The 2024 Auditor-General’s report has revealed that financial irregularities in the operations of public boards, corporations, and statutory institutions increased by 109% in 2024.
This represents a significant increase from GH¢8.8 billion in 2023 to GH¢18.4 billion.
The report explained that irregularities increased across all categories except payroll-related issues, which declined significantly from GH¢8.7 million in 2023 to GH¢191,601 in 2024.
Of the total GH¢18.4 billion flagged, GH¢15.57 billion is classified as recoverable. These include unpaid taxes, locked-up investments, outstanding loans to employees, inter-agency debts, and unretired imprest.
According to the report, the remaining GH¢2.84 billion relates to administrative issues such as procurement infractions and procedural delays.
The Auditor-General, in its recommendations, stressed the need for urgent action to address the lapses:
“We recommended strict implementation of our recommendations to ensure financial discipline in the management of public resources.”
By: Rainbowradioonline.com/Ghana