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AccTech ready for Cedi
Re-denomination
Accra, March 7, GNA - AccTech Ghana, a subsidiary of AccTec
Alliance, an ACCPAC accounting provider noted for managing
effectively the currency conversions in Africa said it was
ready for the July re-denomination of the cedi.
Speaking to the GNA in Accra on Wednesday, Mr Alan Harris,
Managing Director of AccTech Ghana,said AccTech Alliance has
successfully managed currency conversion in Mozambique and
Zimbabwe and assured its clients of smooth conversion come
July 2007.
He said: "Dropping out four zeros could potentially provide
a myriad of problems for companies utilising Accounting and
Enterprise Results Planning (ERP) systems that are not
geared for the Cedi denomination.
"AccTech has proved itself on the African continent with its
Currency Conversion Module and the experience gained in
Mozambique and Zimbabwe will stand AccTech Ghana in good
stead for the looming July deadline," Mr Harris said.
Mr Marc Gower, General Manager of AccTech Alliance said,
"various factors influence the difficulty in converting a
company's data during such a denomination.
"A company's choice of database and if or not a company is
reporting in multiple currencies are just two of the many
aspects one has to take into account," he said.
Mr Gower said the Company has created a Cedi Denomination
Readiness Checklist (CDRC) that companies could complete.
He said the information provided on the CDRC would allow
AccTech Ghana to establish the actions required for a smooth
conversion.
GNA
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