Story by Azaglo Fiakofi Michael

Launching of ipsas accredited certification programme was held today 20th January, 2021 at Alisa Hotel.

Acting controller and accountant general,Mr.kwasi kwaning  Bosompem established that the Government of Ghana has implemented various public financial management reforms in order to ensure transparency, public accountability and quality financial reporting.

The reforms have over the years been grounded in the public financial management reforms strategy (PFMRS) developed to serve as a National strategic document to aid the development of Ghana's public financial management (PFM) programmes.

He said ,"The goal of the strategy is to establish efficient, transparent and accountable resource mobilisation, allocation, management and utilisation of resources to meet Ghana's development agenda".

That the implementation of the public sector accounting standards (IPSAS) which seeks to enhance efficiency in the public financial management of this country.

He shared with Ghana news desk,that IPSAS is presently the focal point of global revolution in government accounting in response to calls for greater government financial transparency and accountability.

The  international federation of accountants (IFAC),which is the global body of the accountancy profession,in it bid to established and promote adherence to high quality professional standards in the public sector.

Established the international public sector Accounting Standard Board (IPSASB).

This board focuses on the development on the financial reporting standards for use for use by public sector entities around the globe.

As a policy makers and heads of MDAs and public sector organizations, we are to play the lead role in the implementation of IPSASs in our various institutions.

He encouraged everyone to take the exercise seriously as government takes these giant steps to improve on public financial reporting through the implementation of the international public sector accounting standards, and also to take oversight responsibility in the implementation of IPSASs in our various institutions.

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