W/shop on financial management underway in Accra

A five-day workshop on macroeconomic and financial management is underway in Accra.

It is to equip participants with the knowledge to explain accounting principles, analyse data and upgrade their skills on government statistics.

The course was designed to enable the beneficiaries to apply experiences in the day-to-day running of public and state institutions.

It is being organised by the West African Institute for Financial and Economic Management (WAIFEM), an organisation established by the central banks of The Gambia, Ghana, Liberia and Nigeria to improve the financial capacity of the member countries.

It brought together financial experts from Ghana and the West-African sub-region.

In a welcome address, the Director General of WAIFEM, Professor Akpan H. Ekpo, in a speech read on his behalf said the workshop would deepen regional integration.

In line with technological advancement, he said the WAIFEM had started e-learning programmes in public sector debt management run in French to bridge the gap between Anglophone and Francophone speaking countries.

Already, Prof. Ekpo said that 30 participants had completed a three month diploma programme in the aforementioned course in February 2016, adding that the e-learning programme in banking supervision being accredited by the Chartered Institute of Bankers Nigeria, would also commence this year.

Upon completion of the five-day workshop, he said, the participants would be able to harmonise accounting and financial principles in governance, banking and the public sector.

He outlined accounting principles, public sector balance sheet, financial and non-financial assets and liabilities, the role of government treasury management, fiscal indicators and revenue expenses and public debt as some topics to be covered at the workshop.

In the past years, he noted that the WAIFEM had organised trainings, workshops and seminars in 591 courses, which benefitted about 16,120 participants from the sub-region and beyond.

The Governor of the Bank of Ghana, Dr Ernest Addison in a speech read for him, underscored the role of the government in ensuring fiscal discipline, explaining that it was the responsibility of the central bank to design fiscal and monetary policies to enhance growth.

He said that improving the capacity of those in charge of finances in both the public and the private sector was crucial to the development of the every economy.

By Malik Sullemana and Priscilla Allotey

 

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