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¢17.4bn in financial irregularities recorded in 2021

A total of ¢17.4 billion in financial irregularities have been flagged by the Auditor-General in its latest report submitted to parliament for the 2021 financial year. This represents a 36% rise compared to that of 2020. This is the conclusion reached by the Auditor-General after an audit of the accounts of at least 101 institutions.

Similar audit reports conducted on institutions in 2017, 2018, 2019 and 2020 show irregularities to the tune of GH₵ 12 billion, GH₵3 billion, GH₵ 5.4 billion, GH₵ 12.8 billion respectively.

The GH₵ 4.6 billion increase for the year 2021 is blamed mainly on credit power sales of GH¢6 billion involving Volta River Authority and Northern Electricity Development Company (NEDCO).

Aug. 30, 2022

References:

• https://www.myjoyonline.com/17-4bn-in-financial-irregularities-recorded-in-2021-auditor-general/
• https://myinfo.com.gh/2022/08/%C2%A217-4bn-in-financial-irregularities-recorded-in-2021-auditor-general/
• https://www.classfmonline.com/news/general/2021-A-G-s-report-uncovers-17-4bn-financial-irregularities-36-4-6bn-rise-in-2020-s-12-8bn-35251
• https://www.youtube.com/watch?v=ZIHwbn8LfTw
• https://www.ghanaiantimes.com.gh/leakage-of-public-purse-gh%C2%A217-4-bn-missing-a-g-attributes-losses-to-irregularities-non-compliance-to-laws/
• https://thefourthestategh.com/2022/09/08/john-kumahs-claim-on-total-infractions-in-auditor-generals-report-false/