Pulse.com.gh logo
Go


Corruption In Ghana MDAs financial irregularities cost Ghana GHc892m in 2017

The total amount of weaknesses and irregularities identified in the course of the audit is GH¢892,396,375.19.

  • Published:
Auditor-General-Daniel-Domelovo play

Auditor-General-Daniel-Domelovo

The 2017 audit report has revealed that Ghana lost GH¢892 million in that year due to what is described as financial irregularities in the operations of various Ministries Departments and Agencies (MDAs).

The 2017 audit report was released by the Auditor General, Daniel Domelevo.

The total amount of weaknesses and irregularities identified in the course of the audit is GH¢892,396,375.19.

READ ALSO: Gov’t to increase taxes in mid-year budget

The financial irregularities were grouped into six main categories namely; Tax Irregularities, Cash Irregularities, Stores/Procurement Irregularities, Outstanding debts/loans, Payroll Irregularities and Rent payment Irregularities.

According to Mr. Domelevo, “The irregularities represent either losses that had been incurred by the State through the impropriety or lack of probity in the actions and decisions of public officers or on the other hand, the savings that could have been made, if public officials and institutions had duly observed the public financial management framework put in place to guide their conduct and also safeguard national assets and resources.”

Tax irregularities amounting to GH¢655.6million represents 73% of the losses recorded in 2017.

READ ALSO: Justify your employment or be prosecuted - AG to Civil Servants

Below is a breakdown of the losses in the MDAs according to the report.

1. Payroll irregularities                    GHC1.7million

2. Outstanding debts and loans     GHC2.7million

3. Procurement irregularities          GHC41.7million

4. Cash irregularities                      GHC190.6million

5. Tax irregularities                        GHC665.6million

6. Rent payment irregularities        GHC94000

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Taxes In Ghana Don't rejoice; VAT has been hiked through ‘backdoor’ –...bullet
2 Kwabena Duffuor Official: Duffuor’s assets not being auctionedbullet
3 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
4 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
5 2018 Budget Review Prepare to pay 35% tax if you earn 10k and abovebullet
6 Nigeria To The World Ex-Nigerian Minister appointed to...bullet
7 Uche Ofodile Captain Planet’s wife heads MTN Liberiabullet
8 Education Top 5 private high schools in Ghana according to...bullet
9 Salaries In 2018 Here are the dates public workers will...bullet
10 Ban On Fishing Gov’t isn’t wicked – Prof Boatengbullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Money Alert Meet Africa's richest womanbullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 Support Finance minister buys Kantanka carbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 New Phones Nokia MWC 2018 Event in 5 minutesbullet
10 Video We are determined to move Ghana beyond aid - Bawumiabullet

Business