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IAA stops public officials from blowing Ghs387 million

A whooping Ghs387 million has been saved, prevented from going to line the pockets of public officials, following strong anti-corruption measures taken to seal financial leakages by the internal Audit Agency (IAA).

This involved making sure that there was discipline in the management of public funds and tackling the weak reporting and control system.

Vice President Dr. Mahamudu Bawumia, gave high marks to the Agency for the job it was doing to protect the public purse and said if internal auditors were supported to efficiently carry out their assigned task, there would be nothing for the external auditors to report on.

The Vice President was swearing in the new IAA Board at a ceremony held at the seat of government – the Jubilee House.

He said apart from saving the country millions of cedis, infractions by the ministries, departments and agencies (MDAs) as contained in the 2020 auditor general’s report, went down by 32 percent, that of metropolitan, municipal and district assemblies (MMDAs), 34 percent, the technical universities, 92 percent and for the district assemblies common fund (DCAF) and other statutory funds, 32 percent.

Vice President Dr. Bawumia spoke of steps to transform the internal audit agency into a service, so that there would be a shift of the pubic-sector internal auditing from conventional auditing to risk-based auditing. In line with this, they had started the process to repeal the Internal Audit Agency Act (Act658).

He underlined the government’s commitment to its resolve to adequately resource the anti-corruption institutions to perform – discharge their duties of checking theft of public funds.

The internal audit agency, which is one of the anti-corruption institutions has received significant budgetary support.

The Vice President said with support from the European Union (EU) the agency was developing audit information management system to automate public sector internal auditing.

He encouraged the new Board to do everything to bring down procurement and other acts of malfeasance.

Mr. Joseph Winful is the Chairman of the IAA Board. The Other members are Mr. Samuel Arkhurst Danquah, Dr. Eric Osae, Dr. (Mrs) Janet Ampadu Fofie, Mr. Frank Raji, Madam Edith Pinamang, Professor Kwame Frimpong, Mr. Christian Sottie and Mr. Fiifi Kwakye.

Content created and supplied by: KyeretwienanaOseiBonsu (via Opera News )

Agency IAA IAA Board Mahamudu Bawumia

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