A report by think tank IMANI Centre for Policy and Education reveals financial irregularities cost the country GHȻ3,933,608,067.52, from 2012 to 2014 due to failure to adhere to rules and regulations pertaining to debt management.
The ‘Fiscal Recklessness Index’ says the figure represents 66.21% of total irregularities over the two-year period.
The report also ranks Financial Irregularities at Ministries, Departments and Agencies (MDAs), Boards of Public Corporations, Polytechnics and Pre-University Institutions, revealing further that cash irregularities under the same period amounted to GHÈ» 985,181,733.74 representing 16.5% of total irregularities.
Consistent non-recourse to procurement committees and provisions provided in the Public Procurement Act amounted to GHÈ» 119,714,853.29 representing 2.02% of total irregularities, the report said.
Tax irregularities resulted in MDAs losing GHÈ» 290,749,374.37, representing 4.8% of total irregularities.
“Contract irregularities due to failings in strengthening controls and non-compliance with tendering procedures, amounted to GHS 322,940,570.12 representing 5.4%”, said the IMANI Ghana Report.
Read the full Report.
Story by Ghana | Myjoyonline.com | GN
TUC tells informal sector employers to pay their employees the minimum wage
Prof. Marfo urges good civilian-security relations to promote peace
I was nearly jailed because of NPP; I’m still ‘pained’ — Hopeson Adorye
Rising against NPP after being a minister for 15 years is a sin; God will judge ...
Cecilia Dapaah: Reasons behind AG’s advice to EOCO not grounded in law – Martin ...
NPP should have reported Kingsley Nyarko’s conduct to police – Inusah Fuseini
Akufo-Addo cuts sod for MIIF Technical Training Centre
NPP didn’t struggle to win Ejisu by-election – Samuel Ayeh-Paye
A/R: Achiase Chief arrested for acid attack on community members
Naa Ayemoede returns to school
