PAC unhappy with A-G over ‘missing’ GHS1.5bn

Lorlornyofm
By Lorlornyofm August 14, 2018 22:00

PAC unhappy with A-G over ‘missing’ GHS1.5bn

The Public Accounts Committee (PAC) has reprimanded the Auditor-General’s Department for the confusion surrounding the disbursement of an amount of GHS1.5 billion petroleum revenue.

The amount, which was deposited in the Petroleum Revenue Account at the Bank of Ghana (BoG) between January and September 2015, was withdrawn in the ensuing months without the knowledge of the Accountant of the Tema Oil Refinery (TOR).

This led to speculations that the money was used to fund part of the 2016 campaign of former President John Dramani Mahama and the National Democratic Congress (NDC), who were in government.

At a public hearing of the PAC on Tuesday, 14 August 2018, Deputy Finance Minister, Abena Osei Asare, said the money was duly withdrawn and used for its intended purposes in accordance with the law.

She said the Controller and Accountant General’s Department received “instructions from the Ministry of Finance at that time to effect the payment so there are letters, evidence, to show that they received instructions and they also forwarded it to the Bank of Ghana to effect the payment.”

However, Chairman of PAC, James Klutse Avedzi, indicated that the report by the Auditor-General’s Department was misleading.

Mr Avedzi indicated that it was stated that the Accountant at TOR did not do the necessary reconciliation and added that the failure of the Accountant to do monthly reconciliation statement resulted in the loss to TOR.

He said at that point there was no loss but it was reported in the media that then-President Mahama and his Finance Minister had taken the GHS1.5billion and could not account for it.

He subsequently warned the Auditor-General to be meticulous and careful in handling such matters due to the damage to people’s reputation.

“You see, the damage has already been caused and in actual fact nobody took that money. So, sometimes, your report that you issue, you have to be careful on it and how you choose words so that you don’t damage someone’s image,” he admonished.

Source: Ghana/ClassFMonline.com/91.3FM

Lorlornyofm
By Lorlornyofm August 14, 2018 22:00
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment
View comments

Write a comment

Your e-mail address will not be published.
Required fields are marked*

*

Recent Comments

  • Oxygen

    Oxygen

    Yeah I think it is time the government officials start accounting for their deeds. They cannot just come into power…

    View Article
  • Sammy the VIRUS

    Sammy the VIRUS

    In my estimation,I believe the average man in his quest to satisfy his libido will stop at nothing to have…

    View Article
  • Sammy the VIRUS

    Sammy the VIRUS

    There is this maxim within our local circles that says a man who works at Barkleys bank does not collect…

    View Article