ECONOMIC GOVERNANCE AND MANAGEMENT Table 3.1: Ratified standards and codes in economic governance and management Standards and codes Date of signature March 2003 NEPAD Framework Document (2001) Constitutive Act of the African Union (2000) Code of Good Practices on Fiscal Transparency* Status – date of ratification or adoption 12/07/2000 11/05/2001 Guidelines for Public Debt Management* International Standards in Auditing* Parliament, Ministry of Regional Cooperation and NEPAD Ministry of Foreign Affairs Ministry of Finance and Economic Planning Bank of Ghana, Ministry of Finance and Economic Planning Audit Service Controller and Accountant– General’s Department Bank of Ghana, Ministry of Finance and Economic Planning International Accounting Standards* Code of Good Practices on Transparency in Monetary and Financial Affairs* Core Principles for Systemically Important Payment Systems* [Principles for Payment Systems (Act passed)] Core Principles for Security and Insurance Supervision and Regulations* Core Principles for Effective Banking Supervision Implementing institutions 31/12/2003 Bank of Ghana 11/12/2003 Sept. 1997 National Insurance Commission Bank of Ghana 53