strict requirement to write minimum three chapters of your thesis within that period also contributes heavily to the success of these students.
In the last 10 years of the program, AIT has graduated PhDs who are on the academic and administrative staff of almost all the private and public universities in Ghana and a number of Nigerian universities. Given the high international academic standard of the program, more than half of our PhD graduates in academia obtained their Associate or Full Professor within three years after graduation. These are outstanding landmarks pointing to how Africa can close the gaps for deep knowledge and research as it gears into the fourth industrial revolution (4IR).
If anyone thought AIT is resting on its laurels, then such people must rewrite their notes. At the 18th graduation ceremony, thirty-five (35) students graduated to become PhD Candidates after completing the first three chapters of their thesis in the first year. They should be completing their PhDs in two years. This is coupled with a number of students who are going through their Post Viva corrections and the twenty (20) students who are preparing to submit their thesis for examination. Two years from now, it is estimated that AIT will graduate not less than forty (40) additional PhDs.
The Chairman of the AIT Board of Trustees, Prof Edward Ayensu summed it all up in his speech at the 18th graduation: “So far, we are proud to report that our efforts in all directions are proceeding according to plan. We can assure this Congregation, and all stakeholders, that we shall not relent in our efforts to ensure the full fulfillment of that vision”
Conspicuously, the Accra Institute of Technology is showing the way and will fill the PhD gap in the country and across Africa in no time.
My final message to students all of Africa, start your journey with AIT from Bachelor’s, Master’s and PhD in Business Administration, Engineering, Information Technology, Computer Science, Education and Health and Safety.
Indeed! Your journey to the top starts at Accra Institute of Technology as it lives to its payoff as the University of the Future beginning today. Yes! In AIT, Africa has a chance to leapfrog; the milestones achieved by AIT in so short a while proved that point.
Dominic Osei-Boakye is Registrar at AIT
Gold remains one of the most powerful commodities in the global financial architecture. It is widely recognized that, for traders in Nigeria, specifically, currency pressures, inflation expectations, and shifts in global liquidity make up the macro environment more often than not; hence, understanding the correlation of gold with key Forex assets is more of an economic insight than a trading tactic.
The correlation between gold and currencies, equities, bonds, and even energy markets provides a broader framework for interpreting global risk sentiment. A growing number of Nigerian investors use this correlation to hedge against inflation, read capital-flow trends, and adjust trading strategies across major currency pairs.
Why Gold Matters in Today’s Macro Environment
This can be explained by looking at the larger picture and how global factors either positively or negatively impact the price of gold: spiraling inflation, geopolitical tension, tightening by central banks, and the flight-to-safety dynamic that heightens in moments of market stress. African traders, especially those active with international brokers such as JustMarkets, are very sensitive to how gold performs not only as a commodity but also as a macro indicator.
Indeed, the strongest correlations of gold are more often found with the US dollar, major bond markets, equity indices, and energy instruments in periods of high geopolitical risk. Each one of these offers a different angle for Nigerian traders to approach macroeconomic changes.
Gold and US Dollar: The Most Watched Correlation
The inverse correlation between XAU and the USD remains one of the bedrock relationships in global finance. It usually weighs on gold because a stronger dollar raises the opportunity cost of holding the metal. Conversely, the opposite has occurred when the market has priced in rate cuts, rising inflation, or policy uncertainty.
This relationship provides Forex traders in Nigeria with a macro perspective:
USD strength; pressure on gold; bullish signals for USD-pairs like USD/JPY or USD/CHF
USD weakness; appreciation of gold; potential strengthening of the non-USD majors
This dynamic is often emphasized by platforms such as JustMarkets in their markets analytics, allowing traders to match the technical setup with real policy shifts from the Federal Reserve.
Gold and Bond Yields: A Window into Global Risk Appetite
Gold is highly sensitive to real interest rates. When US real yields fell, it sent gold higher because investors saw it as a hedge against inflation and thus a haven. Yet higher yields tend to dampen demand for precious metals.
To traders, this correlation is a reason for short-run volatility around announcements like:
US CPI
FOMC decisions
Results of Treasury auctions
In countries like Nigeria, when domestic inflation is high and Naira pressure amplifies sensitivity to global risk, the movement of gold often proves an early indicator of how capital might rotate between safe havens and risk assets worldwide.
Gold and Equity Markets: The Fear Gauge
While geopolitical tensions or recession fears tend to deflate equity markets, they strengthen gold. This negative relationship is considered helpful for traders looking to deduce spikes in volatility and risk-off flows. Examples include:
Sharp US30 or NAS100 declines coupled with XAU/USD rallies
Broad-based sell-offs driven by political uncertainty or commodity shocks
This dynamic helps explain to the Nigerian analysts focused on policy and political economy how global risk events transmit to the local market through capital-flow sentiment.
Gold and Energy: Transmission via the Inflation Channels
Although gold and oil are not directly correlated, both respond to inflation expectations. Surging oil prices can fuel inflation forecasts that support the price of gold.
This channel is particularly important in the case of Nigeria, a major oil exporter. When crude markets temporarily tighten due to supply disruptions or OPEC policy decisions, gold becomes a complement to hedge against global inflation risk.
Trading with the Use of Gold Correlations
A structured approach allows traders to put gold’s relationships into practice:
Start with the macro driver.
Identify whether inflation, geopolitics, or monetary policy is the primary force shaping markets.Translate the macro event into correlation expectations.
Example: falling bond yields lead to a weaker USD, which in turn supports gold and could lead to upside in EUR/USD.Use correlation clusters instead of isolated signals.
Gold + USD + bonds provide a more reliable picture than gold alone.Apply risk management aligned with volatility cycles.
Gold’s volatility often spills over into major currency pairs.
Market platforms like JustMarkets emphasize these cross-asset links to help traders simplify complex macro interactions into actionable insights.
Why Nigerian Traders Pay Close Attention
The Nigerian economy is highly integrated into global commodity flows; inflation cycles, dollar liquidity, and geopolitical developments tend to reach the local market faster than the pace at which policy adjustments can be made.
Gold serves as a barometer of global risk, a hedge against currency depreciation, and a signal of moves in the key USD pairs that headline Nigeria’s trading activity.
In a region increasingly active in the Forex market, understanding the relationships involving gold is not just about trading but also a strategic tool for analyzing global economic behavior
Mr. Tim Akano, New Horizons Chief Executive Officer, took centre stage at the Nigerian Information Technology Reporters’ Association (NITRA) annual end-of-year meeting on Thursday, December 18, 2025, recounting the company’s remarkable growth and reaffirming free IT training for journalists.
Tim Akano, New Horizons Chief Executive Officer, in a group photograph with NITRA Members
Speaking directly to IT media members at the company’s training facility in Lagos, Akano acknowledged the critical role journalists played in supporting New Horizons during its formative years two decades ago.
He detailed how the firm evolved from a handful of staff to one of Africa’s leading ICT skills training organisations, now employing about 500 staff across multiple training centres nationwide.
Akano Spotlights Youth Training, University Partnerships
Akano highlighted that New Horizons has trained over 500,000 youths, particularly tertiary institution students, equipping them with practical IT skills essential for Nigeria’s digital economy.
He announced recent partnerships with universities, including a new agreement with Afe Babalola University, to scale hands-on training programmes for students.
“This growth would not have been possible without the media’s support in documenting our journey,” Akano stated, pledging continued free IT skills training for media members to remain competitive in the evolving digital landscape.
Reciprocal Support Defines Long-Standing Partnership
The venue hosting the NITRA meeting underscored Akano’s generosity; NITRA Secretary Chidiebere Nwankwo secured the free facility after contacting him—a gesture consistent with New Horizons hosting multiple association events and training IT journalists since its inception 20 years ago.
Participants shared personal testimonies of Akano’s support, including veteran journalist Aaron Ukodie, whose daughter—an Accounting graduate from the University of Johannesburg—received NYSC placement and IT scholarship at New Horizons.
The Guardian’s Yemi Adeyemi recounted Akano accommodating his editor’s child for mandatory IT training after other firms declined.
Members praised Akano’s commitment to human capital development as evidence of deep appreciation for the media community that chronicled New Horizons’ success over two decades.
National Identity Management Commission (NIMC) has launched the NIMC Pre-Enrolment Portal to revolutionise the National Identification Number (NIN) enrolment process, enabling applicants within Nigeria and in the Diaspora to capture biodata online prior to biometric verification at enrolment centres.
NIMC
Accessible via penrol.nimc.gov.ng, the platform allows users to fill enrolment forms, schedule appointments, upload supporting documents securely, and manage personal details directly, thereby slashing congestion, minimising wait times, boosting data accuracy and enhancing overall service efficiency at centres nationwide.
NIMC Director-General and CEO, Engr. (Dr) Abisoye Coker-Odusote, spearheaded the initiative as part of the Commission’s technology-driven strategy to fortify institutional performance, aligning with President Bola Ahmed Tinubu’s Renewed Hope Agenda that emphasises digital transformation, efficient public service delivery and inclusive national development.
Dr Kayode Adegoke, Head of Corporate Communications, highlighted key benefits including simplified biodata handling, confidential data protection through robust security measures, reduced physical centre visits and heightened operational effectiveness, urging all prospective enrollees to adopt the portal for a faster, citizen-friendly experience.[conversation_history]
The move underscores NIMC’s mandate under the NIMC Act No. 23 of 2007 to manage the National Identity Database, issue NINs and foster a reliable digital identity ecosystem vital for national planning, with users advised to complete pre-enrolment online before heading to selected centres for biometrics.
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