The Controller and Accountant-General’s Department has held its 2024 Annual Conference at the Great Hall, Kwame Nkrumah University of Science and Technology in the Ashanti Region of Ghana, under the theme: “Enhancing economic growth through innovation and adaptation”. The Conference is an annual event, held by the Department to enable its staff and stakeholders across the length and breadth of the country, gather to reflect, take stock of the previous year as well as strategize for the ensuing year.
In his opening address, Mr. Kwasi Kwaning-Bosompem, the Controller and Accountant-General, said the Department plays a pivotal role in fostering transparency and accountability in the country and that is the reason why deliberate steps were taken to maintain the momentum of the conference since its revitalization in 2021. He said the rebirth of the conference has provided a crucial platform for assessing performance, soliciting insights, and enhancing operational efficiency. Stating that, the theme of the various conferences serves as a guiding beacon, directing efforts towards embracing innovative practices and dynamic approaches in operations, crucial for organizational resilience and sustainable economic growth amidst rapid technological advancements and evolving economic landscapes.
The CAG underscored the Department’s achievements over the past year as tangible evidence of its unwavering dedication to excellence and progress. Despite the unprecedented global economic challenges and its effects on the Department, CAGD has demonstrated resilience and agility in ensuring the timely disbursement of salaries and pensions. Other significant achievements includes the successful integration of the GoG payroll with the National Identification Authority (NIA) Database and the upgrade of the Third-Party Referencing System (TPRS) as well as enhanced efficiency and transparency in financial management. Other initiatives like the introduction of the E-Travel Card and establishment of the Staff Health Fund further underscores the commitment to employee welfare and organizational resilience.
He also touched on the production of a comprehensive whole -of- Government national accounts, submission of accounts ahead of schedule, and full adoption of the International Public Sector Accounting Standards (IPSAS) showcased the unwavering dedication to upholding the highest standards of financial governance. While celebrating accomplishments, The Controller and Accountant General, Mr. Kwaning-Bosompem acknowledged some challenges faced in the past years including unresolved issues such as the non-payment of staff honorarium. However, addressing these challenges remains a top priority, with a commitment to finding swift and equitable solutions. He said moving forward, the Department will remain steadfast in its commitment to collaboration, and continuous improvement by leveraging emerging technologies, fostering strategic partnerships, and cultivating a culture of innovation to propel Ghana towards a future defined by sustainable prosperity and inclusive economic growth.
The special guest of honour, the Vice President H.E, Hon. Dr. Alhaji Mahamudu Bawumia who was represented by the Regional Minister Hon. Simon Osei Mensah in his speech said, the theme resonated strongly, highlighting the pivotal role of accountants in driving economic progress. He stated that the Controller and Accountant-General’s Department had made significant strides in leveraging technology to streamline processes, such as the Electronic Salary Payment Validation (ESPV) system and the Third-party Reference System (TPRS), which aimed to prevent fraudulent transactions. Initiatives like the Ghana Integrated Financial Management System (GIFMIS) had bolstered budgetary controls and internal audit capabilities. The introduction of the E-travel card and the linkage of the National Identification Authority (NIA) Database to the GoG payroll represented further advancements in public financial management. Whilst acknowledging these achievements, he called for continued improvement to ensure accessibility and economic gains for the country. He urged Accountants to leverage technological principles, such as cloud-based accounting systems and automation, to enhance economic growth. Emphasizing the importance of cybersecurity measures and sustainable accounting practices. He stressed on the need for continuous professional development which is an essential tool for adapting to evolving technologies and regulations. By embracing innovation and adaptation, accountants could become strategic partners for businesses, contributing to sustained economic growth he added. He said the conference underscored the critical role of innovation and adaptation in navigating the challenges of the modern era and positioning the nation at the forefront of the global economy. He urged attendees to prioritize the topics discussed, recognizing their significance in driving economic prosperity for the nation.
The Ashanti Regional Minister, Honorable Simon Osei Mensah on his own behalf welcomed the participants to the region. He was thankful that his region was chosen to host such an educative and insightful event.
Hon. Simon Osei Mensah highlighted the importance of embracing change in financial management sector and was enthused about the theme for the conference which aims to explore how innovative practices could streamline processes, reduce costs, and enhance efficiency. He acknowledged the pivotal role of some accounting institutions like the Controller and Accountant-General’s Department and its various initiatives such as the implementation of the GIFMIS system and the recent NIA and GoG payroll linkage.
Hon. Osei Mensah was excited about the topics to be treated, stating that it is best for Accountants in this era. He encouraged participants to engage in insightful discussions as well as explore the captivating tourist sites in the region.
Also present at the opening ceremony was the Head of Service, Office of the Head of Civil Service, Dr. Evans Aggrey Darkoh, Head of Local Government Service, Ing. Dr. Nana Ato Arthur, Mayor of KMA, Hon. Samuel Pyne, CEO Of EOCO, Maame Yaa Tiwaa Addo-Danquah.