In an effort to preserve the legitimacy of the finance profession, staff members of the Directorate of Finance at the University of Cape Coast (UCC) were reminded of the paramount importance of adhering to professional ethics. Professor John Gatsi, the Dean of the School of Business at UCC, delivered this crucial advice during a seminar organized by the Directorate of Finance Welfare Association (DoFWA) as part of its 30th-anniversary celebration.
Emphasizing the significance of professional ethics, Prof. Gatsi urged finance officers to uphold principles such as honesty, integrity, transparency, confidentiality, and trustworthiness in the execution of their duties. He highlighted the critical role that ethics play in forming the backbone of any professional institution and stressed the need for adherence to the code of conduct of the finance profession.
During the seminar, Prof. Gatsi directed finance officers’ attention to the boundary documents of the University, including the Procurement Act and Processes, the Public Financial Management Act, and the Financial and Stores Regulations. He underscored the importance of following the provisions outlined in these documents to maintain ethical standards in financial management.
Addressing potential professional misconduct, Prof. Gatsi listed examples such as disclosing confidential information without consent, gross negligence of professional duty, refusing to provide timely records and reports, and offering incorrect advice. To further enhance their skills, he encouraged finance officers to focus on continuous professional development.
Given the sensitive nature of their work, Prof. Gatsi suggested the formulation of a gift policy by the Directorate to guide staff, as gifts received could potentially compromise professionalism.
In addition to Prof. Gatsi’s insights, Dr. James Kojo Prah, the Director of University Health Services, spoke on the topic “Liver-Kidney Cross Talk.” Dr. Prah advocated for a reduction in alcohol consumption to prevent kidney and liver problems, addressing the rising prevalence of diseases like Hepatitis B Viral, liver cancer, cirrhosis, and fatty liver disease in the country.
The Director of Finance, Mrs. Elizabeth Obese, concluded the seminar by advising staff to prioritize their health and maintain a sense of professionalism in their duties. The event aimed to equip finance staff with the knowledge and awareness needed to navigate their roles ethically and contribute to the overall integrity of the finance profession at UCC.
