Turn IPSAS compliance into better public services – Forum
Ghana has been urged to build on its achievement of full compliance with applicable International Public Sector Accounting Standards (IPSAS) and ensure that the reforms translate into better management of public funds and improved public services. The country achieved full compliance with applicable IPSAS in 2023, a milestone described as an important step towards improving … The post Turn IPSAS…
Ghana has been urged to move beyond achieving full compliance with International Public Sector Accounting Standards (IPSAS) and leverage the milestone to improve public financial management and services. At a Public Financial Management (PFM) Forum in Accra, experts emphasized that the focus should now shift towards ensuring the reliability and usefulness of financial information generated, which can support planning, budgeting, asset management, and policy decisions.
The International Public Sector Accounting Standards Board (IPSASB) Chairman, Thomas Müller-Marqués Berger, commended Ghana's progress in implementing accrual-based IPSAS, noting the country's commitment to transitioning to accrual accounting since 2007.
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