The Audit Service headed by the Auditor-General, Johnson Akuamoah Asiedu, has recovered a total amount of ¢2.210 billion as financial irregularities from public institutions, about 46.13% of the expected recoverable amount.
This is out of ¢4.76 billion recommended for recovery for the period under review.
According to the Auditor-General’s Reports from 2017 to 2020 and Payroll Savings as of September 2022, the Audit Service also saved the State a total of GH¢145.08 million from payroll certifications between 2018 and September 2022.
The report said ¢1.282 billion has been recovered and deposited into an Auditor General’s Recoveries Account at the Bank of Ghana opened in June 2022.
Recoveries from tax irregularities
An amount of ¢1.644 billion was recovered in respect of tax irregularities, representing 74.39% of the total recoveries in the 2017-2020 Auditor-General’s Reports.
This was mainly from taxes owed which have now been recovered from defaulters.
Recoveries from Cash Irregularities
The total amount of recoveries for cash irregularities was ¢131.13 million for the period under review. This represented 5.93% of the total recoveries made.
Recoveries from Loans, Advances, and Indebtedness Irregularities
A total amount of ¢421.468 million representing 19.06% of total recoveries was made in respect of loans, advances, and indebtedness.
This included indebtedness of ¢327.63 million to COCOBOD, now recovered.
Recoveries from Payroll Irregularities
Payroll recoveries (unearned salaries) amounted to ¢3.212 million. This represented 0.15% of total recoveries.
Recoveries from Rent Irregularities
A total of ¢8.954 million was recovered in respect of rent irregularities and this represented 0.40% of total recoveries.
Recoveries from contract irregularities
An amount of ¢1.468 million was recovered in respect of contract irregularities, representing 0.07% of total recoveries.
Latest Stories
-
Managing Director: $25m required to fully restore TOR
12 minutes -
Osagyefo Anye Amoanpong Tabrako III is special guest of honour at UniMAC Ghana Month celebration
13 minutes -
Andre Ayew and the Black Stars: Return or retire?
27 minutes -
Deacon Kwame Agyabeng aka Wofa Dan
36 minutes -
From Threat to Opportunity: Women in Marketing Africa on AI’s role in creativity
42 minutes -
Independence Armwrestling Challenge: Ghana dominates in four-nation tournament
48 minutes -
PNP accuses experts of pushing partisan agendas under the guise of national interest
53 minutes -
Edmund Asante joins Black Satellites for four-nation tournament in Morocco
1 hour -
Ghana needs ‘God-fearing’ individuals to prioritise national development – PNP
1 hour -
Heritors Labs strengthens Ghana’s innovation ecosystem ties with Francis-Xavier Sosu
2 hours -
Jonina Ladies fairytale run to Women’s FA Cup final
2 hours -
Below to Beyond: BTL Marketing Solutions rebrands as ‘Beyond The Line’ to mark 12th anniversary
2 hours -
‘Time will tell’ – Kofi Adams on GFA’s decision to keep Otto Addo
3 hours -
Today’s Front pages: Tuesday, March 18,2025
3 hours -
We will refurbish Cape Coast Stadium and keep it for Black Stars matches only – Kofi Adams
3 hours