Ghana lost over GH¢892 million in the year 2017 to financial irregularities in the operations of various Ministries Departments and Agencies (MDAs).
This is according to the 2017 audit report released by the Auditor General, Daniel Domelevo.
The overall financial impact of weaknesses and irregularities identified in the course of the audit amounted to GH¢892,396,375.19.
Financial weaknesses and other irregularities in the report are summarised under six broad categories namely; Tax Irregularities, Cash Irregularities, Stores/Procurement Irregularities, Outstanding debts/loans, Payroll Irregularities and Rent payment Irregularities.
According to Mr. Domelevo, “The irregularities represent either losses that had been incurred by the State through the impropriety or lack of probity in the actions and decisions of public officers or on the other hand, the savings that could have been made, if public officials and institutions had duly observed the public financial management framework put in place to guide their conduct and also safeguard national assets and resources”.
Below provides a breakdown of the losses in the MDAs according to the report.
Source: Ghana Audit Service
CATERGORY (IRREGULATIES) Amount(GH₵)
TAX 655.6M
CASH 190.6M
PROCUREMENT 41.7M
OUTSANDING DEBT/LOANS 2.7M
PAYROLL 1.7M
RENT PAYMENT 94K
TOTAL 892.3M