No Result
View All Result
Sunday, March 26, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    US will increase investments in Africa to propel growth – Kamala Harris

    Ghana’s public debt stock still at ¢575.7bn – BoG data

    Govt pays additional coupons on matured bonds

    Talks with China over $1.7bn debt positive, encouraging – Ofori-Atta

    China to seek proper resolution with Ghana over $1.7bn debt

    GSE signs MoU with MIIF to increase listing of mining companies

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Support Ghana’s efforts to restore debt sustainability – IMF to bilateral creditors

    Ghana Best Cocoa Farmers Association lauds COCOBOD boss

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Industry experts convene to discuss diversification strategies for pension funds

    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

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

    BoG directs banks to submit prudential reports on sex-disaggregated basis

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    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

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $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

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    US will increase investments in Africa to propel growth – Kamala Harris

    Ghana’s public debt stock still at ¢575.7bn – BoG data

    Govt pays additional coupons on matured bonds

    Talks with China over $1.7bn debt positive, encouraging – Ofori-Atta

    China to seek proper resolution with Ghana over $1.7bn debt

    GSE signs MoU with MIIF to increase listing of mining companies

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Support Ghana’s efforts to restore debt sustainability – IMF to bilateral creditors

    Ghana Best Cocoa Farmers Association lauds COCOBOD boss

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Industry experts convene to discuss diversification strategies for pension funds

    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

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

    BoG directs banks to submit prudential reports on sex-disaggregated basis

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    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

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $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

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

PAC won’t hesitate to recommend prosecution of guilty persons — Avedzi

byBobbie Osei
August 13, 2019
in Banking And Finance, Government, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

Chairman of the Public Accounts Committee in Parliament James Klutse Avedzi says they won’t hesitate to recommend prosecution of all persons involved with the about 2000 auctioned cars that are currently unaccounted for, according to the 2018 Auditor General’s report.

According to the report, a total of 1,719 vehicles that were auctioned by the Customs Division of the Ghana Revenue Authority (GRA) after being confiscated between 2015 and 2017, cannot be accounted for.

Speaking to Citi Business News about the missing cars, James Klutse Avedzi said it is important to prosecute persons causing financial loss to the state to serve as a deterrent to others.

ADVERTISEMENT

“First of all, we need to look at the recommendations of the Auditor-General in the report. Then we also need to look at the asset disposal law, what rules need to be followed when government assets are being disposed of.

And definitely, once they’ve been sold and there has been revenue, we need to ask who sold them, who are the auctioneers who sold the vehicles among others. If we cannot get answers to all these questions, then we will have to go after the officers involved.”

Establish a separate body to enforce prosecution – Avedzi

Mr. James Avedzi has suggested the establishment of a separate body to enforce the prosecution of persons or institutions found complicit in any of the Auditor General’s report.

The lawmaker argues that the move may, however, be subject to debate between both parties to consider its effectiveness.

Presently, audit committees of various Ministries, Departments and Agencies are mandated to ensure the necessary prosecutions are duly complied with when some of them have been cited for various infractions.

Mr. Avedzi tells Citi Business News resorting to a separate institution should enhance accountability and protect the public purse.

MDAs lost over GHc5.1bn in 4 years – Auditor General

The Auditor-General, Daniel Yaw Domelevo stated that the various Ministries, Departments and Agencies (MDAs) lost over GHc5.1 billion in just four years through various financial irregularities.

This was contained in the Auditor-General’s report covering the period 2014 – 2018. Of the amount, tax infractions alone constituted 92% with 10 oil marketing companies owing to the Tema Oil Refinery over GHc33 million in taxes.

The Auditor-General in the report blamed the Ghana Revenue Authority for failing to collect the revenues. The MDAs also lost over GHc3 million through unapproved disbursements, unauthorized use of IGF and unauthorized transfer of funds.

Mr Domelevo in the report said he will further investigate these infractions, disallow and surcharge officials where possible.

“These irregularities could be traced mainly to failure on the part of the Ghana Revenue Authority to collect tax revenue and also apply measures and sanctions against defaulters as stipulated in Paragraph 40 and 41 of the Income Tax Act 2015, (Act 896) Sections 135(2) and 136 of the Internal Revenue Act, 2000 (Act 592).”

“I recommended that the Management of GRA should strengthen its monitoring and supervision of its staff. They should also take steps to improve efficiency in tax administration, collection and follow up on overdue taxes while applying sanctions as prescribed by the tax laws,” said the Auditor General.

 

Related Posts

Local Economy

US will increase investments in Africa to propel growth – Kamala Harris

bycitibusinessnews

The United States of America intends to increase investments on the African continent to propel economic growth. This was announced...

Read more

Ghana’s public debt stock still at ¢575.7bn – BoG data

Govt pays additional coupons on matured bonds

Talks with China over $1.7bn debt positive, encouraging – Ofori-Atta

China to seek proper resolution with Ghana over $1.7bn debt

GSE signs MoU with MIIF to increase listing of mining companies

Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

Next Post

Deepen discussions on cyber security -- Eli Hini

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.