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20.11.2008 Business & Finance

ICAG outdoors maiden manuals

By Masahudu Ankiilu Kumateh - Ghanaian Chronicle

The Institute of Chartered Accountants Ghana (ICAG) has launched four manuals, with a call on accounting lecturers in Ghana, to use the manuals to teach accounting students, rather than using foreign accounting books.

The four manuals are: Strategic Management, Accounting Foundations, Financial Management Strategy and Corporate Reporting Strategy, for accounting students in level one, two and three of the ICAG.

The President of the ICAG, Mrs. Cecilia Nyann, disclosed that previously students of accounting had to read a number of books to prepare for a particular subject written from foreign countries. This resulted in low pass rates in examinations.

The low numbers have had repercussions on the Ghanaian economy, because there were unqualified accountants manning key positions in the economy.

“As the economy grows there would be the need for more professional accountants, hence the reason for producing the manuals.”

The Minister of State at the Ministry of Education, Science and Sports, Ms Elizabeth Ohene, who performed the launch, appealed to accountants to be ethical inclined, so as to provide quality services to society.

The Managing Director of the HFC Bank, Mr. Asare Akuffo, who chaired the function, called on accountants to be dedicated and committed to the profession, to enable them contribute genuinely to the development of the country.

He added that “As accountants, we have the responsibility to put in place checks and balances, and this can be done by training our students very well.”

Mr. Akuffo advised accounting students to be broad-minded in every sphere of human endeavour, to enable them to be abreast with issues.