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    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

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Accountants must wake up to save Ghana- Deloitte & Touche

bycitibusinessnews
October 19, 2015
in Banking And Finance, Business, Top Stories
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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.

IMG_20151007_181009Ghana in the last three years has experienced difficulties characterized by declining economic growth, increasing inflation rates, rising debt levels and financial vulnerabilities.

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IMG_20151007_181246Speaking 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.

IMG_20151007_182513“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’.

–

By:  Norvan Acquah – Hayford/citifmonline.com/Ghana

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