The President of the Institute of Chartered Accountants, Ghana (ICAG), Mr. Augustine Addo, has called on accountants to adopt Artificial Intelligence (AI) while upholding their ethical values.
Speaking during a Jumu’ah prayer and symposium at the National Mosque in Kanda, Mr Addo said AI was transforming accounting. “AI empowers us to analyse data more accurately, detect fraud efficiently, and offer insights that can transform businesses and public institutions,” he said.
But he warned that progress must not come at the cost of integrity. “Technology is a tool,” he said, “but our values—honesty, justice, and stewardship—must guide its use for the greater good.”
The event was part of the 2025 Accountants’ Week celebration. This year’s theme is “Leveraging the Transformational Power of AI: The Role of the Professional Accountant.”
Mr Addo praised the unity and reflection shared at the gathering of Muslim professionals and dignitaries.
President of the Ghana Association of Muslim Accountants (GAMA), Mr. Yusif Geoffrey, also addressed the forum. He stated that ethical financial stewardship was crucial to national development.
“As Muslim accountants, we are not just custodians of finances but also of public trust,” he said. He stressed that Islamic teachings demand accountability in all actions. “This sense of responsibility must shape how we manage resources,” he added.
Mr Geoffrey highlighted the role of Muslim accountants in promoting transparency and ensuring the proper use of resources across various sectors.
He urged mosque leaders to adopt sound financial practices. These included using qualified accountants, setting up internal controls, and regularly sharing financial reports.
“Our mosques manage significant funds from zakat, sadaqah, and donations,” he said. “We must uphold the highest standards of transparency and professionalism.”
On Hajj operations, he welcomed recent reforms, including the reduced Hajj fare of GH¢62,000 and the increased quota of 5,000 pilgrims. However, he called for more precise fare breakdowns, earlier announcements, and the involvement of financial experts.
“GAMA is ready to support the Hajj Board to deliver a more accountable experience for Ghanaian pilgrims,” he said.
Quoting from the Quran, he reminded the gathering, “Give full measure when you measure, and weigh with a balance that is straight” (Quran 17:35). He said ethical governance was both a professional and moral duty.
As part of the celebration, cash donations were made to the National Chief Imam and towards the Ghana National Mosque project.
