The 2024 Auditor-General’s Report has tagged the Ministry of Energy as the sector with the highest financial irregularities.
The ministry accounted for GH¢15.8 billion, representing a staggering 86% of total public sector irregularities recorded for the year.
According to the Auditor-General’s breakdown of financial breaches across Ministries, Departments, and Agencies (MDAs), the Ministry of Energy alone was responsible for GH¢15,832,975,487 out of the GH¢18.42 billion in total irregularities for the year ending December 31, 2024.
The report blamed this on contract and procurement breaches, as well as store and tax-related irregularities, underscoring persistent issues in how public contracts are awarded and executed within the sector.
The Electricity Company of Ghana (ECG) accounted for some of the most serious breaches cited in the Auditor-General’s 2024 report.
In 2023, ECG understated its revenue by over GH¢2.95 billion. While the company actually collected GH¢11.59 billion, it declared only GH¢8.64 billion to the Ministry of Energy and other oversight institutions.
The report clarified that a substantial portion of the irregularities is classified as recoverable but underscored the need for the enforcement of financial management rules, enhanced accountability, and a stronger role for internal audits in MDAs.
“We recommended strict implementation of our recommendations to ensure financial discipline in the management of public resources.”
By: Rainbowradioonline.com/Ghana
