The Auditor General’s report has uncovered that a staggering GH¢61 billion in state funds is tied up with various companies and institutions nationwide.
Of this amount, GH¢57 million is owed by various metropolitan, municipal, and district assemblies, while the remaining GH¢5.6 billion is held by state-owned enterprises.
Appearing before the Public Accounts Committee of Parliament, the Controller and Accountant General, Kwasi Adjei, revealed that a committee has been formed to oversee the debt recovery process.
“This committee comprises officers from the Department of the Accountant General and the Ministry of Finance. They have obtained a list of all the indebted companies.
“Some of these companies are insolvent and no longer operational, but we will pursue those that are still solvent to ensure the recovery of the funds. For the insolvent companies, we will recommend a write-off to the Ministry and Parliament.”
Source: Adomonline
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