The Institute of Chartered Accountants Ghana (ICAG) has given indication it will set up an accountancy school just like the Ghana Medical School, Institute of Architects, Ghana Law School to deepen and enhance quality of the accountancy profession.
“We believe that if we are able to set one up we can bring up quality accountants, and that is what we are aiming at,” President of ICAG Christian Tetteh Sottie told the B&FT when he led officials of ICA UK and ICAG to pay a courtesy call on the Speaker of Parliament.
ICAG was established by an Act of Parliament in 1963 and that is the only body that regulates accountancy in the country.
By the law mandating its work, ICAG is to train and develop accountants – over the years it has been using the tertiary institutions, the universities to run some of its programmes.
With some of the public universities such as University of Ghana, University of Cape Coast collaborating with ICAG to train some of its students, Mr. Sottie reckons that the time has come for an accountancy college to be set up.
He also urged government to support the body through the GETFUND allocation in order to enable them train more competent accountants.
Even though the country has adopted International Public-Sector Accounting Standards, implementation which will require training has been lacking, Mr. Sottie said.
In collaboration with the Association of Accountancy Bodies in West Africa, ICAG also organises the Accountancy Technician Scheme West Africa (ATSWA), an accountancy technician programme.