General News Fri, 20 Apr 2001

President Kufuor cautions Accountants

President John Agyekum Kufuor on Friday asked the leadership of accounting institutions to live up to expectation and contribute to the national development effort.

"We need you most. Therefore ask your members to manage the country's finances efficiently and effectively to make profit for progress."

President Kufuor made the call when a four-man delegation of the Association of Accounting Bodies in West Africa (AABWA) paid a courtesy call on him in Accra.

It was also to officially invite President Kufuor to deliver the keynote address at the three-day Sixth AABWA Congress scheduled for Accra from Wednesday April 25-27.

President Kufuor said accountants are very vital in efficient management, adding, "your work is an honoured and relevant one. You are indeed indispensable since good management depends on proper accounting and auditing."

He noted that cliques have been formed in government institutions and ministries, where so much deals have been swept under the carpet and government finances not properly accounted for.


"All of them are your members. We are leaning heavily on you and in the end expect you to deliver the goods and we would co-operate with you."

President Kufuor asked accountants in government institutions and ministries to work efficiently to cut out waste and make savings.

"In appreciation of your vital role, the government has appointed five qualified accountants to ministerial positions".

Madam Auriel Lokko, President of the Institution of Chartered Accountants in Ghana, who led the delegation, pledged their support in the efficient management of the country's finances.

She appealed for government's assistance to review the Accountants Act and the Companies Code and to train middle-level accountants to manage the finances of the Metropolitan, Municipal and District Assemblies.

Source: GNA