It's been said that President Nana Addo Dankwa Akufo-"incorruptible" Addo's reputation has gotten the better of him, but MP Samuel Okudzeto Ablakwa says otherwise.
An Auditor General's report released in 2021 suggests that financial irregularities have risen from GHC12.8 billion in 2020 to GHC17.4 billion in 2021.
"The awful irony is that corruption is now completely out of control," he said as the Akufo-Addo government begins IMF bailout negotiations. GHC12.8billion in 2020 has risen to GHC17.4billion in 2021, according to the 2021 Auditor General's report.
However, officials have managed to create more loopholes by some additional 5 billion cedis in a free-for-all pillage instead of preventing the tremendous hemorrhage to improve our economic situations in this moment of severe cost of living crisis.
Ablakwa, Samuel Okudzeto, who has been keeping tabs on the current regime
Some of its expenditures have been criticized, particularly the contentious National Cathedral development.
GHC221.15 million was spent on illicit single-sourcing contracts by the Electricity Company of Ghana alone without PPA permission. Beneficiary firms include Adiepena 67 Enterprise, Cota-Q Enterprise, Mastermind B Venture, Kudirash Ghana Limited, Engineering and More, Nel Service Limited, and Bentry Company Limited, all of which names are quite intriguing in and of themselves.
Even though Finance Minister Ken Ofori-Atta failed to provide information on the COVID-19 National Trust Fund in his COVID-19 expenditure statement to Parliament two weeks ago, thanks to the Auditor General, we now know that GHS67,907,330.33 was received as donations from individuals and corporate organizations.
As a side note, the auditors have ordered the COVID 19 Private Sector Fund to reimburse GHS254,203.00."
This 746-page read has been deeply distressing. Ablakwa's post concluded that if we don't promptly, truly, and forcefully fight and defeat corruption and deliberate leaks in public financial management, no amount of IMF bailout would save us.
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