ICAG L3 Strategic Case Study case studies
ICAG L3 Strategic Case Study · Put your knowledge to work in context.
The ICAG Level 3 Strategic Case Study is the capstone written examination of the Institute of Chartered Accountants Ghana professional qualification. It sits at the strategic level, after the knowledge and application stages, and asks you to behave like a senior adviser rather than a technician: read a multi-page scenario about a real-feeling organisation, identify the issues that matter, apply strategy, finance, governance and ethics frameworks, and communicate conclusions in a board-ready memorandum or report. The ICAG L3 Strategic Case Study case studies are 5 cases and about 4,101 words.
1KofiDua Cocoa: EUDR Compliance Versus Market Exit
KofiDua Cocoa Processing Ltd operates a 25,000-tonne cocoa processing plant in Tema, Ghana, and exports 72% of output to EU chocolate manufacturers. The EU Deforestation Regulation requires geolocation and due-diligence statements for every plot from 30 December 2025.
729 words, about 4 min2Adom Health: Franchising a Pharmacy Chain
Adom Health Ltd runs 38 company-owned pharmacies in Ghana with revenue of GHS 210 million and return on invested capital of 18%, against an estimated WACC of 21%. The managing director proposes 100 franchise outlets over three years to reach underserved regional capitals.
716 words, about 4 min3Volta Agro: Growth Without Returns
Volta Agro Industries Ltd, listed on the Ghana Stock Exchange, processes maize and soya into animal feed. Revenue grew 14% to GHS 480 million in 2024, but EBITDA margin fell from 13% to 9%, and return on invested capital of 11% is below its 16% WACC.
826 words, about 4 min4SunPower Ghana: Solar IPP Appraisal and Financing
SunPower Ghana Ltd is developing a 20 MW solar PV plant in the Upper West Region under a 20-year take-or-pay PPA with the Electricity Company of Ghana at USD 0.11/kWh. Capital cost is USD 18 million, depreciated straight-line over 20 years; annual operating costs are USD 450,000, escalating 3%; expected output is 34 GWh per year with 0.5% annual degradation.
883 words, about 4 min5Nana Bea & Associates: Independence on a Family Audit
Nana Bea & Associates, a six-partner audit firm in Accra, audits Sunyani Fabrics Ltd, a family-owned textile manufacturer. The engagement partner, Nana Bea, has signed the audit report for eight consecutive years and is a close friend of the CEO, who is also a lay preacher at Nana Bea's church.
947 words, about 5 min