Institute of Chartered Accountants Ghana ICAG

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Soon after Ghana attained independence, the zeitgeist was for the need to achieve optimum development in every facet of the Ghanaian human life. At the time, there was a general yearning by the average Ghanaian to develop local capacity. The training of accountants was experiencing severe difficulties due to inadequate local practical experience for accountancy trainees.

This eventually led to the establishment of a local accountancy professional body which was later incorporated on 19th April, 1963 as the Institute of Chartered Accountants (Ghana) by presidential assent.

A high point in the early days of the Institute was when it conducted its first batch of professional examinations locally in May 1968 with a pass rate of 2 out of 7 candidates representing nearly 30%. It collaborated with the English Institute of Chartered Accountants in this effort until 1978 when ICAG gained autonomy.

We have not looked back since. Today, ICAG has established its own school to facilitate accountancy training through a better focused and structured effort and pass rate at each sitting in either May or November usually peak over 200 candidates.

In collaboration with the Accountancy Bodies West Africa, ICAG also organizes Accountancy Technician Scheme West Africa (ATSWA), an accountancy technician programme.

Overview

Since the mid-sixties, the Institute of Chartered Accountants (Ghana) has been providing accountancy training at both technician and professional levels. However, in those early days, pass rates at various levels were impeded by the non-availability of reading materials for students. This trend experienced a turn around, in the 80s and has seen a major boost since accounting manuals for the four (levels) were introduced in November 2008.

The establishment of the ICAG College in June 2009 augmented the Institute’s effort to provide readily available tuition to prospective and regular students on part-time and regular streams.

This tie in with the Institute’s bid to provide quality tuition at the three levels (that is, Parts 1-3) in a conducive learning environment at the ICAG College located at Okponglo, East Legon, along the Trinity Theological Seminary-IPS Road.

Our Mission

To produce professional accountants of the highest quality, ready to provide cutting edge services to their clients at all times and upholding the ethical values of the accountancy profession.

Our Vision

To be premier institute of Chartered Accountants in Africa by:

  • Having a technically competent and appropriate membership;
  • Providing services of the highest professional standards to industry, commerce and government;
  • Being recognised for highest standards of competencies, integrity and excellence;
  • Providing the best services to members and students; and
  • Being accepted as an authoritative body in accountancy and financial matters.

Our Core Values:

  • Competency: to display the highest professional competency in the technical services rendered to the public, matching worldwide standards and measurable through benchmarking with first class institutes.
  • Integrity: to serve as trustworthy, dependable and respected in the conduct of our duties, services and pronouncements relating to the profession.
    Excellence: to strive at all times to achieve excellence through continuous improvement, benchmarking, research, technology, knowledge and expertise in various fields and services provision to clients, members and students.
  • Versatility: to proactively respond to changing times and challenges that are faced by the profession, clients, members and students by maintaining a forward looking posture that learns from the past and strives to anticipate and plan for future developments.

Our Motto: Integrity

Preamble

The Institute currently runs two distinct programmes.

  1. The Professional Programme
  2. The Technician Programme, known as the Accounting Technician Scheme West Africa (ATSWA) Programme.

A candidate who successfully completes the ICAG professional programme and has obtaied working experience in accountancy and approved by ICAG Council, qualifies to use the designatory letter ‘CA’ after his/her name.Successful completion of the ATSWA programme, however, opens up a way for people to take up middle-level managerial jobs and can serve a good introduction to the very determined who may wish to proceed to the professional programme. They can also pursue to CA professional programme to qualify as chartered accountants.

The Council is required to:

  • Conduct or provide for the conduct of the qualifying examinations for membership of the Institute or for registration as accountant under the Act and to prescribe or approve courses of study for such examinations.
  • Supervise and regulate the engagement, training and transfer of articled clerks.
  • Specify who trains articled clerks and how the trainer may be deprived of that right.
  • Maintain and publish a register of chartered accountants and practise accountants.
  • Secure the maintenance of professional standards among persons who are members of the institute and to take such steps as may be necessary to acquaint such persons with the methods and practices necessary to maintain such standards.
  • Maintain a library of books and periodicals relating to accountancy and to encourage the publication of such books.

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