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The Council is the governing authority of the Institute which is made up of eleven (11) Professional Accountants all of whom are members of the Institute. Four of the Council members are usually appointed by Government in the election year, while the remaining seven (7) members are elected into office through a voting procedure in which all members participate at an Annual General Meeting.

The Council, headed by a President, holds office for a two-year period. A new Council was elected in June 2018 at an Annual General Meeting. Their tenure of office is from 2018-2020.

The Council members includes:

Prof. Adom Frimpong DrWilliams Atuilik
Prof. Kwame Adom Frimpong 
President
Dr. Williams A. Atuilik 
Vice President
Augustine Addo Sena Dake Abdulai Alhassan Mr. Ntiamoah
Mr. Augustine Addo 
Member
Ms. Sena Dake
Member
Mr. Abdulai Alhassan 
Member
Mr. Kwabena Ntiamoah
Member
Agnes Otoo Yeboah Mr.Gyimah Asante    
Mrs. Agnes Otoo-Yeboah
Member
Mr. Kwasi Gyimah-Asante 
Member
Mr. Eugene Ofosuhene
Member
Mr. Michael Asiedu-Antwi 
Member
       
Prof. Edward Marfo-Yiadom
Member