During his cross-examination on Thursday, June 13, in the ongoing ambulance case, Richard Jakpa detailed his standard procedures for interacting with the Ghanaian government as a businessman.
According to Mr Jakpa, communications typically originate from Secretaries of Chief Directors or Deputy Ministers, who forward letters to the office of the substantive Minister of Finance.
Mr Jakpa explained that upon receipt of these communications, the substantive Secretary of the Minister of Finance would seek approval from the Minister. Once approved, the Secretary would affix the authorisation seal on the letter.
Only then could the Controller and Accountant General's Department (CAGD) or the Bank of Ghana (BoG) proceed with implementing the instructions contained in the letter.
He emphasised the critical importance of this authorisation seal, which signifies approval from the Minister of Finance.
Mr Jakpa stressed that without this security measure, neither the CAGD nor the BoG would act on any directive to debit Ghana's consolidated accounts, whether for local or international payments.
Mr Jakpa underscored during his testimony that this stringent process is designed to safeguard Ghana's financial integrity.
It ensures that only the Finance Minister, with proper authoriation and oversight, can authorise debits from the country's consolidated account for payments related to services rendered or work completed by any Metropolitan, Municipal, and District Assembly (MMDA).
Latest Stories
-
We’ll establish fiscal council to rein in excessive borrowing – Finance Minister
2 mins -
Mortuary workers issue fresh strike threat
6 mins -
‘Lapses in banking system are not unique’ – John Awuah on managing fraud in Ghana’s Banks
14 mins -
Bawumia confident of victory in 2024 election
48 mins -
Strengthening audit institutions essential for tackling fiscal mismanagement – Domelevo
58 mins -
Healthy Aging: The Role of the Gut Microbiome and How Diet Can Help
59 mins -
Seek medical care, diagnosis for breast cancer – Dr Abiti to women
1 hour -
Hardship: Men now collect marriage list from different families to get cheapest – Report
1 hour -
‘If you’re looking for trouble, you’ll get it,’ Falz tells VeryDarkMan
1 hour -
Paramount Chief of Avenor grateful to NPP, calls for completion of Agenda 111 project
2 hours -
Bawumia commissions ultramodern office complex for Ho Municipal Assembly
2 hours -
Bawumia declares NPP’s infrastructure record unmatched
2 hours -
Importers face duty on Electric Vehicles despite gov’t’s exemption promises
2 hours -
4 additional Democracy Hub protesters discharged
2 hours -
Election 2024: Alan Kyerematen lacks a message – Hassan Ayariga
2 hours