Broke Ghana blows $66m on SSNIT IT system

The Economic and Organised Crime Organisation (EOCO) is currently investigating 5 SSNIT staff for their involvement in the acquisition of a BOS software for the Social Security and National Insurance Trust (SSNIT) at $66 million.

The Board Chairman of SSNIT Dr Kwame Addo Kufuor, who mentioned this earlier did not give further details.

“From my conversations, five people are being investigated and about 15 have been called as witnesses, but five are being investigated,” he said.

However, the Director General, Finance, Administration and MIS at SSNIT, Michael Addo said the investigation will give further details on the software purchase.

“SSNIT acquired a new operating system called BOS; it is designed to improve SSNIT’s operating processes, to make if fast so that we can all network before then we had a hot spot of different systems that we were using. We did spend quite a little bit of money on that to acquire the software and the hardware.”

The Board of SSNIT has therefore contracted an audit firm, Price Waterhouse Coopers (PwC) to audit the transaction.

“As we are speaking, there are a few areas that we are tightening up. It’s not one hundred percent; there are a few areas that we are working on improving, with respect to the cost of it on whether it is working or not, it is best to wait for the outcome of the PWC report,” he added.

Dr Addo Kuffour said EOCO will conduct further investigation after which those found culpable will be dealt with according to the law.

Broke Ghana blows $66m on SSNIT IT system

The Economic and Organised Crime Organisation (EOCO) is currently investigating 5 SSNIT staff for their involvement in the acquisition of a BOS software for the Social Security and National Insurance Trust (SSNIT) at $66 million.

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