• Home
  • About us
  • Our Team
  • Contact us
  • Privacy Policy
  • Login
Upgrade
TheGhanaianVoice.Com
Advertisement
  • Home
  • World
  • Politics
  • Business
  • Culture
  • Sports
  • Entertainment
  • Opinions
No Result
View All Result
  • Home
  • World
  • Politics
  • Business
  • Culture
  • Sports
  • Entertainment
  • Opinions
No Result
View All Result
TheGhanaianVoice.Com
No Result
View All Result
Home General News

Ghc 3.26bn Tax Revenue Missing From MOF, CAG And GRA Accounts – Auditor-General

Godwin Okine, Managing Editor by Godwin Okine, Managing Editor
September 5, 2022
in General News
0
Ghana Lost Over Ghc 1bn To Corruption, Irregularities At Ministries, Departments And Agencies In 2021 – Auditor-General
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

Ghc 3.2bn tax revenue has disappeared with no trace from the coffers of the Ministry of Finance, the Controller and Accountant General and the Ghana Revenue Authority, the 2021 Auditor-General’s report has uncovered.

The potential malfeasance was uncovered by the Auditor-General during the 2021 audit of public institutions.

The audit discovered that whilst the GRA and Finance Ministry reported a total tax revenue of GH¢57.43 billion, the records of CAG indicate a total tax revenue of GH¢60.69 billion.

This indicates that over 3Billion Ghana Cedis is unaccounted for between the three institutions.

“We observed significant differences in the revenue figures reported by CAG compared with the relevant government institutions during the validation of the revenue figures reported as follows: Direct and indirect taxes reported by CAG amounted to Ghc 27,709,806,120 and Ghc 32,979,232,570 respectively in the whole of government accounts compared with GRA reported tax revenue of Ghc 27,603,309,699 and Ghc 29,823,785,799 for direct and indirect taxes respectively resulting in government tax revenue totalling Ghc 3,261,943,192,” the report said.

This discovery is just the latest shocking expose from the 2021 Auditor-General’s report which uncovered waste and malfeasance at multiple government entities.

The report revealed the country lost over Ghc1bn through irregularities at Ministries, Departments and Agencies.

Approximately GH¢1,080,913,824 was lost, a colossal sum but a reduction on the 2020 figure of GHc 2,053,176,449.

The over Ghc1bn lost to irregularities fell broadly into a few categories – tax irregularities, contract irregularities, cash irregularities, payment irregularities, rent irregularities and total indebtedness/loans/advances due to the state.

The irregularities unearthed occurred as “either losses that had been incurred by the State through the impropriety or lack of probity in the actions and decisions of public officers or on the other hand, the savings that could have been made, if public officials and Institutions had duly observed the public financial management framework put in place to guide their conduct and also safeguard national assets and resources”.

Whilst uncovering multiple irregularities, critics have called for the Auditor-General to go further than that and lead the recovery of the wasted government revenue.

Source: theGhanaianVoice.Com

Tags: Auditor GeneralController and Accountant General's DepartmentGhana Revenue AuthorityMinistry of Finance
Previous Post

Elmina Fishing Harbour Construction on Course, 91% Complete-Transport Minister

Next Post

The Determination Of What Constitute Corruption Is Not In The Hands Of The President –Akufo- Addo

Godwin Okine, Managing Editor

Godwin Okine, Managing Editor

Godwin Nii-Armah Okine is the Managing Editor of theGhanaianVoice.Com and he is based in Tema, Ghana. Godwin holds a Bachelor’s Degree in Communication Studies (Journalism major) from the Ghana Institute of Journalism. Contact Godwin on [email protected]

Related Posts

Asawase Muslims prays for Muntaka Mubarak
General News

Asawase Muslims Hold Special Prayers Against Muntaka’s Political Detractors

by Kennedy Opoku
January 31, 2023
Ghana Irritates Me; I Give Up On It Everyday – Ace Ankomah
General News

Ghana Irritates Me; I Give Up On It Everyday – Ace Ankomah

by Honor Kwasi Tsali
January 30, 2023
Popular Gay Rights Activist Installed Development Chief In Central Region
General News

Popular Gay Rights Activist Installed Development Chief In Central Region

by Godwin Okine, Managing Editor
January 30, 2023
Ghana Police officers
Crime

Police Officer Interdicted For Leaving Gun In A Commercial Vehicle

by Kennedy Opoku
January 30, 2023
Charles Owusu on NDC reshuffle
Elections

You Don’t Have ‘Balls’ To Do Reshuffle In Your Govt But Complaining About NDC . . . – Charles Owusu Blasts NPP

by Kennedy Opoku
January 30, 2023
Next Post
Akufo-Addo on Chiana SHS Students

The Determination Of What Constitute Corruption Is Not In The Hands Of The President –Akufo- Addo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Sacking Ofori-Atta Will Disrupt IMF Negotiations – Akufo-Addo Tells Agigating MPs

October 26, 2022
Police Place GH₵100k Bounty on Techiman South Killers

Police Place GH₵100k Bounty on Techiman South Killers

December 9, 2022
BoG Raises Limit on MoMo Transactions

BoG Raises Limit on MoMo Transactions

December 24, 2022
  • Home
  • About us
  • Our Team
  • Contact us
  • Privacy Policy
Call us: +2332012345

© 2022 theGhanaianVoice - All Rights Reserved | Legal.

No Result
View All Result
  • Home
  • World
  • Politics
  • Business
  • Culture
  • Sports
  • Entertainment
  • Opinions

© 2022 theGhanaianVoice - All Rights Reserved | Legal.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In