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24.06.2019 General News

GBC Chops GH¢3.6m TV License Cash Meant For Consolidated Fund—Audit Report

...told to go squeeze out GH¢93,203 from BBC
GBC Chops GH¢3.6m TV License Cash Meant For Consolidated Fund—Audit Report
LISTEN JUN 24, 2019

The Ghana Broadcasting Corporation (GBC) has been indicted by the Auditor General for allegedly pocketing proceeds from the Television Viewing License (TV License) to the tone of GH¢3.6 million.

This was contained in the 2018 Auditor General’s report for failing to remit a total of GH¢3,637,754.20 into the Consolidated Fund.

The alleged GH¢3.6 million were proceeds of TV License it collected from 1993 to 2017 which was never paid, according to the Report of the Auditor General on Special Audits Carried out on selected state institutions in the year 2018.

The 2018 Audit Report stated that “Contrary to Regulation 15(1) and (3) of the Financial Administration Regulation 2004, the Corporation did not remit TV License fees collected from 1993 to 2017 totalling GH¢3,637,754.20 into the Consolidated Fund. We recommended to management to pay the GH¢3,637,754.20 into the Consolidated Fund.”

Besides the TV license, the Report also captured that, "an invoice issued to the British Broadcasting Corporation (BBC) in respect of co-location was under invoiced by GH¢93,203.53.

The Auditor General, therefore, advised management of GBC to take steps to recover the difference of the GH¢93,203.53 from BBC.

The Report also indicted management of GBC for under-stating revenue accrued from the 2014 world cup to the sum of GH¢3,464,878.59, but directed that management to properly update AG the financial Statements and render account for the GH¢3,464,878.59.

The AG warned that the officers responsible be surcharged with the amount should the officers failed of which officers of GBC who were responsible shall be.

The Report further revealed that GBC signed a contract agreement between the Ghana Television Consortium and Optimum Media Prime Limited with some major financial clauses that were amended without approval by the Consortium.

This, the Auditor General recommended to management to give a reason or of furnishing the source of authority for varying portions of the agreement.

Felix Engsalige Nyaaba
Felix Engsalige Nyaaba

JournalistPage: FelixEngsaligeNyaaba

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