Ghana loses GH¢4.5 billion due to irregularities in use of public funds

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I like the use of the term “irregularities” instead of corruption or embezzlement. C’est la vie!

Xklusives Portal

By Edmund Smith-Asante

Available figures from the Auditor-General’s Department indicate that Ghana lost GH¢4,559,976,756.76 within five years as a result of irregularities in public institutions.

Reports from the Auditor-General spanning 2008 to 2012 indicate a general trend in the rise and fall of the incidence of irregularities, with the periods 2008 to 2009 and 2010 to 2011 being noted for massive leaps.

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