The issue of financial non-compliance in Ghana, according to Chief of Staff Akosua Frema Osei-Opare, is quite old.
Nevertheless, all State Owned Enterprises, or SOEs, must make an effort to make the creation of Auditor Accounts and Management Reports a crucial component of their operations in order to ensure that Audit infractions and malfeasance are eliminated.
Additionally, SOEs must work with the State and Interest and Governance Authority (SIGA) to check for and eventually clear out all backlogs of audits for specific agencies.
She pleaded with the CEOs to keep the Asserts Register and Land Titles up to date.
While receiving the Joint Report Technical Report on the 2021 Audit Infractions from SIGA and the Ghana Audit Service in Accra for transmission to President Akufo Addo, the Chief of Staff made this statement.
The report followed a directive from President Akufo Addo, who on October 3, 2022, after a meeting with the board chairs and CEOs of specified entities, charged SIGA and the Attorney General’s office with looking into the reasons behind the violations of the law committed by the entities cited in the 2021 Audit Report and making appropriate recommendations.
In its most recent report, the Auditor-General noted violations worth 17.4 billion Cedis.
The Director General of SIGA, Ambassador Edward Boateng, ”streamline their work to make SOE’s more significant to achieve President Akufo Addo’s vision of Specified Entities contributing significantly to Ghana’s GDP”.
