The West African Institute for Financial and Economic Management (WAIFEM) has partnered the World Bank to build the capacity of central bankers in the region on International Financial Reporting Standards (IFRS) in Accra.
The training which attracted about 50 participants also focused on debt monitoring, reporting and debt transparency.
Speaking on behalf of the director general of WIFEM at the official opening of training on Monday (16 October) in Accra, director, fiscal policy, debt management and regional integration department Yakubu Aliyu urged participants to maximise the opportunity to enhance their work.
“I must take this opportunity to express, once more, WAIFEM’s heartfelt gratitude to the government and people of Ghana, particularly the Governor, Dr Ernest Addison, management, and staff of the Bank of Ghana for the exceptional hospitality and logistic support extended to us since our arrival to organise the courses.
“Additionally, our most profound appreciation goes to our invaluable “merchants of knowledge”, the expert facilitators for the two courses, for dedicating their precious time amidst busy schedules to impart their accumulated knowledge, experiences, and wisdom.”
“In conclusion, I urge each participant to embrace this opportunity as more than just a learning experience. See it as a chance to forge meaningful connections. Your interactions can further regional integration in West Africa, at the basic level. May your time here be profoundly instructive, fruitful, and filled with productive discussions,” he said.
The comprehensive training on reporting, monitoring, and transparency covered a wide range of topics, from grasping and analysing complex public debt data to understanding the critical role of the Back Office in debt management through engaging case studies and hands-on exercises.
The course aims to enhance participants’ analytical and practical skills to assess financing choices effectively and negotiate suitable loan terms while embracing sound practices in public debt transparency.
Reporting by Fred Dzakpata in Accra
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