Heavy Chop Chop 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.

  • Published:
play Seth Terkper, Finance Minister
24/7 Live - Subscribe to the Pulse Newsletter!

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.

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.

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.

Source: Myjoyonline

Download our mobile app today.

Android - Google Play Store

iPhone - Apple App Store

Recommended Articles

Recommended Videos




Top Articles

1 Watch Water leaks from hole in wall at new Kwame Nkrumah Interchangebullet
2 Kwabena Boadu One week of demise commemorated [Photos]bullet
3 His Excellency Top 10 John Mahama quotes that will shock youbullet
4 Election 2016 Weapons allegedly seized from an NDC sympathiserbullet
5 Judgement debt Supreme Court puts on hold Amidu's oral...bullet
6 Pulse Live Daily EC extends special voting exercise by a daybullet
7 Death hits Manhyia Otumfuo's mother reported dead at 109bullet
8 Presidential Debate Gov't has no jobs for you - Mahama to...bullet
9 Tsatsu Tsikata God delivered justice – Wife of Tsatsubullet
10 Obinim "Police prevented me from facing Obinim" -...bullet

Top Videos

1 Kwame Nkrumah Interchange Water leaks from hole in wall at new Kwame...bullet
2 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
3 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
4 Video IEA Presidential Townhall 2016bullet
5 Video Taxi driver terrified after an encounter with a ghostbullet
6 Obinim Pastor charged with assault; sent to CID Headquartersbullet
7 Night Life Some taxi drivers and their night driving experiencesbullet
8 Obinim saga We had sex only once - Obinim victims confessbullet
9 Elections 2016 Nana Addo holds conference in Kumasi...bullet
10 Meet Aisha the female mate who aspires to be a driverbullet

News