PAC criticises CAGD over failure to recover locked state funds
Published:
3 months ago
Source:
3News
Chair of the PAC, James Klutse Avedzi
The Public Accounts Committee (PAC) of Parliament has expressed dissatisfaction with the performance of the Controller and Accountant General's Department (CAGD) regarding its failure to recover substantial state funds locked up with various companies and state institutions across the country. During a session in Parliament to examine the 2023 Auditor-General's report on the public accounts of Ghana: Public Boards, Corporations and other Statutory Institutions, the Committee expressed serious concern about the state of affairs. The report revealed that a total of GH¢61 billion of state funds remain uncollected, with only GH¢46 million retrieved so far. The Auditor-General recommended that the CAGD implements a more robust tracking system to ensure that all transfers are properly recorded and easily traceable. Appearing before the Committee, Mr.