Skip to main content

EOCO Kept Over GH¢1bn Govt Cash Wrongly – Auditor General


The Auditor General has charged the Economic and Organized Crime Office (EOCO) for breaching the constitution as well as the public financial management Act.
According to the 2016 Auditor General’s report on Consolidated Funds, EOCO kept GH¢1,168,998.37 it recovered from individuals and organizations in 2015 in contravention of article 176 of the constitution.
The Auditor General further stated that it noted that the Controller and Accountant General Department (CAGD) failed to disclose an accumulated interest of GH¢806,407 which formed part of the DANIDA loan.
“The failure of MoF (Ministry of Finance) to ensure effective management of these loans accounted for this state of affairs,” the Auditor General Daniel Domelevo stated in his report.
Mr Domelevo has, therefore, recommended that Debt Management Division (DMD) and Public Debt and Investment (PDI) “should strengthen their collaboration to ensure full recovery of all outstanding debts due Government of Ghana (GoG).”
“I also urged CAGD to restate the loan balance to reflect the accrued interest and ensure that all monies deposited into EOCO accounts are reconciled and transferred into the Consolidated Fund,” he added.
Appearing before the Public Accounts Committee (PAC) Monday to answer questions on the development, the Deputy Finance Minister Abena Asare said EOCO “was supposed to have transferred the monies that they have collected to us.”
Responding to a question from the Chairman of the Committee James Klutse Avedzi on whether the Finance Ministry had a contract with EOCO to keep the monies, Asare revealed “we never stated in any agreement that it should be a year, no! But they failed to do that and we drew their attention to it.”
Asked if the Ministry has any sanction for EOCO for contravening of article 176 of the constitution, Asare said “EOCO is a State Institution not like a debt collecting institution that you engaged with terms. They should have paid into the Consolidated Account as and when they got the monies and we believe that as we have pointed it out to them, EOCO will desist from keeping monies that have collected on behalf of the Ministry.”
Source: Ghana/Starrfmonline.com

Comments

Post a Comment

Popular posts from this blog

Video: Let’s collaborate to increase Africa’s tourism market share – SA Tourism CEO

Sisa Ntshona, CEO of South African Tourism Source: Ghana | Myjoyonline.com | EDA The CEO of South African Tourism has called for a collaborative effort between African countries to increase the continent’s market share when it comes to tourism globally. Sisa Ntshona, who was on a working visit to Ghana, noted that the continent currently controls only 5% of the world’s tourism market, something he believes can change if all countries work together. He advised that Africans should use the narrative that Africa is a country, to its advantage to combine and win together. Mr Ntshona made the call during an interview with  Myjoyonline.com  during a Tourism and Travel Stakeholders’ Dinner at the Labadi Beach Hotel in Accra. According to him, “the world looks at Africa as a country; If the world looks at Africa as a country, use it to your advantage to the extent that before anyone of us in our 54 countries wins, you’ve got to convince people to come to...
Post a Comment
Read more

Bullet no longer manages Ebony

Ricky Nana Agyemang known in showbiz as Bullet has announced that he is no longer the manager of the late musician, Ebony Reigns. He has therefore, handed over the unreleased songs of the late dancehall artiste to her father, Nana Opoku Kwarteng. After the burial of Ebony, her father accused Bullet of unfair treatment with regards to proceeds from his late daughter’s memorial concert. A statement by RuffTown Records on Tuesday, 14 August 2018 said: “RuffTown Records wishes to announce to the fans and the general public that the record label is no more interested in releasing unreleased songs of the late Priscilla Opoku Kwarteng professionally known as Ebony Reigns who is the reigning VGMA Artiste of the Year 2018 as promised.” The release also added that: “The label will not be releasing any songs from the 90’s Bad Girl. Rufftown Records owns 60% of royalties of Ebony Reigns unreleased songs but we are giving away full ownership to her father Mr Opoku Kwarteng.” Source: Ghana/ClassF...
Post a Comment
Read more

St Louis SHS student Sex tape leaks in Kumasi (Photos+Audio+Video)

The most popular girl in Ghana right now is Ayisha, the lady whose sex tape leaked on Whatsapp having hot sexual intercourse with two boys. In the video making rounds on Social media, the young girl who is just 19 years old and a graduate of St. Louis SHS was being bonked by two guys in the video and a third one, whom we didn’t see bonking but we are told had his fair share of the pumpum after he was done recording. The lady was heard saying in an audio that, she didn’t even know she was been recorded but a new source and friend  who is close to the girl, has given us an insight into what really happened. Source: Ghana/otecfmghana.com
Post a Comment
Read more