Mr Yaw Osafo Marfo, Senior Minister has urged educational institutions to recruit quality lecturers and invest in them, to be able to train professionals to salvage organisations from fraud and misappropriation of funds.
He noted that there were problems in the Accounting and Finance sectors of the country, which seeded serious attention.
Mr Marfo gave the advice at the launch of the Global Heritage Professional Training Centre (GHPTC), which is in partnership with Kaplan United Kingdom (UK), to provide professional educational services in Accounting and Finance in the country.
He noted that Accounting and Finance were the engine of organisations mostly in the US and Europe, and there was the need to improve on these two areas in Ghana.
“You go to many organisations and those who handle the most sensitive operations, which are Accounting and Finance, are the least qualified. This is a problem that has lived with us for a very long time because management sometimes is not ready to pay the adequate fees to this particular professional group to get them to supervise the operations of the company,” Mr Marfo noted.
He said: “We need people, who understand that part of our development to steer it up and business must be ready to pay the appropriate fees to professionals to manage their accounting and finance.
“It is an area Ghana needs that we all must promote and protect. Anytime you take the newspapers you will see some form of fraud somewhere.
“You come across some money vanishing somewhere because the accounting system at that place is not professionally done, therefore, when one smart guy gets into it, he cheats the whole system.”
Mr Seth Nketiah, the Programmes Manager of GHPTC, recognised by the National Accreditation Board, said the GHPTC sought to advance the study of ACCA Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CIMA) and the Chartered Financial Analyst (CFA) through the use of modern technology.
He said GHPTC would streamline lecturers from Kaplan UK for students to interact and network with other students and people worldwide to have the unique opportunity at exploring and sharing the experiences from other parts of the globe to meet their local career needs.
Mr Nketiah gave the assurance the academic entity would get Oxford Brookes degree in Bachelor of Science (Hon) in Applied Accounting and Essex University, Master’s degree if they complete the ACCA and graduation with University of Essex in UK.
He indicated that the institute would also provide short term capacity tailor-made programmes to institutions and agencies to build their human resource.
Nana Appeanin Kwaframoa II, Akyem Awisa Krontihene, urged management of the college to monitor the performance of students on internship in order to produce qualified professionals. – GNA