Educational accountants hold workshop on financial discipline to avert PAC sanctions

The Ashanti Regional chapter of the Association of Educational Accountants (AEA) Ghana recently held a significant workshop to improve financial management and sustainable development in the education sector. The event, themed "Equipping Educational Accountants on IPSAS, Procurement, Tax and Audit for Sustainable Educational Development," brought together accountants and finance officers from various Senior High Schools and educational institutions.

Dr. William Kwame Amankra Appiah, the Ashanti Regional Director of Education, emphasized the importance of a professional relationship between accountants and heads of Senior High Schools. He highlighted the need for mutual respect, teamwork, and open communication to ensure transparency and smooth administration. Dr. Appiah urged accountants to strictly follow the International Public Sector Accounting Standards (IPSAS) and all public financial laws to maintain accountability and transparency in school fund management.

He also stressed the importance of adhering to due process in procurement and complying with tax regulations to prevent sanctions. Dr. Appiah advised accountants to remain professional, avoid undue pressure, and let integrity guide their financial decisions. The Regional Director concluded by encouraging accountants to foster teamwork, communicate openly, and maintain their professional independence.

Mr. Yousef Owusu Akusa, the Ashanti Regional Chairman of the Association, explained that the workshop was designed to equip members with current knowledge on IPSAS, procurement, taxation, and audit. He noted the increasing scrutiny of public financial management and the frequent summoning of Senior High School accountants before the Public Accounts Committee (PAC).

Mr. Akusa emphasized that the training would help accountants prepare accurate financial statements, ensure compliance with procurement and tax laws, and act as ethical advisors to school heads. Despite their commitment, he lamented the delay in government fund releases, which hampers effective financial planning and execution in schools.

He appealed to the government, through the Ministry of Education and the Ghana Education Service, to release funds on time to enable accountants to work effectively. With continuous training and support from the Regional Education Directorate, Mr. Akusa expressed optimism that accountants will significantly contribute to accountability and sustainable education development in the Ashanti Region and Ghana.