Auditor-General reports 41.6% drop in public sector financial irregularities
Published:
3 months ago
Source:
Channel 1 News
Financial irregularities among public boards, corporations, and other statutory institutions decreased by GHS6.2 billion in 2023, according to the Auditor-General's report. For the period ending December 31, 2023, the total irregularities recorded a 41.6 per cent reduction (GHS6,260,178,686), dropping from GHS15,059,441,806 in 2022 to GHS8,799,263,120. The irregularities included outstanding debtors/loan recoveries, cash, payroll, tax, stores, procurement, and contract issues. The reduction in irregularities was largely attributed to increased compliance and the implementation of audit recommendations by the entities covered, according to Auditor-General Johnson Akuamoah-Asiedu. He shared these insights during an interview with the Ghana News Agency at the 2024 financial audit launch and the Regional District Auditors Conference in Accra on Friday, August 16.
"Our clients are now taking our recommendations seriously and have implemented several of the suggestions from previous audits, which has led to a reduction in infractions," Mr Akuamoah-Asiedu stated.