By: Varney Dukuly
MONROVIA: President George Manneh Weah has tagged ‘Good Governance and Sustainable Development’ as the bedrocks for regional prosperity in the Economic Community of West African States (ECOWAS) sub-region.
President Weah urged ECOWAS member states to guide against vices that may undermine the tenets of good governance.
The Liberian leader who served as a Keynote Speaker on Thursday at the ECOWAS-Association of Accountancy Bodies in West Africa (ABAWA) Joint Congress at Farmington Hotel, near the Roberts International Airport (RIA) in Margibi County described the event which is the first of its kind in Liberia as historic.
“Various institutions of the United Nations continue to assert that in order to achieve and maintain sustainable development, we must satisfy our pressing needs without compromising the ability of future generation, “the President said.
Activists believe that many Nations particularly in Sub-Sahara Africa continue to experience bloody and internecine armed conflicts hugely tied to bad governance, dictatorship and tyranny.
Others including pundits have argued that the militarization of democratically elected governments in some parts of Africa is due to the alleged failure, actions and inactions of ECOWAS leadership to reprimand African leaders who are thwarting their constitutional term limits to perpetuate themselves in state power.
But, the Liberian leader stressed: “It is important for our member states to ensure that sustainable development in our sub-region and the African continent itself must be based on the choices we make and the processes by which these choices are made.”
The ECOWAS and ABWA joint congress is a three day event which began on March 16 and is expected to end on today, Friday, March 18, 2022.
The Congress is being held under the Theme: “Good Governance and Sustainable Development for Regional Prosperity.”
The Congress brought together several top professional accountants from different countries across Africa and the ECOWAS sub-region.
President Weah among other things mentioned that the Conference sets the basis for knowledge sharing in finding solutions to problems affecting ECOWAS member states.
The theme of the conference, according to President Weah, squares up with the United Nations 2030 sustainable development goals and the African Union 2063 aspirations for Africa.
The Liberian leader then used the occasion to shower praises on the leadership of the Liberian Institute for Certified Public Accountants, for sourcing the conference to Liberia for the first time.
He said the Accounting profession is a vital engine for economic growth both in the private and public sectors of the country.
At the same time, LICPA President, Victor Tanwone, lauded the Liberian leader for accepting the Institute’s invitation to serve as a Guest Speaker.
He added that the President’s action is a testament of the many contributions his administration has made and continue to provide the Liberian Institute of Certified Public Accountants, (LICPA).
Mr. Tanwon who was hailed by President Weah and other high level personalities at the event for his efforts and leadership expressed optimism that the ABWA conference will yield its objectives.
“We are grateful that after careful assessment of our capacity, you have chosen Liberia for this all important gathering,” The LICPA President mentioned.
The well-attended congress was graced by scores of world-class Accountants including Alan Johnson, President of the International Federation of Accountancy Bodies, ABWA President, Mrs. Comfort Olu Eyitayo among many others.
The Association of Accountancy Bodies in West Africa (ABWA) is a regional organization of the International Federation of Accountants (IFAC). As of 2011 there were ten West African accounting institutes represented in ABWA.
The association was established on 10 August 1982 in Lagos, Nigeria, and was registered as a corporation in 1994. ABWA was initially collocated with the Institute of Chartered Accountants of Nigeria (lCAN) in Lagos. In May 2002 the association’s headquarters moved to the ICAN building in Abuja. The purpose of the Association is to develop accountancy in the region. Recognized non-governmental accountancy bodies in West African countries are encouraged to join the association.
ABWA initiated the Accounting Technicians Scheme, West Africa, which provides a recognized professional qualification for supporting staff of Chartered Accountants. Examinations for this qualification are held on the same day each year in centers throughout the region. In May 2011 The Gambia Association of Accountancy ran a three-day “Train the trainer” seminar on International Financial Reporting Standards (IFRS) for Small and Medium Enterprises (SMEs) for trainers from The Gambia, Ghana, Sierra Leone, Liberia and Cameroon. The seminar was supported by the World Bank under the umbrella of ABWA.
In May 2011 Major General Sebastian Achulike Owuama (retired), the 46th President of ICAN and the 16th President of ABWA, was elected President of the newly created Pan-African Federation of Accountants (PAFA), or Fédération Panafricaine des Experts-Comptables (FEPEC). He was elected during the inaugural meeting of PAFA in Dakar, Senegal.