In a recent report released by the Auditor General's Office, concerning irregularities surrounding a contracting firm, Gumah & Sons, concerning their dealings with the Fisheries Commission, some concerning findings have come to light. The report, dated December 31, 2022, has revealed significant discrepancies in the financial transactions between the firm and the commission.
Initially awarded a contract worth GHS2.1 million by the Fisheries Commission, Gumah & Sons received an unexplained over-payment exceeding GHS2.8 million. This discrepancy has raised serious concerns regarding the lack of financial oversight and accountability in this transaction.
The report specifically highlights a breach of Public Financial Management Regulations, with an awarded contract of GHS2,133,995.48 ballooning into a payment of GHS2,829,436.00, resulting in an overpayment of GHS695,440.52. Further scrutiny revealed that 111 payment vouchers, totaling GH¢3,087,943.39 and disbursed between April 2021 and December 2022, were missing during the audit review.
In light of these findings, the Auditor General has recommended the initiation of recovery proceedings against the Head of Accounts. Emphasizing the importance of depositing the funds promptly into the AG’s Recoveries Account at the Bank of Ghana, the report warns that non-compliance risks direct recovery from the Executive Director.
These revelations underscore the critical need for enhanced financial oversight and transparency in government contracting processes. It is imperative that measures are put in place to prevent such irregularities from occurring in the future, and that those responsible for any financial discrepancies are held to account.
The Auditor General's Office plays a crucial role in upholding accountability and transparency in public financial management, and it is essential that their recommendations are carefully considered and acted upon to ensure the integrity of government transactions.
-By Neizer Gyamfi | Ghana Crimes
