diff --git a/.github/workflows/mcad-release.yml b/.github/workflows/mcad-release.yml
new file mode 100644
index 000000000..b5480cb95
--- /dev/null
+++ b/.github/workflows/mcad-release.yml
@@ -0,0 +1,43 @@
+# This workflow will create a GitHub release tag
+
+name: mcad Release
+on:
+  workflow_dispatch:
+    inputs:
+      tag:
+        description: 'Release tag'
+        required: true
+        default: 'v0.0.0-dev'
+        type: string
+
+jobs:
+  release:
+    runs-on: ubuntu-latest
+
+    permissions:
+      contents: write
+
+    steps:
+    - name: checkout code
+      uses: actions/checkout@v3
+
+    - name: check tag format
+      run: |
+        if [[ "${{ github.event.inputs.tag }}" =~ ^v[[:digit:]]+\.[[:digit:]]+\.[[:digit:]]+$ ]]; then
+          echo "Tag format is valid."
+        else
+          echo "Invalid tag format: ${{ github.event.inputs.tag }}"
+          exit 1
+        fi
+
+    - name: Create github release tag
+      run: |
+        if git rev-parse -q --verify "refs/tags/${{ github.event.inputs.tag  }}"; then
+           echo "Tag ${{ github.event.inputs.tag  }} already exist. Exiting workflow."
+           exit 1
+        else
+           gh release create ${{ github.event.inputs.tag }} --title "MCAD ${{ github.event.inputs.tag  }} Release" --generate-notes --target ${{ github.ref }}
+        fi
+      env:
+        GITHUB_TOKEN: ${{ github.token }}
+
diff --git a/CONTROLLER_VERSION b/CONTROLLER_VERSION
deleted file mode 100644
index 34aae156b..000000000
--- a/CONTROLLER_VERSION
+++ /dev/null
@@ -1 +0,0 @@
-1.31.0
diff --git a/Dockerfile b/Dockerfile
index 47acff9e3..acbe1a9ca 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -9,7 +9,6 @@ COPY go.sum go.sum
 COPY cmd cmd
 COPY pkg pkg
 COPY hack hack
-COPY CONTROLLER_VERSION CONTROLLER_VERSION
 
 RUN cd /workdir && curl -LO https://storage.googleapis.com/kubernetes-release/release/$(curl -s https://storage.googleapis.com/kubernetes-release/release/stable.txt)/bin/linux/$(go env GOARCH)/kubectl && chmod +x kubectl
 ENV GO_BUILD_ARGS=$GO_BUILD_ARGS
diff --git a/Makefile b/Makefile
index 68cd689cb..76e23110a 100644
--- a/Makefile
+++ b/Makefile
@@ -1,7 +1,6 @@
 BIN_DIR=_output/bin
 CAT_CMD=$(if $(filter $(OS),Windows_NT),type,cat)
-VERSION_FILE=./CONTROLLER_VERSION
-RELEASE_VER=v$(shell $(CAT_CMD) $(VERSION_FILE))
+RELEASE_VER:=
 CURRENT_DIR=$(shell pwd)
 GIT_BRANCH:=$(shell git symbolic-ref --short HEAD 2>&1 | grep -v fatal)
 #define the GO_BUILD_ARGS if you need to pass additional arguments to the go build
@@ -18,19 +17,18 @@ ifneq ($(strip $(git_repository_id)),)
 	TAG:=${TAG}${git_repository_id}-
 endif
 
-# Check for current branch name
+# Check for current branch name and update 'RELEASE_VER' and 'TAG'
 ifneq ($(strip $(GIT_BRANCH)),)
-	TAG:=${TAG}${GIT_BRANCH}
-
-# 	replace invalid characters that might exist in the branch name
-	TAG:=$(shell echo ${TAG} | sed 's/[^a-zA-Z0-9]/-/g')
-endif
-
-# Check if the string does not contain "release"
-ifeq (,$(findstring release,$(GIT_BRANCH)))
-	TAG:=${TAG}-${RELEASE_VER}
-else
-	TAG:=$(shell echo ${TAG} | sed 's/\(release-v[0-9]\)-\([0-9]*\)-\([0-9]*\)/\1.\2.\3/g')
+	ifeq ($(shell echo $(GIT_BRANCH) | grep -E '^v[0-9]+\.[0-9]+\.[0-9]+$$'),$(GIT_BRANCH))
+		RELEASE_VER:=${GIT_BRANCH}
+		TAG:=release-${TAG}
+	else
+		RELEASE_VER:= $(shell git describe --tags --abbrev=0)
+		TAG:=${TAG}${GIT_BRANCH}
+		# replace invalid characters that might exist in the branch name
+		TAG:=$(shell echo ${TAG} | sed 's/[^a-zA-Z0-9]/-/g')
+		TAG:=${TAG}-${RELEASE_VER}
+	endif
 endif
 
 .PHONY: print-global-variables
@@ -117,6 +115,12 @@ ifeq ($(strip $(git_repository_id)),main)
 	docker tag mcad-controller:${TAG}  ${quay_repository}/mcad-controller:latest
 	docker push ${quay_repository}/mcad-controller:latest
 endif
+ifeq ($(filter release-v%,$(TAG)),)
+	$(info Update the `stable` tag to point `latest` release image)
+	STABLE_TAG:= stable
+	docker tag mcad-controller:latest ${quay_repository}/mcad-controller:$(STABLE_TAG)
+	docker push ${quay_repository}/mcad-controller:$(STABLE_TAG)
+endif
 endif
 
 run-test:
diff --git a/README.md b/README.md
index 52b60600a..33ef3d2d5 100644
--- a/README.md
+++ b/README.md
@@ -17,13 +17,14 @@ Refer to [deployment instructions here](./doc/deploy/deployment.md) on how to de
 
 ## Release Process
 
-1. Update version in [CONTROLLER_VERSION file](https://github.com/project-codeflare/multi-cluster-app-dispatcher/blob/main/CONTROLLER_VERSION) to the new release version.
+1. Run the [mcad-release.yml](https://github.com/project-codeflare/actions/workflows/mcad-release.yml) action under `Actions` by entering the new release version in the `Release tag` input field and click `Run workflow`.
+   ![mcad-release](doc/images/mcad-release.png)
 
-2. Once CONTROLLER_VERSION file change merged , create the release branch against the main as `release-<version>`.
+2. Verify that [mcad-release.yml](https://github.com/project-codeflare/actions/workflows/mcad-release.yml) action passed successfully. This workflow will create GitHub release tag.
 
-3. The release branch then trigger the [image build/push pipeline](https://app.travis-ci.com/github/project-codeflare/multi-cluster-app-dispatcher/branches) and push the image to [mcad-controller quay repository](https://quay.io/repository/project-codeflare/mcad-controller?tab=tags) with specified release version tag.
+3. The release tag then trigger the [image build/push pipeline](https://app.travis-ci.com/github/project-codeflare/multi-cluster-app-dispatcher/branches) and push the image to [mcad-controller quay repository](https://quay.io/repository/project-codeflare/mcad-controller?tab=tags) with specified release version tag.
 
-4. Create a new release on [Releases page](https://github.com/project-codeflare/multi-cluster-app-dispatcher/releases) by creating a tag with same value as in CONTROLLER_VERSION file formatted (with v prefix) , provide proper release title and description.
+4. Verify a new release is created on the [Releases page](https://github.com/project-codeflare/multi-cluster-app-dispatcher/releases) .
 
 5. The latest release changes should also reflect in the [mcad go package module](https://pkg.go.dev/github.com/project-codeflare/multi-cluster-app-dispatcher).
 
diff --git a/deployment/Makefile b/deployment/Makefile
index abcdcde2b..53f25c4f3 100644
--- a/deployment/Makefile
+++ b/deployment/Makefile
@@ -7,8 +7,7 @@ CAT_CMD=$(if $(filter $(OS),Windows_NT),type,cat)
 OPERATOR_VERSION_FILE=./OPERATOR_VERSION
 OPERATOR_VER=v$(shell $(CAT_CMD) $(OPERATOR_VERSION_FILE))
 OPERATOR_VER_NUM=$(shell $(CAT_CMD) $(OPERATOR_VERSION_FILE))
-CONTROLLER_VERSION_FILE=../CONTROLLER_VERSION
-CONTROLLER_VER=v$(shell $(CAT_CMD) $(CONTROLLER_VERSION_FILE))
+CONTROLLER_VER=$(shell git describe --tags --abbrev=0)
 
 check_delete_operator:
 	@echo "****************************************************************************************************"
diff --git a/doc/images/mcad-release.png b/doc/images/mcad-release.png
new file mode 100644
index 000000000..0bc5fdfc7
Binary files /dev/null and b/doc/images/mcad-release.png differ