The Association of Chartered and Certified Accountants (ACCA) Ghana intends to delist its members who are found culpable in the recent collapse of seven banks in the country
In an interview with the GRAPHIC BUSINESS, the President of ACCA Ghana,
He said it was in this vein that it kept
“ACCA Ghana is taking up some of these issues seriously as they come up and in due
“All these things are a process and we don’t have to jump out and tell everyone what is going on. We have various disciplinary procedures that we are going through,” he added.
He said some of those processes did not happen overnight since everyone had to be given a fair hearing to ensure they were not unjustifiably
Inducts new members
The ACCA has inducted 400 new members into the professional body.
Touching on the theme for the induction, which was ‘Professional accountants as change leaders’, he said accountants in the past had always led change in the world and was therefore only fit and proper to remind accountants in the country to keep up with the tenet of leading the change and following in the crusade for change that had always been by their training.
Giving the keynote address, the Deputy Auditor General,
He said the mode in which people were appointed into public offices was likely to be the cause of the continent’s predicament.
“Without knowing, we appoint people who are obsessed with their own selfish interests to strategic institutions and they quickly accept the positions and immediately embark on their own personal economic recovery programmes at the expense of the call to duty,” he stated.
“Some of our elected officials use
With that, what kind of leadership would you expect from such people? If this is how some of our elected officials get into power, then we can’t begrudge them if they have to use corrupt means to recoup what they lost, plus more,” he added.
“As you will recall, there was a controversy over government liabilities when there was a change in government in 2017.
Some people were skeptical about the past administration and blamed them for inflating government liabilities,” he noted.
He also said the Auditor General in the public’s interest took up the challenge to ascertain the true liability position of
“It will surprise you to know that out of a total liability of GH¢11.1 billion presented to the Ministry of Finance in 2017 for payment, a total claim of GH¢5.4 billion was rejected on the grounds that those transactions lacked sound basis,” he said.
“Can you imagine that some of these claims were in fact just estimates, others had no supporting
It will interest you to know that these claims were presented to the ministry by no other persons than the accountants we have in the respective Ministries, Departments
He said that indeed raised the question as to the