National Accreditation Board blows GHc5m without approval

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The National Accreditation Board has been cited in the latest Auditor General Report for financial irregularities exceeding 5 Million Cedis.

In 2014 the NAB used 4.6 Million Cedis of its internally generated funds without approval from the Finance Ministry. 

It also spent over 700 Thousand Cedis to pay allowances to its board and committee members contrary to the approved rates.

The revelations came to light when NAB appeared before the Public Accounts committee of Parliament Tuesday.

The expenditure which did not receive ministerial approval also violates the NAB Act.

The National Accreditation Board of Ghana is the Government of Ghana agency responsible for the regulation, supervision, and accreditation of tertiary institutions in Ghana. It is an agency under the Ministry of Education.


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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