ACCA Africa event gathers expert views and opinions about Covid-19, road to recovery
West African attendees tune in to hear experts share their vision of the future
Over 1,000 attendees from 10 countries across West Africa recently tuned into an online ACCA
Africa event to hear about the important role that professional accountants are playing to
support economies with the challenges posed by COVID-19.
For the session, ACCA gathered together expert panellists including:
Taiwo Oyedele FCCA, PwC Tax Leader, West Africa
Laoye Jaiyeola, CEO of Nigeria Economic Summit Group
Kwabena Situ FCCA, Business Process Solutions at Deloitte Ghana
Abraham Kwabena Anang PhD, Director of Noguchi Memorial Institute for Medical
Research (NMIMR) – University of Ghana
The aim of the event was to highlight how the accountancy profession is supporting the
economies of Nigeria, Ghana and West Africa, and also ACCA key partners including public
practice firms, multinational corporates, government, regulators, auditor generals, national banks and national bodies.
At the session, Jamie Lyon, head of business management at ACCA gave an overview of his
recent COVID-19 global survey ‘The Road to Recovery’. The report details the many key
issues that need to be addressed by policymakers and governments to review economic rescue
packages and enable a return to sustainable growth.
The report offers a “roadmap to recovery”, where ACCA recommends that organisations follow
the “three As” – Act and respond sustainably to the immediate crisis in the short term; Analyse
the different information sources to start to build the path to recovery in the medium term and anticipate how strategies need to evolve over the longer term.
Tom Isibor, head of ACCA Nigeria, chaired the event and says: ‘The purpose of the profession
at this time cannot be under-estimated, as it is helping to build and sustain economies during
the turbulence the pandemic brings. This was a key outcome of the session we held, with
panellists and attendees agreeing that managing COVID-19 is the new normal for many of us.’
Speaking on the role of accountants in advocating for the digitization of business processes,
panellist Taiwo Oyedele says: ‘The role of professional accountants is to guide their
organisations. They must be agile in properly identifying their need to invest in the right
technology at the right time. Professional accountants must find a way to help their
organisations to preserve their competitive advantage.’