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GAE 2012 Ghana
Country Characteristics of Ghana
Total population (millions)
25.1 (N/A)
GDP per capita (USD)
Business language
Legal system
Economic position
3,300 (2012) (ranked 173 in the world)
English
Mixed
Factor driven
Regional affiliations
Commonwealth, OAS (observer), UNCTAD
Accountancy Profession in Ghana
Institute of Chartered Accountants Ghana (ICAGH)
IFAC membership
Full member
Affiliations
Pan African Federation of Accountants (PAFA), Association of
Accountancy Bodies of West Africa (ABWA)
Part I (2006), part II (2007), part III 2013)
IFAC compliance information
Qualification
Chartered Accountant (CA)
Address
P. O. Box 4268, Accra, Ghana
Tel: 666954/5; 669591/2 Fax: 669594
[email protected], www.icagh.com (English)
Recognition
There are no recognition agreements for accountants from Ghana with
comparable qualifications in other countries.
Accountancy Education in Ghana
Candidates for ICAG membership have to complete a program of professional accountancy education, complete
practical experience requirements and pass final examinations. ICAG’s education system incorporates all the
requirements of the International Education Standards (IES). ICAG’s MCPD has also been reviewed in line with
the requirements of IES 7, Continuing Professional Development. The Institute is in the course of further
enhancing its education system to benchmark that of ICAEW.
Characteristics of Accountancy Education
Certification Requirements
Program of professional accountancy education
Practical experience requirement
Final assessment of professional capabilities
CPD
Providers of Professional
Professional accountancy organization and universities
Education
Responsibility for Education
Profession
Requirements
Licensing Requirements for
Academic study and practical experience
Auditors
Compliance with International Education Standards
Level of compliance with IES
Adoption
Implementation
High
High
Personal Development
High
High
Professional Accountancy Education
High
High
Professional Development
High
High
Competence for Audit Professional
Sub-Pillar Scores - Ghana
Personal Development
1,00
0,80
0,60
0,40
Competence for Audit
Professionals
0,20
0,00
Professional
Accountancy Education
Professional
Development
Adoption
Implementation