The Partner Assurance of Deloitte Ghana, Dr. Kwabena Situ and nine others have been appointed as members of the National Sustainability Reporting Implementation Committee.

The members from the various sectors of the economy include the Bank of Ghana, the National Insurance Commission, the Ghana Stock Exchange, the National Pensions Regulatory Authority, the State Interest and Governance Authority, the Chamber of Mines, Ghana National Chamber of Commerce and Industries and the professional services firms.

The committee is to ensure that businesses in Ghana effectively adopt and implement Sustainability Standards, promote the benefits and importance of adopting IFRS S1 and S2 standards among stakeholders and the public and monitor the progress of implementation within their respective sectors and provide feedback to the Institute of Chartered Accountant Ghana (ICAG) Sustainability Adoption Standing Committee.

Giving his remarks after being sworn into office, Chairman of the Committee, Andrew Akoto, Partner at KPMG, said the committee will develop and execute a comprehensive implementation strategy as well as coordinate efforts among various stakeholders involved in the implementation process.

He assured that the Committee will monitor and evaluate the progress of implementation and “last but not the least, serve as ambassadors for the implementation of the sustainability reporting standards”.

“I’m very happy for this platform to engage with not only accountants because yes the implementation reporting committee is being incubated by the ICAG, but we expect to go beyond the ICAG to involve other broader stakeholder consultations as well as participants for us to be successful with this mandate”, he explained.

“Even as we dialogue at this opportune time, we are minded that currently one of the challenges engaging the national media conversation is about threats of demonstrations for strikes, for civil unrest because of the existential threats of ‘Galamsey’ within our economy; and as we note, there should be economic growth but balanced with environmental stewardship and for that matter, we must be bold to engage with very key persons, especially the politicians because if we are to say it as it is we are where we are because there has not been a very frontal and direct manifesto to deal with this ‘Galamsey’ menace.

The primary objectives of the National Sustainability Reporting Implementation Committee are serving as ambassadors for the implementation of the sustainability reporting standards, ensuring that respective institutions, members or clients adopt and comply with the sustainability reporting standards and providing guidelines and support to the Institute of Chartered Accountant Ghana (ICAG) in the development and implementation of the roadmap for the standards.