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    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

    AMA to roll out digital revenue collection system in March 2023

    We will not layoff Vodafone staff – Telecel

    Petrol to sell for GHS15 in February – IES

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

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    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

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    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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Lack of funds impeding our work-Auditor General

bycitibusinessnews
October 31, 2014
in Banking And Finance, News
Auditor General, Richard Quartey

Auditor General, Richard Quartey

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The Ghana Audit Service says lack of funds from government is impeding its work.

The Auditor General made this remarks at the sidelines of the 5th Audit Service annual accountability lecturers.

It was on the theme, State Audit- Achieving Better Public Accountability.

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The Audit Service says it is appalled by the lack of funds to perform its duties and meet the requirement of submitting the Auditor General’s report to parliament within six months.

Citi Business News has learnt that the release of the allocation for the first quarter of this year was released last month and did not even cover all the 10 regions.

The situation has led to the delay of the Auditor General’s report to Parliament this year.

Speaking to Citi Business News the Auditor – General Richard Quartey said this year due to delays in the release of statutory funds for the operational activities of the Ghana Audit Service, work on 2013 Auditor-General’s Report to Parliament has delayed.

“We are not adequately resourced, which affects our work. Most of the delays in submitting our report is because of lack of funds. Am therefore appealing to government and the Ministry of Finance to as a matter of urgency, resource the service adequately to enable it carry out its duties effectively”

By:  Norvan Acquah-Hayford/citifmonline.com/Ghana

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