The Institute of Chartered Accountants (Ghana) (ICAG) and the Chartered Institute of Public Finance and Accountancy (CIPFA), have signed a Memorandum of Understanding (MoU) to collaborate in promoting good Public Financial Management (PFM).
The MoU finalizes the relationship between the two professional bodies and creates a framework for the two institutes to collaborate to promote good PFM practices in Ghana. Both Institutes have identified strengthening the capacity of finance professionals across government as a key issue.
The two bodies will also collaborate in the implementation of IPSAS in Ghana. The partnership will also ensure that the voice of the accounting profession is heard on issues of public interest regarding public financial management, economic and fiscal policy within Ghana.