Reckless use of funds impeding Ghana’s development – PIAC

By on

Dr. Steve Manteaw, the Chairman of the Public Interest and Accountability Committee (PIAC), has said the vision of moving Ghana beyond aid will not be achieved if funds allocated for development projects are not used appropriately.

Misappropriation of state funds, non-existence of projects, non-judicious use of funds and value for money are some of the issues PIAC believes impedes development.

The government in 2017 allocated GH¢2.2 million on physical infrastructure in the education sector, but not a single project was constructed, Dr. Manteaw said during a public forum organised by PIAC in the Wa East District Capital, Funsi, in the Upper West Region.

The percentage of oil money allocated to support development projects from 2011 to 2017, could catapult Ghana beyond aid, but several projects reported to have been executed did not exist, while some funds had also been wrongly used.

He cited Nakori and Duri dams in Upper West as well as GH¢ 35,000,000.00 for Microfinance and Small Loans Centre (MASLOC) as non-existent.

None-judicious use of funds included bus re-branding that took away GH¢ 3,649,044.75, support for Creative Industry with GH¢2,000,000.00, and the lack of value for money due to overrun cost in road constructions, and the construction of a six-unit classroom block for GH¢14,909,744.00.

Others were power supply at Bagabaga College of Education for GH¢4,028,245.00, and the training of 5,000 people with disabilities in ICT for GH¢ 10,000,000.00

Dr. Manteaw disclosed that in the year 2017, an amount of GH¢ 41,617,767.70 was allocated to go into roads, rail and other infrastructural development, GH¢49,070,181.20 spent in the agricultural sector, and GH¢202,379,893.20 was also allocated to go into physical infrastructure and service delivery in education.

Also, GH¢8,660,362.75 went into health service delivery and physical infrastructure.

PIAC believes there ought to be properly defined guidelines in the selection of the priority areas, while few legacy projects should be identified and supported by the Annual Budgeting Funding Amount (ABFA).


Source: GNA

ABOUT: Ellsamwise King

[email protected]

A Civil/Structural Engineer & Freelance Blogger, Journalist, Social Media Mogul, Digital Marketer, Entrepreneur, and Philanthropist. CEO of Skyline Consortium & 9189 Media Consult and Co-Founder of Team Sarkodie. An alumnus of Prempeh College where he read General Science. He holds a first degree in Bachelor of Science from the Kwame Nkrumah University of Science and Technology. His mentors are Alvar Alto, Rupert Murdoch, Piers Mogan, Mensa Otabil, Bernard ElBernard Nelson-Eshun. Blogs for; | | | | . Social Media Manager for Eon3 Group | BrandsAid | Kings Crown Media | Carabao Africa Ghana & Africa | Calvary Temple - ICGC | Team Sarkodie | Muzik IQ | Kwaw Kese Please inquire more via Email: [email protected] | [email protected] Instagram & Twitter: @wise_tskd Facebook: Ell Samwise LinkedIn: EllSamwise King Dogbe

view all posts by: Ellsamwise King  

ABOUT 233TIMES is a Ghanaian media house which serves as a major source of exclusive interviews ,music and video downloads, news and more. reports on major events,news covering entertainment, politics, sports, etc from within Ghana, Africa and beyond.

We have a platform for the amateur artistes to portray their staggering talents ...more...


facebook twitter youtube google plus linkedIn

To advertise with us or make enquiries, please visit or call +233266121799 (Selorm), +233248185848 (Nana Kwesi)