Audio By Carbonatix
Finance Minister Dr Cassiel Ato Forson has urged public officials to account for every cedi entrusted to them and strengthen financial management systems to prevent the recurring loss of public funds.
He said efforts to recover misappropriated or unaccounted-for public resources should not become an annual ritual, stressing the need for systems that prevent financial irregularities in the first place.
Dr Ato Forson made the remarks during an engagement on the Auditor-General’s Report attended by regional ministers and metropolitan, municipal and district chief executives (MMDCEs).
He reminded public officials that they were custodians, not owners, of state resources and had a responsibility to manage them in the interest of the Ghanaian people.
“Public money does not belong to government officials; we are only the custodians of those resources,” he said, emphasising that the funds belonged to the people of Ghana.
The Finance Minister called on the officials to ensure that all recoverable public funds were retrieved and that every cedi placed in their care was properly accounted for.
“Let us recover every cedi that is recoverable. Let us account for every cedi that is entrusted to us as public officials,” he said.
Dr Ato Forson, however, stressed that accountability should go beyond recovering funds after financial irregularities had occurred.
He urged public institutions to strengthen their financial management and oversight mechanisms to safeguard public resources and minimise the recurrence of such cases.
“Let us build systems where recovery becomes the exception, not an annual ritual,” he said.
Latest Stories
-
20% digital tax is not E-Levy – GRA boss
4 minutes -
Defence Minister calls for intelligence-sharing and regional cooperation to tackle maritime insecurity
8 minutes -
Afenyo-Markin failed to comply with procedural rules in defamation suit – Sammy Gyamfi’s lawyers
19 minutes -
GRA recovered GH¢1.3bn out of about GH¢1.4 bn unpaid VAT from ECG – Anthony Sarpong
21 minutes -
KMA to extend daily toll collection to nights and weekends
23 minutes -
Ghana secures second consecutive term on UN Human Rights Council
27 minutes -
KATH Catheterisation lab targets December completion amid specialist staffing concerns
27 minutes -
Government working to address economic challenges driving youth into galamsey – Mahama
37 minutes -
Domestic Capital Africa campaign targets US$600bn pension funds for SME growth
38 minutes -
Women leaders’ wisdom and work deserve recognition – Mahama
48 minutes -
NRSA to refund surplus from auctioned vehicles of non-subscribers after deducting towing costs
49 minutes -
Ghana must integrate AI into mainstream education – DigiMarkt Project Board
50 minutes -
Armwrestling: Ghana unveils World Armwrestling Championship squad, appeals for travel support
50 minutes -
NPRA cites pensions college, data bank to justify 10-storey building project
56 minutes -
16 arrested as security team recovers guns, ammunition at Gbane mining site
56 minutes