The Institute of Chartered Economists of Ghana was established by the companies code Act, 179. It is registered as a professional body in accordance with the provisions of the Professional B odies Registration Decree, 1973 (NCRD 143). It acquired the pioneering statutory rights to regulate the practice of Economics in Ghana and still has these rights today.
Up till the most recent past, it was absolutely difficult for economists to identify themselves with any professional body because of the non-existence of an organized and independent professional body to regulate the conduct and activities of the profession. This problem of identification had forced a good numbers of our economists to become marketers, bankers, accountants, or administrators without genuine enthusiasm. The economics profession, which hitherto had an in-built honour and dignity, suddenly turned out to be at the mercy of other professional bodies for acceptance and recognition. This unbearable trend had stirred up a general clarion call by all professional economists for the need to establish a body that would regulate the activities and general conduct of the noble profession.
Therefore, The Institute of Chartered Economists of Ghana was established out of a burning desire to promote and encourage the study and development of the art and science of economics in public practice, industries, commerce, etc and to inculcate professionalism and specialization in the economics profession in Ghana. In view of this development, the institute has been mandated by the Act establishing it to regulate the activities of all the different aspects of Economics such as:
(I) Monetary economics
(ii) Industrial economics
(iii) Business economics
(iv) Education and welfare economics
(v) Economics of International relations
(vi) Agricultural economics
vii) Petroleum economics; etc.
OBJETIVES OF THE INSTITUTE
The objectives of the institute are:
a. To provide an organization, National and International in scope and activity for all economists, treasurers, financial officers in both public and private sectors of Ghana economy.
b. To unite all Ghanaians holding local and foreign qualifications who are being employed as economists in different areas of public, industrial and commercial sectors.
c. To ensure a professional status necessary to promote and encourage the study and development of the art and science of economics in public practices, industry, commerce and public sectors.
d. To develop from time to time standards in economics and economic matters which will meet both Ghana and International standards.
e. To hold examinations in economics and other subjects relevant to the profession and to issue certificates of merit on the results therefore and to make other awards as desirable.
f. To ensure the highest professional standard by admitting to membership, persons who qualified through examinations and who have practical experience.
g. To regulate the activities of the members and discipline any member for professional misconduct.
h. To hold conferences, workshops, seminars and symposia for discussion on economic matters and duties, presentation of papers, literature, and to issue copies of abridgment of position paper, books, lectures, records and other memoranda.
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