Auditor-General report

31 Jul

¢1.412Bn Recorded As Financial Irregularities In MDAs In 2022 – Auditor-General Report

wontumionlineBusinessAuditor-General report, Cash Irregularities, Financial irregularities, tax irregularities

About ¢1.412 billion were recorded as financial irregularities in 2022, the 2022 Auditor-General on the Public Accounts of Ghana has revealed. This is ¢332 million more than the ¢1.080 billion recorded in 2021. The financial irregularities include Tax Irregularities (¢1.247 billion); Cash Irregularities (¢57.471 million); Indebtedness/Loans/Advances (¢89,744 million); Payroll Irregularities (¢14.254 million); Stores/ProcurementIrregularities (¢321,950); Rent Irregularities (¢2.142 million) and Contract Irregularities (¢556,333). Tax Irregularities Tax irregularities of ¢1.247 billion formed 88.3% of the total financial infractions reported. Included in this tax irregularity was ¢327.63 million due from 18 Oil Marketing Companies (OMCs) that defaulted in paying their rescheduled debt between…

24 Jan

Financial Malfeasance: We Need Internal Auditors At The District Assemblies- Adutwumwaa Boadi

wontumionlineFeatured, News, TrendingAuditor-General report, internal auditors, Madam Adutwumwaa Boadi

A communications team member of the ruling New Patriotic Party (NPP), Madam Adutwumwaa Boadi, has noted that more internal auditors are needed at the district assemblies to prevent financial malfeasances. Her comment comes on the back of the Auditor general's report 2021. "It's as though we don’t have enough internal auditors, or the enough do not have enough resources to work. We need more internal auditors at the district assemblies, and they must be equipped with training to bring out their best. One thing we ought to know is that with the accounting profession, it's subjected to changes although we…