Investigations of Institutional Instigations of International Public Sector Accounting Standards (IPSAS) Adoption in Ghana

Purpose: This paper is geared towards exploring the factors that influence the implementation of the International Public Sector Accounting Standards (IPSAS). Methods: The research is based on a comprehensive review of various sources, including journals, research papers, newspaper articles, magazines, official documents from accounting bodies, and conference material such as seminar and workshop materials. Results and Conclusion: The paper examines ten critical factors essential for the successful implementation of IPSAS in Ghana. These factors include Awareness and Understanding, Cost Implications, Sufficient Technical Skills, Higher Education and Professional Experience, Availability of Relevant Expertise, Support from Key Management, External Pressures, Adoption of Suitable Technology, Effective Transition Management, and Strategic Planning and Evaluation. Research Implications: The research pinpoints the factors that are vital for the country's IPSAS implementation, with the relationship between awareness, skills and strategy being the central theme. Originality/Value: This research paper points out top ten factors for successful IPSAS adoption in Ghana that stresses the need for comprehensive preparation and adequate resource allocation.