Financial irregularities have worsened over the past year from the GHS12.8billion recorded in 2020 to a gut-wrenching GHS17.4billion in 2021, according to North Tongu lawmaker.
Samuel Okudzeto Ablakwa on a Facebook page was worried corruption is now totally out of control despite Ghana seeking for IMF bailout.
He stated that the Electricity Company of Ghana alone awarded illegal single-sourcing contracts without PPA approval to the explosive amount of GHS221.15million.
The latest 2021 Auditor General’s report makes for grim reading. It indicates that financial irregularities have worsened from the GHS12.8billion recorded in 2020 to a gut-wrenching GHS17.4billion.
He mentioned Adu Ofori Atta Enterprise, Adiepena 67 Enterprise, Cota-Q Enterprise, MasterMind B Venture, Kudirash Ghana Limited, Engineering and More, Nel Service Limited and Bentry Company Limited as beneficiary companies of ECG’s shady contract.
Mr Ablakwa revealed “Instructively, the Electricity Company of Ghana alone awarded illegal single-sourcing contracts without PPA approval to the explosive amount of GHS221.15million. Most of the beneficiary companies have exceedingly interesting names such as Adu Ofori Atta Enterprise, Adiepena 67 Enterprise, Cota-Q Enterprise, MasterMind B Venture, Kudirash Ghana Limited, Engineering and More, Nel Service Limited and Bentry Company Limited”.
On accountability of COVID-19 funds, the outspoken lawmaker said “Though Finance Minister Ken Ofori-Atta failed to provide information on the COVID-19 National Trust Fund in his COVID-19 expenditure statement to Parliament two weeks ago, thanks to the Auditor General, we now know GHS67,907,330.33 was received in the form of donations from individuals and corporate organizations”.
“It is equally worth noting that the COVID-19 Private Sector Fund has been instructed by the auditors to refund GHS254,203.00.
It’s been such a traumatizing 746-page read. If we don’t urgently, sincerely and aggressively confront and defeat corruption and deliberate leakages in public financial management, no magnitude of IMF bailout will save us”.
Source: Mybrytnewsroom.com/Kwabena Nyarko Abronoma
