Tag: 2023 Annual Budget Statement and Economic Policy to Parliament

  • PAC reclaims GHS12.9bn siphoned from state coffers

    PAC reclaims GHS12.9bn siphoned from state coffers

    More than GH¢12.9 billion in misappropriated public funds has been retrieved following a joint collaboration between the Public Accounts Committee (PAC) and the Auditor-General’s (A-G) Department.


    Addressing the media on Wednesday, October 1, Chairperson of PAC, Abena Osei-Asare, attributed the groundbreaking development to the collective efforts between the Auditor-General’s Department.


    “One thing I am clear about is that what we are doing is yielding positive results. We have a report we will look at. Per the work of the Public Accounts Committee, and with the support of the Auditor-General, we have been able to retrieve GH¢12.9 billion. There is a whole report on that which we will be sharing with the public at the right time,” she said.


    According to her, the Committee will make the report’s details public at the appropriate time. The Committee is scheduled to resume its sittings on Monday, October 27. Various ministries, departments, and agencies to address infractions highlighted in the 2024 Auditor-General’s Report have been interrogated by PAC in recent weeks.


    Recently, the Director of Administration at Tamale Teaching Hospital (TTH), Dr. Emmanuel Sena Kwasi Donkor, appeared before the Public Accounts Committee after the A-G’s report suggested that the hospital paid salaries amounting to GHS 1,449,000 to a deceased staff member for a period of 26 months.

    Dr. Emmanuel Sena Kwasi Donkor affirmed the report, adding that the hospital has so far recovered GHS303,558.68 of the total amount.
    He explained that the banks previously handling the transactions had, through a letter, indicated that they had ceased processing them.


    “We were able to recover some amounts. Before we got here, we had received letters from some banks stating that they had stopped transferring the funds to the government chest,” Dr. Donkor told the Committee.


    He further urged Parliament to intervene and help the hospital recover the remaining funds. “Maybe at the end of this session, we will make a prayer to this House for the House to make an order directing those banks to transfer,” he said.


    Dr. Donkor revealed that his outfit has submitted the names of the individuals implicated in the act to the Economic and Organised Crime Office (EOCO)for recovery. “EOCO has written back requesting the files of the people involved, and we have submitted them,” he added.


    Meanwhile, Ranking Member Samuel Atta-Mills has raised serious concerns regarding the issue. “Habib Napare – date of separation was 2022. This guy had died. Didn’t you go to the funeral? And you validated this dead person for 26 months? And now you are coming to tell Parliament to do what?” Atta-Mills asked sharply,” he added.

    In the meantime, the Office of the Special Prosecutor (OSP) has released a fifty-page report covering investigations and prosecutions carried out between January 1 and July 31 this year.


    The OSP’s Seventh Half-yearly Report is pursuant to Section 3(3) of the Office of the Special Prosecutor Act, 2017 (Act 959). The document also outlines key developments in the Office’s operations.


    According to the OSP, despite resistance from powerful interests, it stayed focused on executing its mandate during this period. As such, the Office successfully progressed significant corruption-related investigations to the stage of court proceedings, while also initiating new inquiries into suspected acts of corruption.


    “Then again, the Office, as one of three implementing partners of the new National Ethics and Anti-Corruption Strategy and Implementing Plan, is fashioning and moulding anti-corruption structures that would stand the test of time. The task ahead remains formidable. Much more so is our resolve to perform.


    “This reporting period was characterised by intensification of the Office’s prosecutorial mandate. We advanced high-profile investigations to court and initiated bold inquiries into suspected corruption, often in the face of deep-seated resistance from entrenched interests.


    “Notwithstanding these expected challenges, the Office remains resolute and guided by the rule of law, fairness, firmness, evidence-based action, and the interest of the public. We recognise that the fight against corruption cannot be waged and won only through punitive action and incarceration,” parts of the report read.


    The legislative framework of the Office of the Special Prosecutor mandates the Authority to crack down on corruption, recover assets, and confiscate illicit property.


    “Indeed, the legislative set-up of the Office leans heavily on corruption-prevention and asset recovery and disgorgement of tainted property. Consequently, we proceed on sustainable anti-corruption outcomes by pairing enforcement with robust prevention and asset recovery, especially founded on our unique plea bargaining regime.


    In this spirit, the Office scaled up its preventive mandate through active engagement with public institutions, private sector actors, civil society- and secured convictions and asset recovery through impactful plea bargaining.

    “We also reckon that the nation’s anti-corruption legal framework requires re-imagination, modernisation, and retooling to address the immense scale and complexity of modern corruption in the context of our social, economic, and political constructs.


    “On this score, the Office has proposed the inclusion of a new chapter in the Constitution dedicated to the fight against corruption through definitive constitutional expression by the institution of proposed concrete measures to effectively and comprehensively suppress and repress corruption in public life as well as in the private sector chief among which include lifestyle audit non-conviction-based asset recovery, enhanced asset declaration and verification regime, and reverse onus presumption of corruption as the foundation of both anti-corruption criminal proceedings and civil asset recovery proceedings,” parts of the report added.


    The Office is also leading the charge in respect of the passage of a comprehensive Corrupt Practices Act and Conduct of Public Officers Act.


    Currently, sixty-seven(67) cases are being handled by the Office, all of which are undergoing comprehensive review. The corruption cases being investigated by OSP include: Minerals Income Investment Fund, Ghana Airports Company Limited, Ghana Education Service, National Commission on Culture, Ghana Revenue Authority/Tata Consulting Services, National Service Authority, Ministry of Health/Service Ghana Auto Group Limited, and National Cathedral.


    The others are: Tema oil refinery and Tema Energy and Processing Limited and the Electricity Company of Ghana Limited, State lands, Stool lands, and other Vested lands, Illegal Mining, National Sports Authority, Customs Division of Ghana Revenue Authority, Bank of Ghana and Estate of Kwadwo Owusu-Afriyie, alias Sir John.

  • Ofori-Atta to present 2023 budget in Parliament today

    Under fire Finance Minister, Ken Ofori-Atta will today, November 24, 2022, present the government’s 2023 Annual Budget Statement and Economic Policy to Parliament.

    This is a constitutional exercise to be carried out by the Finance Minister on behalf of the President, Nana Addo Dankwa Akufo-Addo.

    “In accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921) the Minister for Finance will, on behalf of the President, lay before Parliament the 2023 Annual Budget Statement and Economic Policy of Government on Thursday, 24th November 2022,” a statement from the Finance Ministry announced.

    The budget according to the Ministry of Finance will focus on government’s strategies to restore and stabilize the macro economy, build resilience and promote inclusive growth and value creation.

    The Ministry also said it will feature updates on Ghana’s engagement with the IMF for an IMF-supported Programme; year-to-date macro-fiscal performance of the economy; the YouStart initiative under the Ghana CARES Programme; climate action strategies; fiscal measures and debt management strategies to ensure fiscal and debt sustainability and promote growth.

    Mr. Ofori -Atta’s continued clinging to the Finance Ministry has sparked massive disaffection in recent times, with some 95 New Patriotic Party Members of Parliament asking for his dismissal.

    He is currently also going through a vote of censure probe by an 8-member ad-hoc Committee probing some 7 alleged financial malfeasance against him.

    The Minority Caucus has also accused him of financial dishonesty and pitched him against a missing $100 million crude oil revenue, which has been corroborated by the Public Interest and Accountability Committee (PIAC).

    Following threats by some Majority MPs to boycott the budget reading, the leadership of the New Patriotic Party subsequently stepped in to resolve the impasse.

    Ghana is currently seeking a $3 billion bailout package from the International Monetary Fund due to the current economic crisis. Negotiations are yet to be concluded.