The Asantehene, Otumfuo Osei Tutu II, has applauded the Controller and Accountant-General's Department (CAGD) for its pivotal role in shaping Ghana's economic landscape. Speaking at the closing ceremony of the CAGD 2024 annual conference in Kumasi, Otumfuo Osei Tutu commended the department for its tireless efforts in upholding fiscal discipline, transparency, and accountability.
The closing ceremony also marked the launch of several technical tools to be deployed by the CAGD in its operations. These tools include the Enhanced Standard Fixed Assets Register, IPSAS (International Public Sector Accounting Standards) Training Manual, IPSAS Compliant Financial Reporting Templates, new Government of Ghana (GoG) Accounting Policies, IPSAS Compliant Chart of Accounts, and an IPSAS Compliant Checklist.
The Asantehene acknowledged the significance of accounting reforms and emphasized the importance of financial reporting in public financial management. He urged accountants to take their work seriously and utilize these tools to improve financial governance and reporting standards.
Mr. Kwasi Kwaning-Bosompem, the Controller and Accountant-General highlighted the dedication and effort invested in developing these manuals, which aim to enhance financial processes, strengthen accountability, and ensure compliance with international standards. The IPSAS Training Manual is designed to equip professionals with the knowledge and skills necessary for the successful implementation of international standards.
The Government of Ghana's financial reporting template introduced as part of these tools will contribute to standardized and transparent financial reporting. The conference, held under the theme “Enhancing Economic Growth through Innovation and Adaptation,” focused on fostering innovation and adaptation for sustainable economic growth.