An amount of 476 million Ghana cedis could not be accounted for by various ministries, departments and agencies, according to the latest Auditor General’s report covering the year 2013. The report addressed to the Speaker of Parliament and intercepted by Joy News points to misapplication of funds by the MMDAs.
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MMDA’s Blows GHc 476 Million
An amount of 476 million Ghana cedis could not be accounted for by various MMDA's according to the latest AG's report.
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The Auditor General is however warning, the independence and integrity of his office is under threat due to poor funding by Government.
The poor funding means his outfit is unable to perform its mandate as expected. Joy FM’s Parliamentary correspondent, quoted the Auditor General Richard Quartey as saying that out of the amount, 268 million cedis represents misapplication of funds for purposes other than those originally intended while the rest could not be accounted for.
The report cited the failure by accounting officers to properly produce expenditure and payment vouchers.
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It also cited heads of departments for supervising cash withdrawals without documentation as well as excess budgetary expenditure without parliamentary approval.
According to the report, poor management practices and lack of probity is responsible for contract irregularities totaling 127 million cedis with the Ghana Youth Employment and Entrepreneurial Agency (GYEEDA) being the worst culprit, misappropriating an amount of 117 million cedis.
The report is demanding adherence to provisions of the financial administration act to ensure value for money.
The report however paints a gloomy picture at the Auditor General’s Department. According to Richard Quartey, his staff was compelled to use their own salaries and personal resources to finance the auditing activities with the expectation that Government will reimburse them but have still not been paid.
He warned this could affect the independence and integrity of their work.
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Source: Myjoyonline
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