Ghana lost GHc6 billion in 3yrs – IMANI

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ghana-crying-corruption-curruptionGhana has lost nearly GHc 6 billion over a three year period, according to a report from policy think tank, IMANI Africa. The amounts were officially reported missing or misused between 18 ministries, departments and agencies (MMDAs), and 19 public boards and institutions.

The report also implicated 10 polytechnics and pre-University Educational institutions. “There were five different categories of irregularities and all of these when combined amounted to GHc 5.9 billion of the period of three years,” IMANI Africa’s Communications Analyst, Isidour Kpotufe told Citi News.

Mr. Kpotufe also observed that, the amount could have catered for 80% of Ghana’s donor support in the delivery of potable water, and end Ghana’s perennial electricity problems among others. He lamented that, there still existed problems with the country’s systems which has weak sanction regimes for people cited for financial malfeasance. Mr. Kpotufe said, “It tells you that there is something wrong with the system and if you ask me, we have to strengthen the sanction regime or the punitive measures. When people engage in acts of irregularities, do we just allow the Auditor General to come out with a report and complain? Is that what we want?” “The reports say that these monies that are being lost could have been used to build water projects and stop the dependency on foreign donors. These monies could have been used to stop ‘dumsor’ [power crisis] and the power crisis we are witnessing today.”

Auditor General sued

On the point of stricter enforcement of sanctions, Pressure Group Occupy Ghana, sued the Attorney General and the Auditor General for refusing to surcharge persons who were said to have misappropriated monies belonging to the state. According to Occupy Ghana, a thorough study of the Auditor General report revealed that, between 2003 and 2014, the total losses the state incurred in “irregularities” arising from Government Ministries, Departments and Agencies was about GH¢2,448,968,912.29.

Notable instances of financial malfeasance Earlier in 2016, the Public Utilities Regulatory Commission (PURC), was indicted in the Auditor General’s report for blowing GHc 99, 663 on the distribution of Christmas hampers. According to the report, the amount was expended on such items “during the 2012 Christmas and New Year break.” The Auditor General also uncovered the use of unaccounted cash to the tune of GHc 1.5 million by a cashier of the Ghana Railway Company limited.


ABOUT: Nana Kwesi Coomson

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An Entrepreneur and Philanthropist. Editor-in-Chief of A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow (YALI) who studied at Clark Atlanta University on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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