Tag: public accounts committee
-
We’ve not exceeded our financing limit to the budget – BoG
The Bank of Ghana (BoG), has told the Public Accounts Committee (PAC) that it has significantly reduced its support to the budget in compliance with the directive that placed a cap on the bank’s financing. At the PAC sitting on Wednesday, September 2, First Deputy Governor of the BoG, Dr. Maxwell Opoku Afari, said they…
-
COCOBOD institutes measures to reduce losses after 2014/2015 shortfall
The Ghana Cocoa Board, has said that following the significant revenue losses recorded in the 2014/2015 crop season, it has put measures in place to avoid such shortfalls. COCOBOD lost about GHS216 million in revenue during the period under review, a situation it said has greatly affected its fortunes. Speaking at the Public Accounts Committee…
-
GNPC blames Gov’t indebtedness for its financial problems
The Ghana National Petroleum Corporation (GNPC), has blamed its financial constraints on government’s inability to pay debts owed them since 2014. According to them, government owes the Corporation over 21 million US dollars, and they are almost helpless in their quest to retrieve the money. Speaking at a Public Accounts Committee (PAC) sitting on Tuesday,…
-
Benchmarking prices of goods and services against the exchange rate illegal – BoG Governor
The Governor of the Bank of Ghana, BoG, Dr. Ernest Addison, has reiterated that it is illegal to price goods and services in foreign currencies such as the U.S dollar. Despite the existence of the law, the practice exists in many facets of the Ghanaian economy as some businesses have even adopted new ways by…
-
PAC won’t hesitate to recommend prosecution of guilty persons — Avedzi
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…