2020-2024 Strategic Plan: A fie-year strategic plan was developed during the year under review. The plan is expected to be implemented from 2020 to 2024. The objective of the strategic plan is to strengthen the regulatory capacity of the Institute and enhance its image as the regulator of the Accountancy profession in Ghana. The strategy is geared toward meeting the expectations of its key stakeholders and deliver value-added services in line with the changing business climate. The main themes of the strategic plan are outlined below: 1. Enhancing Regulatory and Legal Environment 2. Building a vibrant Corporate Brand 3. Enhancing the quality of Accountancy Practice 4. Building an effiient ICT and operational capacity 5. Enhancing the capacity of Members 6. Benchmarking Professional Qualifiations

The ICAG Draft Bill: The need to review the Act to reflct changing trends cannot be over-emphasized since it will add breadth to its usefulness in assessing and monitoring professional accountants in their various filds of endeavour to ensure compliance with statutory requirements. These developments necessitated the revision of the existing Act and the recast of the draft bill to augment its relevance and further strengthen the Institute’s regulatory function, among others. I have the pleasure of informing you that the draft bill has since been laid before parliament and has gone through the 1st reading. We are working with our colleague members in parliament to ensure the bill is passed in good time. Once the new law is enacted, the tentacles of the Institute will extend beyond its current reach to regulate, control, set standards and manage the practice of accountancy in Ghana. Regulations and bye-laws will be promulgated to enforce standard practices expected of professional accountants in line with ethical and professional standards. This will also include the enforcement of mandatory membership of ICAG by CAs and other affiiate international bodies in both public and private practice.