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Auditor General finds 25 financial irregularities at Cape Coast varsity

…As total infractions hit GHC5.46bn at end of 2019

The Auditor General has discovered that 25 instances of financial irregularity took place at the University of Cape Coast and its various colleges and subsidiaries as at the end of 31st December, 2019. 

Corruption Watch’s tabulation of the amount of individual irregularities shows that the infractions involve a total of GHC88,289,417.16. In addition, the amount constitutes 49.09% of irregularities recorded for institutions under the ministry of education. 

According to the Auditor General, “…the Vice Chancellor, Professor Ghartey Ampiah entered into a 10 year Build, Own, Operate and Transfer Agreement with KLEOS UK Ltd for the provision of information and communication technology (ICT) services at a cost of $300,000.00 per year totalling $3,000,000.00 for the contract period without seeking approval from the University Council, the Minister of Education and Public Procurement before committing the University to such financial obligation.” 

The “contract signed by the Vice Chancellor was only witnessed by the Director of ICT services Dr. Regina Gyampoh-Vidogah. Consequently, the Auditor General recommended that “the Vice Chancellor should submit the Build, Own, Operate and Transfer Agreement (BOOT) with KLEOS UK Ltd to the University Council, Minister of Education and Public Procurement Authority for approval, failing which the sanctions in section 92 (1) of the Public Procurement Act shall be applied.”

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Agyapa Deal Still Has Unanswered Questions; Suspend It For More Discussions – 22 CSOs

The alliance of Civil Society Organisations (CSOs) working in the extractive, anti-corruption and good governance areas have reiterated the call for the government to suspend the Agyapa Mineral Royalty deal for a further national conversation on it.
According to the CSOs, there are still “important questions that require a national conversation to be addressed.”

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Prof Stephen Asare: Agyapa Royalties deal just a gimmick to park debts off Ghana’s balance sheet

What Agyapa has been set up to do is to swap the country’s future cash flows from mineral royalties for immediate cash. It is analogous to going to the bank and taking cash now in exchange for your salary for the next x periods.

These types of transactions have several hidden costs.

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Is the independence of Auditor-General sacrosanct? – A critical review

The independence of the Auditor-General’s (A-G’s) office has become a hot topic in Ghana due to frequent removals and appointments by incoming or outgoing Presidents, and the recent clash of the A-G with the board and the board chairman of the Ghana Audit Service.

Importantly, due to the circumstances surrounding the appointment of the current A-G, the two main political parties have unfortunately become entrenched in ways beautifully described by a communication director of a major political party as follows: “They seek to undermine the constitutional office and mandate of the A-G by bringing in their usual NDC-NPP politics.”

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Ato Essien wants charges dropped, moves to refund ¢27.5m to state

The founder of Capital Bank William Ato is said to have begun negotiations with the Attorney General to have some of the charges brought against him dropped.

This was disclosed in court by lawyers for Mr Essien, Thursday.

According to the lawyers who led by Thadeus Sory, they are engaging the A-G based on section 35 of the courts’ act.

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