Summary
Overview
Work History
Education
Skills
Ictsoftware
Personal Information
Training
Professional Associations
Timeline
Generic

Lily Tekuor Tackie-Yaoboi

Accra

Summary

Driven individual with strong organizational and analytical skills, ready to excel in managing grant processes and financial oversight. Possessing solid understanding of grant funding mechanisms and compliance regulations, coupled with advanced proficiency in budget management and financial reporting. Committed to maximizing funding opportunities and ensuring efficient use of resources to support organizational goals.

Overview

18
18
years of professional experience

Work History

Grants Manager

Millennium Development Authority(MiDA)
02.2024 - Current
  • Company Overview: Millennium Development Authority (MiDA) was established to develop, manage and implement programs to bolster economic growth with the aim to reducing poverty
  • Strategically positioned as the preferred delivery unit of government projects to ensure that critical national developmental projects and initiatives are implemented efficiently
  • Haven implemented Two Compacts under the Millennium Challenge Account (MCA), MiDA is currently the implementing entity for the Ghana Covid-19 Alleviation and Revitalization of Enterprise Support (CARES) Program, a comprehensive program by the Government of Ghana to mitigate the impact of covid-19 pandemic through commercial agriculture and youth employment and empowerment
  • Coordinate and manage all grant activities from development of grant proposal, budgeting, funds request, disbursements and monitoring for activities under two fund sources namely; Government of Ghana and the Mastercard Foundation Grant
  • Streamline grant application processes by implementing efficient tracking systems and organized databases
  • Monitor & Evaluate project outcomes objectively, identifying areas for improvement and applying lessons learned to future endeavors.
  • Analyze grant agreements to ensure compliance with financial and programmatic requirements, avoiding potential conflicts
  • Collaborate with program managers to ensure that grant-funded projects are aligned with organizational objectives and meet funder expectations
  • Analyze, review and monitor expenditure against budget and provide periodic report on funds utilization and variance analysis
  • Prepare and submit quarterly finacial reports to the Ministry of Finance for the Government of Ghana funds and Program Management Unit for the Mastercard Grant
  • Double up as the Gender Focal Point where I collaborate with project teams to ensure gender equality is embedded in all stages of project design, implementation, and evaluation
  • Assist Project team to Mobilize and Train Youth as well as engaging with stakeholders in project areas
  • Foster strong relationships with community stakeholders to support program objectives and enhance funding opportunities
  • Develop strategic partnerships with other organizations working within the same sector, expanding networks and increasing access to resources
  • Facilitate cross-departmental meetings to align grant-seeking efforts with organizational strategies and priorities
  • Ensured compliance with donor guidelines, minimizing errors in reporting and enhancing the organization''s reputation


Finance Professional

KPMG Local Fund Agent (LFA) Services in Ghana
02.2023 - 01.2024
  • Company Overview: KPMG is a global network of professional firms providing audit, tax and advisory services
  • In Ghana, KPMG provides professional audit, tax and advisory services
  • The Local Fund Agent (LFA), the eyes and ears of the Global Fund, identify and address risks by providing independent assessment, verification, advice and recommendations to the Global Fund on implementation arrangements & grant performance for multiple grants in Ghana
  • Conducted Capacity Assessments for Implementers in key operational areas, including: Financial management systems to ensure compliance and efficiency, Program management processes to evaluate effectiveness and scalability, Sub-Recipients (SR) capacity management to assess organizational strength and readiness, Governance systems to evaluate accountability and decision-making structures.
  • Conducted financial reviews towards the preparation of Progress Updates and Disbursement Request (PUDR) to ensure transactions recorded are accurate and make adjustments where necessary to align with figures verified and validated
  • Provided Strategic Advice to the Global Fund on the adequacy of proposed budgets and work plans, ensuring alignment with project goals. The robustness of the proposed Performance Framework to ensure measurable outcomes and impact.
  • Supported Global Fund in Grant-Making and Negotiation Processes, providing expert input during discussions to optimize grant terms, conditions, and overall project feasibility.
  • Reviewed transactions to ensure payment are tax exempt and where taxes are paid, ensure they are documented for refund claims
  • Undertook spot checks to ascertain the effectiveness of systems deployed to manage financial processes, health products administration and other activities and report on what pertains on the ground as well as make recommendation for improvements where applicable
  • Conducted site visits to Sub-Recipients, primarily the Regional and District Health Directorates of the Ghana Health Service, to verify financial transactions against supporting documentation, assess progress on designated activities and projects, and identify challenges. These visits provided firsthand insights, enabling the Global Fund to make informed decisions that optimize grant impact and ensure alignment with objectives.
  • Reviewed budgets in accordance with Global Fund financial management guidelines, ensuring that assumptions were consistent with the approved multi-year budget and any subsequent amendments.
  • Validated data from Principal and Sub-Recipients and performed detailed dashboard analysis of Global Fund resource mobilization data to ensure accuracy and alignment with funding goals.
  • Conducted periodic Co-financing Reviews in line with the Global Fund's Sustainability, Transition, and Co-Financing (STC) Policy. This involved assessing government compliance with its financial commitments and evaluating efforts to implement innovative financing strategies aimed at expanding domestic funding, ensuring long-term sustainability of health systems, and reducing dependency on donor support.
  • Reviewed VAT refund processes periodically to identify opportunities for reducing delays in claim submissions by Principal Recipients (PR), ensuring prompt settlement by the Ghana Revenue Authority, and timely payments from the PR to the Global Fund.

Accountant

Millennium Development Authority (MiDA)
08.2015 - 01.2023
  • Company Overview: The Millennium Development Authority (MiDA) was established by an Act of Parliament (Act 702, 709 & 897 as amended) in Ghana
  • The objectives of the Authority are to oversee the implementation of the Millennium Challenge Compact (also referred to as the Ghana Power Compact) between the Republic of Ghana and the United States of America
  • In August 2014, the Government of Ghana signed the second Millennium Challenge Corporation Compact, which is the largest U.S
  • Government-funded transaction of President Obama’s Power Africa initiative
  • This Second Compact, dubbed the Ghana Power Compact, seeks to double access to power on the African continent—with the Government of Ghana
  • Oversaw all accounting activities including payment operations, recording transactions in SAP and Oracle financials
  • Maintained financial records in both electronic and hard copy formats in accordance with standard procedures and systems
  • Oversaw entire payment operations from receipt, recording and tracking of invoices to payment and accounting, and all aspects of contract administration activities including inspection, delays, disputes, and contract amendments
  • Verified and validated transactions regarding account payables by checking for budget availability, contracts, purchase orders, management prior approval and the existence and completeness of supporting documents accompanying payment requests
  • Performed weekly and monthly reconciliation of transactions paid through the ERP systems to actual transfers made to the bank to detect errors and avoid delays which could potentially lead to the payment of penalties and fines and made report available to the CFO
  • Contributed to the effective institutionalization of the Internal controls system (Fiscal Accountability Plan) through monitoring and ensuring adherence in the areas of finance and accounting
  • Conducted trainings for staff on the Accounting Manual and contributed to periodic amendments to sure they are adequate to minimize or eliminate risk
  • Supported the CFO to Develop and monitor quarterly, annual, and multi-year master budget for all projects
  • Supported program staff prepare quarterly budgets that resulted in efficient allocation of resources to achieve donor and organizational objectives
  • Trained and guided relevant program and administrative staff and partners to fully own their budgetary resources and to be able to monitor their expenses
  • Prepared financial reports required by donors and government agencies in line with their guidelines, formats and ensure they complied with the IFRS, IPSAS and other relevant regulations
  • Prepared tax reports for Withholding tax, Income Tax and tax refunds
  • Monitor budgets to ensure they remain within authorized levels and prepare re-allocations that were within administrative mandate
  • Liaise with the Fiscal Agent to ensure re-allocations were permitted before request were made and appropriated approvals sought
  • Liaised with auditors to ensure the auditing requirements of the program are satisfied as required by the Compact
  • Furnish auditors with the needed information and files, ensure all audit observations are sent to the appropriate quarters for responses and monitor all recommendations for their successful implementation
  • Developed and maintain an effective asset register using Microsoft excel and SAP ERP
  • Updated the register with new assets, and ensured assets were only taken out of the register when asset disposal authorization forms have been properly completed by the Administration Manager and authorized by the CFO and CEO and earmarked assets inspected and cleared by internal audit for disposal
  • Supervised asset tagging exercise to ensure easy identification and conducted periodic asset verification to ensure asset exist, at the right location and in good condition
  • Monitored fuel cards and reconciled receipts against fuel usage statement and vehicle log books to avoid misuse and misappropriation. Investigated irregularities and advised the CFO accordingly. Also Ensure card limits were activated to eliminate over runs and misuse

Finance & Administration Manager

EcoPrime Solutions Limited
02.2015 - 07.2015
  • Company Overview: Eco Prime Solutions Ltd
  • Is Ghana’s sole distributor of cleaning chemicals and products from Ecolab, USA.
  • Ecolab is an industry leader globally renowned for its top-of-the-range industrial and institutional detergents, soaps and sanitizers developed from over 75 years of leading-edge research and world-class expertise
  • Prepared financial statements that have been in arrears for three (3) years, got them audited and used in applying for an overdraft which helped boost liquidity of business operations
  • Staff payroll processed on time and without errors and all related regulatory requirements submitted before deadlines avoiding penalties
  • Supervised employees performing billing, stores, procurement, collection duties and Administration Assistants which improved efficiency and reduced errors and misappropriations
  • Coordinated, directed and monitored budgeting and investment activities of the company resulting in favorable variances and sufficient liquidity to run the operations
  • Developed internal control guidelines and procedures for activities such as budget administration, cash and credit management resulting in positive variances and a reduction in overdue debt occasioning an overall reduction in bad debt
  • Reorganized and corrected errors in ERP set-up which have existed since implementation making it possible to generate error free reports and accurate financial statements
  • Evaluated the need for procurement of funds and investment of surpluses and made appropriate recommendations which saw the company securing an overdraft facility of GHS 100,000.00 instead of a loan through an extensive monitoring and evaluation of cash inflows and outflows and the need to stay liquid without burdening the company with huge finance cost

Accounts Officer

Millennium Challenge Account (MCA)
10.2007 - 01.2015
  • Verified and processed vendor and contractor invoices for payment and assisted the Management Accountant with the preparation of staff payroll
  • Compiled, analyzed & submitted all requisite statutory returns
  • Assisted external auditors with the external auditing of MiDA's accounts
  • Established and maintained an effective stores and petty cash systems
  • Assisted in the preparation of budgets for submission to the Ministry of Finance
  • Prepared & monitored payments through Government of Ghana (GOG) funding and prepared financial accounts
  • Banked all refunds and payments to the organization and ensured proper documentation including proper receipting and filing of appropriate supporting document for easy referencing
  • Worked closely with procurement department to ensure that goods supplied and services rendered have been contracted for and documents available before payments processes were initiated
  • Analyzed request for Vat Relief Purchase Order (VRPO), Issued out requests and compiled and submitted data for renewal of VRPO booklets
  • Prepared bank reconciliations and supplier accounts reconciliations
  • Established, updated and maintained an efficient asset register and a filling system

Administrative Support Officer

Millennium Challenge Account (MCA)
01.2007 - 09.2007
  • Pleasantly welcomed visitors, answered phone calls and maintained front reception desk
  • Implemented and maintained a filling and referencing system for the office
  • Managed scheduling for staff, including hotel and flight bookings
  • Communicated with vendors to place and receive orders, requested vehicle maintenance services, and delivered instructions on behalf of management

Education

Master of Science - Development Finance

University of Ghana
01.2020

Bachelor of Science - Administration (Accounting)

University of Ghana
01.2005

Skills

  • Grant Writing & Proposal Development
  • Budget Review and Negotiation
  • Financial Analysis & Reporting
  • Partnership development
  • Program Development & Project Management
  • Accounts Payable & Statutory Compliance

Ictsoftware

  • SAP
  • Oracle
  • Microsoft Excel
  • QuickBooks
  • Tally

Personal Information

  • Date of Birth: 12/30/80
  • Nationality: Ghanaian

Training

  • 2024, Data Analytics and Visualization, IDMC Ghana
  • 2022, How to avoid as well as answer audit queries, Audit Service, Ghana
  • 2022, Microsoft Excel Advanced and Applied, Knowledge Tree, Ghana
  • 2021, Managing Cyber Threat for Finance Professionals, ACCA & EdX
  • 2019, Safety, Risk and Hazard Analysis, Millennium Challenge Corporation
  • 2018, Creation and Administration of Fixed Asset Register, University of Ghana Business School
  • 2017, Millennium Challenge Corporation (MCC) Anti-Fraud and Corruption, MCC
  • 2015, SAP FICO training, SITA Corp

Professional Associations

  • Chartered Accountant, Association of Chartered Certified Accountants, United Kingdom
  • Project Management Professional (PMP), On-going

Timeline

Grants Manager

Millennium Development Authority(MiDA)
02.2024 - Current

Finance Professional

KPMG Local Fund Agent (LFA) Services in Ghana
02.2023 - 01.2024

Accountant

Millennium Development Authority (MiDA)
08.2015 - 01.2023

Finance & Administration Manager

EcoPrime Solutions Limited
02.2015 - 07.2015

Accounts Officer

Millennium Challenge Account (MCA)
10.2007 - 01.2015

Administrative Support Officer

Millennium Challenge Account (MCA)
01.2007 - 09.2007

Master of Science - Development Finance

University of Ghana

Bachelor of Science - Administration (Accounting)

University of Ghana

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Lily Tekuor Tackie-Yaoboi