The Institute of Chartered Accountants in
England and Wales (ICAEW) has signed an agreement with the
Institute of Chartered Accountants in Ghana (ICAG) to help
strengthen Ghana’s corporate financial reporting regime.

The aim of the three-year joint project is to
enhance ICAG’s ability to regulate audit firms in line with
international standards.  

ICAG president Joseph Blankson said West
Africa will play a major role in driving the global economy.

“Robust financial reporting is one of the
major building blocks for sustainable economic growth, and a strong
professional body is essential for developing and maintaining this
– as well as being the cornerstone of strong technical and ethical
standards. This is why ICAG is strengthening accounting and
auditing standards not only in Ghana but across West Africa,” he

ICAEW team leader Vernon Soare said the
ICAG is helping to ensuring Ghana has internationally-recognised
technical and ethical standards, “which are the foundations of
economic development”.