In the wake of Ghana’s current economic challenges accountants have been called on to be innovative in applying effective management skills in their organizations.
[contextly_sidebar id=”9aWxLLuT5Vf3s4m8aHjSR2Na4KOI72L5″]According to the Managing Partner of Deloitte and Touche Felix Nana Sackey the current challenges of the economy including the poor performance of the cedi, high interest rate and high inflationary trends demands accountants to be up and doing in turning the economy around.
Ghana in the last three years has experienced difficulties characterized by declining economic growth, increasing inflation rates, rising debt levels and financial vulnerabilities.
Speaking to Citi Business News at the sidelines of inauguration of Association of Certified Chartered Accountants (ACCA) new network panel board, Managing Partner of Deloitte and Touche Felix Nana Sackey said lack of creativity, effective management skills and ability to anticipate Ghana’s needs were hampering effective accounting work.
“Of course everybody knows that there is turbulence when it comes to business management because you don’t know where the interest rate is going, you don’t know where inflation is also going and where the exchange rate is going, so there are a lot of dynamics on the market that as a country we must look at. I think that the best thing that an accountant can do is to leverage on our training. You know accountants are basically risk averse people as we look at plans and make sure the company is growing according to plan set and spending within budget as well’.
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By: Norvan Acquah – Hayford/citifmonline.com/Ghana
