Internal Audit Agency undertakes mass inauguration of over 200 Audit Committees

Dr Eric Oduro Osae, Director-General, IAA (Photo Credit: IAA)

The Internal Audit Agency (IAA) has announced the mass inauguration of over 200 audit committees at the Metropolitan, Municipal and District Assemblies (MMDAs) and Regional Coordinating Councils (RCCs) across the country.

Sections 86-88 of Public Financial Management Act 2016(Act 921) requires ‘Covered Entities’ including MMDAs and RCCs to have Audit Committees to support them to implement and adhere to sound financial controls and systems in the use of the public funds, says a ‘press release’ that was issued by the IAA on June 5, 2022.

Why integrity should drive business practice in Ghana

Integrity is the card Ghana must play to successfully project an image of a society that frowns on corrupt business practice, according to panellists on the Corruption Watch radio programme.

“Today, we know that many people feel they have to make facilitation payments, many people feel that there are a lot of hindrances in their way to doing proper business in Ghana,” Mary Awelana Addah, Programmes Manager, Ghana Integrity Initiative said on Wednesday when contributing to the Corruption Watch radio programme via telephone.

Corruption Watch: SEC losing public trust

… As Gold Coast and Beige customers demand funds

Rev. Daniel Ogbarmey Tetteh, Director-General, SEC

Some frustrated customers of troubled fund management companies say they have lost confidence in the Securities and Exchange Commission (SEC) because SEC appears unable to compel the companies to release their matured funds to them.

There are particular demands on SEC by clients of Gold Coast Fund Management Limited and Beige Capital Asset Management Ltd with some accusing SEC that the regulator does not give prompt attention to complaints nor give feedback.

The Commission is the apex regulatory body of the Securities Industry in Ghana.

Burglars break into A-G’s office

…Take away computers containing files   

Attorney-General Gloria Akufo

A Corruption Watch investigation has uncovered how unidentified persons have been staging frequent break-ins at the offices of the Ministry of Justice and Attorney-General in Accra.

The incidents have resulted in concerns about tampering with the integrity of the prosecutorial processes as well as the security and safety of the officers of the A-G’s department.

Removal of EC bosses: CDD-Ghana calls for full disclosure of findings

From L-R: Amadu Sulley, Charlotte Osei and Georgina Opoku Amankwah
Photo Credit: Adomonline

The Ghana Center for Democratic Development (CDD-Ghana) has asked government to make full disclosure of the findings of the Chief Justice Committee that investigated the three Electoral Commission bosses.

According to the governance institution, it is imperative to address public anxiety and promote knowledge and understanding of the decision to remove the three officials.

NLA boss awards 11 contracts to sister-in-law in violation of procurement law

Kofi Osei Ameyaw, NLA boss

A Corruption Watch investigation has found that the Director General of the National Lottery Authority (NLA) Kofi Osei Ameyaw awarded 11 contracts in excess of half-a-million cedis to his sister-in-law in violation of the procurement law.

Details of this contract award have raised an apparent case of conflict of interest.   

The Public Procurement (Amendment) Act, 2016 confirms Osei Ameyaw as the Entity Head of the NLA who is authorized to approve contracts worth up to GHS100,000.

Corruption Watch: Prosecution missed opportunity to recover GH¢ 4.1m stolen from the State

L-R: Pele & Assibit
Credit: Graphic Online

Ms Carolyne Lamptey, a specialist in corruption asset recovery, says prosecutors should have identified the assets of  Abuga Pele and Philip Akpeena Assibit during the trial and prior to the sentencing of the two to assure the recovery of the GH¢4.1 million stolen from the state. 

According to her, the prosecutors could have said to the judge that “we’ve identified their assets, we know how much they own and so this is what we expect them to pay to the state.”