The functions of the Institute shall be to—

• Develop and regulate the credit practice and management in Ghana;
• Promote standards of professional competence and ethical practice amongst members of the Institute;
• Promote research into the subjects of credit practice and related matters, and the publication of books, periodicals, journals and articles in connection therewith;
• Prescribe standards in Credit Practice and related matters which shall be of mandatory national application in Ghana; and
• Promote global recognition of the Credit profession and the Institute.