The Dean of Students at the Central University, Professor John B. K. Aheto has underscored the need for organisations to pursue sustainable business models and development practices that will require radical changes in the way they do business.
He said achieving a sustainable future was only possible if organisations recognised the role that they can and need to play in the business world.
Professor Aheto was addressing the inauguration of the Ho District Institute (HODIS) of the Chartered Institute of Accountants (Ghana) at the Ho Polytechnic at the weekend.
He said effective action by the accountancy profession and professional accountants to better integrate and account for sustainability was an essential part of the response needed to achieve corporate values on they way organisations thought about products, technologies, processes and business models.
“Governing bodies and business leaders should be focused on the long-term sustainability of their organisations and they should be confident that their business models will deliver this,” he stressed.
He said professional accountants in all types of organisations had significant role in framing business models, challenging conventional assumptions of doing business and redefining success.
Professor Aheto said ability of professional accountants in business to help drive sustainable value creation would depend on gaining a range of professional skills, a particular mindset and attitude as well as undertaking sustainable activities.
In a welcoming address, the chairman of HODIS, Mr Richard K. Kuagbenu envisaged that immediate communities and the nation as a whole would benefit from the stewardship of members because outreach programmes would be organised to promote social interaction amongst members of the institute.
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