Professor Akwasi Asabere-Ameyaw, Vice Chancellor of the university, who announced this at the 17th matriculation of the College at Asante-Mampong, commended the Carnegie Corporation of New York for supporting the scheme.
He said the College admitted 469 fresh students out of 797 applicants and that 328 of them, representing 87 per cent, were males, and 48, representing 13 per cent, were females.
Prof Asabere-Ameyaw complained of budgetary constraints because of dwindling allocation of financial resources from government.
He said that notwithstanding the situation, the university continued to put in place measures to ensure the provision of adequate and quality services.
Prof Asabere-Ameyaw said the Ghana Education Trust Fund (GETFund), has supported the university to build a 672-capacity bed hostel.
He said a modern library complex was under construction, to enhance teaching and learning, and to link the College to other learning centres, if completed.
Prof. Asabere-Ameyaw said there was an on-going programme for the university to refurbish academic and residential facilities.
He said the university would turn out well-equipped products to lead the crusade towards the eradication of illiteracy and poverty.
Prof. Asabere-Ameyaw advised the fresh students to abide by rules and regulations of the university.