A forensic audit conducted by Morrison and Associates has revealed procurement irregularities amounting to US$137,861,127.15 at the Ghana National Gas Company during the erstwhile administration of John Mahama.

This has led to a whopping amount of $54,800,000 has going down the drain and causing “financial loss to the state.”

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This incident happened when Dr Kwesi Botchwey was the Board Chairman of the Ghana National Gas Company.

The report further stated that the equipment for the helicopters worth $5,958,366.76 “were not delivered even though it was part of the contract price.”

It added: “Abnitio training cost not fully utilized for its intended purpose” amounts to US$300,000, making a total of US$61,058,366.756.

The report also revealed that procurement breaches worth US$34,451,650.22 and US$42,351,110.17 in contracts with Memphis Metropolitan Limited and Kingspok Company Limited respectively.

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Other members of the board cited in the report are Mr. Eric Yankah, Thomas Manu, Dr. Valerie Sawyerr and the former CEO George Sipa-Adjah Yankey.

The report has been submitted to President Akufo-Addo and his cabinet.

The report of the Cabinet sub-committee which is responsible for coordinating forensic audits and investigations has been submitted to the Economic and Organised Crime Office (EOCO) for further investigations.