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By
Iddi Yire, RNG
Accra, March 19, GNA –
Mr. Osei Gyasi, Head of Bank Supervision Department, Bank of Ghana
(BoG) affirms that the financial sector needs honest professionals in order to
strengthen it.
He said one of the
important activities in the banking sector were financial reporting; declarer
inaccurate reports on banks' financial performance by some
professionals.
He said that these were
some of the practices that led to the revocation of the banking license of some
financial institutions; adding that, given its implications, some
accountants and finance professionals could not work in the banking sector
space for the rest of their lives.
Mr. Osei Gyasi said this
in his presentation at the launch of the Faculty of Accounting and Finance 2019
Celebration of the Professional Week (FAF) at the University of Professional Studies,
Accra (UPSA).
The week
The theme of this celebration is "Strengthening Ghana's Financial Sector: The Role of
professional accounting and finance ".
Mr. Osei Gyasi said
a number of initiatives to be deployed, while the
the implementation of Law 930 had resulted in some things that had been
observed in the banking sector; "This is one of the ways to strengthen
The area".
He said BoG too
published the directive on corporate governance and which it was currently
directors of banks, audit councils, auditors and many others
objective to ensure that the banking sector is properly managed.
Mr. Osei Gyasi
told that the sector was progressing and that only those who were
ready to play according to the rules would have space in the banking area.
He urged students to
be aware of their behaviors; stating that, otherwise, permanently
they would be excluded to play a role in the financial sector.
Dr. Raymond K.
Dziwornu, Dean of FAF, UPSA, in an interview with the Ghana News Agency
said in the past there had been problems in the financial sector and
accountants and finance professionals were blamed for the way they handled
their different roles.
He said as a
institution they train accountants and other finance professionals but
they understood that to go forward, they had a role to play, especially
highlighting the problems of integrity and the problems of report.
He said the program
has been set up with the aim of contributing to strengthening the
financial sector; saying, no matter what reforms, the Central Bank is putting in place,
those who practiced in different banks and institutions had a role to play
to play.
The dean said that
they decided to appeal to this for their students, to make sure that they
have recognized the role they must play in helping the regulator to strengthen
the financial sector to make it more robust to achieve the desired objective.
Dr. Dziwornu stated that
after the launch of the week's celebration, there would be a number of activities
including his "FAF Professional Day", which would organize a seminar on the
retention strategies and some performance management issues for their students
need to be aware.
Other programs
scheduled for the week include; sports activities and job fair.
He said the week
the celebration would be the pinnacle with a Thanksgiving service.
GNA
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