CHAPTER 4 internationally accepted corporate governance principles, the CRM has confirmed that the level of application and enforcement of these was low. Generally, there was limited awareness of corporate governance and corporate social responsibility. Despite the indication in the CSAR that the Institute of Chartered Accountants in Ghana has recommended that from January 2005 Ghana should adopt fully the current international accounting standards, during the CRM it could not be established conclusively that international accounting standards are in mandatory use. The enforcement and monitoring capacity of the Institute is generally weak and there are few accountants, especially in the regions. On the positive side, the CRM confirmed that the ACCA and CIMA qualifications that accountants in Ghana are required to obtain do promote adherence to international accounting and audit standards. 16. With regard to labour codes and standards, the CRM found that the level Ghana has also taken no action on the optional protocol to the Convention on the Rights of the Child on the Sale of Children, Child Prostitution and Child Pornography, and the Optional Protocol on the Involvement of Children in Armed Conflict. of implementation and enforcement of these standards is generally weak and the process for realising these rights protracted. Child labour remains widespread. iii. Recommendations 17. The Panel recommends that Ghana: ? Develop holistic corporate governance guidelines and frameworks specifically for Ghana, and ensure relevance and continuous updating according to global trends. ? Develop and run certified targeted programmes for entities and personalities charged with implementation of corporate governance, for example directors, to ensure the application of adopted codes and standards. ? Review the National Accounting Standards to make them compliant with international accounting standards. ? Support the Institute of Chartered Accountants and relevant enforcement institutions such as the Auditor-General's Office, to improve monitoring capacity. ? Train more accountants and make them available for the regions. ? Create a labour tribunal and excise labour matters from the docket of the Commission for Human Rights and Administrative Justice (CHRAJ), whose 88