Audio By Carbonatix
Finance Minister, Dr. Mohammed Amin Adam says there has been a consistent reduction in irregularities reported by the Auditor-General since the year 2020.
Speaking during the Mid-year budget review on Tuesday, July 23, he said that irregularities have decreased by 32 percent between 2022 and 2023.
This reduction, he added, has resulted in savings of approximately 5.2 billion cedis for the country.
"Mr. Speaker, there has been a consistent reduction in irregularities reported by the Auditor-General since 2020," the Minister said.
Dr. Amin Adam attributed this achievement to the effective implementation of policies, guidelines, and Public Financial Management (PFM) measures by the Ministry of Finance.
He emphasised that these efforts have led to about 99.26% of all irregularities identified in 2023 by the Auditor-General being recoverable.
The Minister added that the Finance Ministry is collaborating with the Internal Audit Agency, Internal Audit Units, and Audit Committees to ensure the recovery of these amounts.
Latest Stories
-
Dad unlawfully killed daughter in Texas shooting, coroner rules
4 hours -
Anas wins 7 – 0 as SC unanimously rejects attempts to reverse judgment in his favour
4 hours -
The cocoa conundrum: Why Ghana’s farmers are poor despite making the world’s best chocolate
5 hours -
Powerful cyclone kills at least 31 as it tears through Madagascar port
6 hours -
GoldBod summons 6 gold service providers over compliance exercise
6 hours -
Power disruption expected in parts of Accra West as ECG conducts maintenance
6 hours -
Police investigate alleged arson attack at Alpha Hour Church
7 hours -
Heavy Sunday downpour wrecks Denyaseman SHS, schools, communities in Bekwai Municipality
7 hours -
Ridge Hospital is in critical condition – GMTF Boss appeals to corporate Ghana
7 hours -
Introduce long term measures to tackle challenges in cocoa sector – IERPP to government
7 hours -
Agricultural Economist proposes blended financing model to support cocoa sector
8 hours -
NPP MP warns against reducing producer price as government rolls out cocoa reforms
8 hours -
Tano North MP urges halt to grain exports over food glut
8 hours -
Farmers hopeful as government moves to expedite cocoa payments
9 hours -
Tensions at Agbogbloshie market women oppose AMA drain cleaning exercise, items confiscated
9 hours