The Institute of Certified Public Accountants of Uganda (ICPAU) is set to hold its 7th CPA Economic Forum from July 17- 19, 2019, at the Imperial Resort Beach Hotel, Entebbe.
Organized under the theme “Transformation for Socio-Economic Empowerment,” the Forum is an annual convention in which the accountants discuss and derive policy recommendations for Uganda’s economic growth and development.
Its a very significant event where experts and accountants come together to discuss topics relating to critical sectors and propose policy recommendations, which are submitted to the Ministry of Finance, Planning and Economic development, for national policy formulation.
CPA Derick Nkajja, the Chief Executive Officer of ICPAU said, “As the custodians of Uganda’s resources, accountants have a fundamental obligation to advise the government on prudent resource allocation, financial management, monitoring and evaluation of planned projects, and strategies for growth of economic sectors.”
Uganda’s Vision 2040 aims at transforming the Country from a low income status to middle income status, through among other strategies, addressing the impediments to socio-economic development.
It outlines healthcare, education, gender parity, poverty eradication, care for vulnerable groups among the enablers of socio-economic transformation.
Although Uganda has registered significant progress in poverty eradication, poverty still remains a big threat to socio-economic transformation.
The Uganda National Household survey 2016/17 reveals that the proportion of people living below the national poverty line has increased from 20% in 2013, to 21% in 2017.
Uganda remains one of the poorest countries in the world, with 75.6% of the population living on less than $2 approximately (Ushs. 7,400) a day.
Agriculture is Uganda’s biggest foreign exchange earner, employing 70% of the population.
However, over reliance on subsistence farming remains one of the biggest impediments to the growth of the sector. At the Economic Forum, accountants will form recommendations for a robust agricultural sector.
At the Forum, accountants will discuss and recommend resolutions on transformation of the education system, harnessing infrastructure developments, quality management and health sector financing among others.
Over 500 participants are expected to attend. Pundits have been selected from the National Agricultural Research Organisation, Kampala Capital City Authority, Uganda Management Institute, the National Social Security Fund, Uganda National Bureau of Standards and Uganda Christian University, among others.
It’s also reported that many accountants, economists, policy makers, entrepreneurs, Chief Executives, investment experts, tax consultants, government officials and lawyers will attend the event.
The 7th CPA Economic Forum is sponsored by the Capital Markets Authority, the Civil Aviation Authority, the National Social Security Fund, National Water and Sewerage Corporation, PKF Uganda and Goldgate Certified Public Accountants.