Minister for Government Communications, Felix Kwakye Ofosu has revealed more shocking findings about the 2024 Audit findings arrears left by the NPP government.
He revealed this on his Facebook wall
“Here are even more shocking findings of the audit into 2024 arrears.
Fictitious Debt of GH¢89.4 million – The then Ministry of Trade and Industry in 2024 submitted a request of GH¢89.4 million to the Ministry of Finance to be transferred to five commercial banks as government contribution to interest payments under the One District, One Factory (1D1F) initiative.
The Ministry of Finance subsequently processed same to the Controller and Accountant General’s Department for payment.
This particular request was part of BTAs sitting at the Controller and Accountant General’s Department awaiting cash for payment.
When auditors contacted these five banks to confirm the liability, every single one of them denied being owed any amount by government under the said arrangement.
According to the Auditors, the said GH¢89.4 million debt was fictitious. Without the audit intervention, a whopping GH¢89.4 million of hard-earned public money could have been disbursed to settle this non-existent liability.
Payment of GH¢10.5 million was recorded as having been made into an account named the “Buffer Account” at a commercial bank.
Upon verification, the bank confirmed that it had never received such payment. The account number cited did not exist within the bank’s records and did not even conform to its account numbering format.
The evidence from the audit pointed to a completely fictitious account.
As a result of these fictitious accounts linked to One District, One Factory payments, the entire 1D1F scheme requires a forensic audit which will be carried out soon. Moreso when Government is said to have spent GH¢391 million as its contribution towards 1D1F interest subsidies as at the end of 2024″, the Minister enumerated.
source:www.senaradioonline.com
