Financial irregularities

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 Irregularities: Auditor-General Recovers ¢2.2bn Between 2017 And 2020

wontumionlineBusinessAuditor-General, Auditor-General’s Reports, Financial irregularities, Johnson Akuamoah Asiedu

The Audit Service headed by the Auditor-General, Johnson Akuamoah Asiedu, has recovered a total amount of ¢2.210 billion as financial irregularities from public institutions, about 46.13% of the expected recoverable amount. This is out of ¢4.76 billion recommended for recovery for the period under review. According to the Auditor-General’s Reports from 2017 to 2020 and Payroll Savings as of September 2022, the Audit Service also saved the State a total of GH¢145.08 million from payroll certifications between 2018 and September 2022. The report said ¢1.282 billion has been recovered and deposited into an Auditor General’s Recoveries Account at the Bank…