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    GH¢5.5bn approved by Parliament not only for Blackshield customers – SEC

    BoG assures of enhanced educational campaigns to ensure proper handling of local currency

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    Bank of Ghana increases Monetary Policy rate to 29.5%

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    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

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Governors told to list assets, liabilities under their watch

bycitibusinessnews
July 13, 2017
in Africa, East Africa
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Devolution Cabinet Secretary Mwangi Kiunjuri has directed governors to prepare a summary of assets and liabilities under their charge as the country prepares to elect new leaders.

Mr Kiunjuri has handed each of the 47 county chiefs 30 days to set up a special team to oversee transfer of the assets and liabilities to their successors upon expiry of their terms.

Each governor is expected to provide details of county assets, loans, creditors, unremitted statutory deductions, unpaid personnel emoluments, legal charges and contingent liabilities.

The directive is in line with the Assumption of the Office law that guides change of guard at the counties.

“Supporting documents should be prepared and made available for scrutiny,” states the framework.

The 13-member committee must also prepare a summary of the human resource of the country, entities, corporations and agencies that are either partially or wholly-owned by the county government.

Also to be prepared is a summary of all ongoing projects indicating whether they are active, stalled, abandoned, terminated, or rescaled.

A summary of all sources of funds for financial years from 2012/2013 to 2017/2018 should also be prepared, clearly stating equitable share, conditional grants, own source revenue, unconditional grants, funds from development partners, borrowing and other sources.

“Assets should include those inherited from defunct local authorities, those transferred from the national government and those acquired by the county government since 2013 including all assets that have disputes or outstanding unresolved matters,” states the framework.

The 13-member committee will be made up of country secretary, county commissioner, officer in charge of legal matters as well as chief officers for public service, information and communication, finance, public works and roads, the head of national police in the county, the Clerk of the County Assembly, one county assembly official nominated by the clerk, representative of the Ministry of Devolution and a representative from inter-governmental relations technical committee.

–

Credit: Business Daily

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