Audio By Carbonatix
The Minister for Roads and Highways, Kwame Governs Agbodza, has raised concerns over the effectiveness of the Ghana Integrated Financial Management Information System (GIFMIS), describing it as inadequate for managing records within the road sector.
According to him, weaknesses in the system have contributed to poor documentation of projects, particularly those inherited by the current administration.
He noted that gaps in data and procurement inconsistencies have made it difficult to verify key details, including whether proper tender processes were followed.
Speaking to journalists after his appearance before the Public Accounts Committee (PAC), the Minister stressed the need for urgent reforms to strengthen transparency and accountability in the management of public funds.
He explained that discrepancies in project records have led to confusion over financial obligations, with some contractors disputing figures presented by the government due to unreliable data.
“As for GIFMIS, it is something that we need to augment. The current system is no longer fit for purpose,” he said, adding that ongoing efforts by the Finance Ministry to introduce a more efficient system would be critical, especially given the scale of financial transactions within the roads sector.
Latest Stories
-
Banks’ NPLs drop to 16.1%, but credit risk remains key vulnerability
6 minutes -
Business, consumer confidence positive – BoG
18 minutes -
We don’t have a trust crisis – BoG urges vigilance against rising digital fraud
25 minutes -
GIPC now an authority
30 minutes -
Mahama urges African leaders to turn health pledges into concrete investments
41 minutes -
NPP Greater Accra Regional Organiser hopeful touts experience, grassroots mobilisation record
53 minutes -
WHO warns Africa risks losing decades of health gains as external funding declines
1 hour -
Chief of Staff plants shea tree at Jubilee House to reaffirm government’s commitment to shea industry development
2 hours -
GCB Bank unlocks new pathway to credit with Tier 3 pension-backed loan
2 hours -
Mid-Year Budget: ‘MoU is not a payslip’ – Oppong Nkrumah questions gov’t jobs, economic claims
2 hours -
Prof Mills was ethical; some appointees exploited his weakness as his health declined – Prof Frimpong-Boateng
2 hours -
Halt prosecution of NDC organiser over comments made against me – Bawumia urges Police, AG
2 hours -
Prof Mills dismissed me twice, but I speak well of him because I knew him – Prof Frimpong-Boateng
2 hours -
Government reaffirms commitment to developing Ghana’s shea industry
2 hours -
EOCO rescues 39 victims in Hohoe anti-trafficking operation, investigates suspected travel fraud syndicate
2 hours