May 16, 2018

The Speaker of Parliament Professor Aaron Michael Oquaye has underscored the importance of a well-established accountancy processes in every establishment if Ghana is to develop through joint ventures.

According to him accountancy is an instrument for national development therefore the role of the accountancy professionals cannot be overemphasized since investors rely mostly on effective accountancy standards enable them invest in limited liability entities which will inure to the greater benefit of the country.

“…in fact accountancy is the mother of limited liability companies, if accountancy is poor, you can’t have companies, because the man who has bought shares and is expecting that he not going to sit at the company, his going to rely upon the books prepared by proper accountants and the profits would be declared appropriately, he is going to rely on accountants otherwise he won’t put his money there” he stated.

The Speaker made these remarks when members of the Institute of Chartered Accountants, Ghana (ICAG) and ICAUK paid a courtesy call on him in Accra.

He noted that Ghana’s decentralization concept will not work without qualified accountants at the local levels hence the need for the country to give preference to the accountancy profession.

Parliament he said is a house of accountancy which cannot do its work effectively without the involvement and support from accountants.

Prof Oquaye has therefore pledged the readiness of Parliament to work with the accountancy professionals through collaboration to deepen professionalism and high standards in the country.

“We cannot do our work well if we don’t embrace the work of accountants, we at Parliament will want to work with you more” Mr Speaker stated.

By Christian kpesese/