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01.12.2011 Business & Finance

Ghana Bids For IMO Position

By Kate Baaba Hudson - Daily Graphic
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Ghana is contesting the position of External Auditor for the International Maritime Organisation (IMO), at the ongoing 27th regular session of the assembly of the IMO for the term of 2012-2015.

If that position is secured, Ghana will also become the External Auditors for the academic institutions of the IMO, namely the World Maritime University (WMU) in Sweden and the International Maritime Law Institute (IMLI) in Malta for the same period.

Ghana will conduct the audit in conformity with International Public Sector Auditing Standards (IPSAS) and generally accepted common auditing standards, subject to any special direction of the organisation, in accordance with IMO Financial Regulations.

Ghana’s Deputy High Commissoner to the United Kingdom and Ireland, Mrs Elizabeth Nicol, introduced Ghana’s candidate for the External Auditor position in the person of Ghana’s Auditor-General, Mr Richard Quartei Quartey, during a reception held at the Ghana High Commision in London.

Mrs Nicol said it was common knowledge that over the years, Ghana had contributed immensely to the work of the IMO in various capacities and had participated effectively at various committees and sub-Committees, as well as hosting of various seminars and conferences on behalf of the IMO.

The deputy high commissioner told the gathering that Ghana was offering her candidature because the country strongly believed she had something unique to offer that would enhance the overall development of the IMO.

The auditor-general said his department had over 58 professionals in various fields and was ready to provide any additional support to IMO when required.

He noted that Ghana’s decision to present her candidature for appointment as External Auditor to the IMO, stemmed from its long-standing experience in the audit of international organisations, saying between 1976 and the year 2000, a period of 24 years,

Ghana served as a member of the United Nations (UN) Board of Auditors, auditing the United Nations Organisation in New York and other field offices throughout the world.

Ghana decided to pull out in 2000 in order to re-engineer her domestic audit environment and build her internal capacity in new audit methodologies including Performance or Value for Money Audit and Information Technology (IT) audit and to enable the Audit Service to train its staff in international auditing standards.

Mr Quartey announced that Ghana was currently serving on the Audit Committees of the African Union (AU), the Economic Community of West African States (ECOWAS) and the English Speaking African Organisation of Supreme Audit Institutions (AFROSAI-E).

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