She has received several teaching/mentoring awards at the University of Kansas, including The Outstanding Woman Educator Award, the Kemper Teaching Award, the Byron Shutz Award for Excellence in Teaching, and the Woman of Distinction Award. She is also the President-elect of the African Finance Economic Association and an Associate Editor of The Journal of African Economies. Professor Asiedu received her B.S. (Hons) from the University of Ghana, her M.S. in Mathematics from the University of Illinois at Urbana-Champaign (UIUC), and her PhD in Economics also from UIUC.