Audio Attachment:Listen to Dr. Mahamudu Bawumia |
Seven billion Ghana cedis is missing from State financial coffers, Vice President Dr. Bawumia has revealed.
The Vice President, Mahamudu Bawumia, addressing a gathering at the Launch of the "Good Corporate Governance Initiative" at the Kempinski Hotel in Accra, was alarmed by the level of misappropriation that characterized the previous government.
According to him, as the new government makes preparation of the budget for the 2017 fiscal year; there's a huge concern regarding how the country's finances have been mismanaged.
He quoted that Ghana's economy could not thrive well without a proper economic data on the country's revenues and expenditure.
Dr. Bawumia therefore made a shocking disclosure that as the government "interrogated the data to see exactly why our public finances are in the state they are, we found out that there is GHC 7 billion of expenditures that have not been disclosed. And I'm talking 7 billion [so] in the year 2016 and these come from 2014, 2015, 2016."
"So, where have they been hiding all these years and how are you supposed to manage an economy with faulty data?" he rhetorically asked.
In view of this, the Vice President indicated that the government has implemented some measures to check the indiscriminate expenditure in the country.
"We've done a lot of Auditor General reports and they're gathering dust. And the reports have so much billions of cedis that need to be refunded to the State and we've not pursued a lot of these reports...So, I've asked for some work to be done.
"...we also need a lot of integrity. In the management of any economy, there's nothing that can beat the integrity of your economic data because it's with data that you plan. If you don't have data, you have major problems and this is why we really need to emphasize the integrity of data," he said.
He reinforced the need for accountability and transparency in State coffers, saying "we've been less than a month in office but we've taken some steps to accelerate the implementation of some measures to ensure accountability, transparency and integrity in the government. There's a lot more to do."
Source: Ameyaw Adu Gyamfi /Peacefmonline.com/Ghana
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Please please start arressting these ex NDC corrupt officials ,we back u up 100% and if they think they have mouth let them try and do demonstration ,THEY 'll never forget it in their godforbbiden rotten life's thinking they 'll enjoy their STOLEN property ,u 'll be laughing at the wrong sides of your mouth, Yes Bawumia is doing well by pointing out what mess they came to meet and all those responsible for those messups are going to vomit blood and spend longtime in prison come what may!!
NPP is delaying in arresting those akronfuo in NDC so they get mouth to talk, if by now they have been prosecuted and put behind bars, those babies with sharp teeth would have kept quite.
Some one tell Bawumia that the syllabus has changed for financial reporting. If he does not understand anything, he should just humble himself and let them teach him. The technocrats under the old administration are still around and not at war with those of the new administration. He should apprise himself with GIFMIS
WHEN BAWUMIAH SPEAKS NDC IS THREATENED AND BEGINSTO BARK LIKE A DOG
Mr. Competence, do you have to come to the media by all means to find answers! You can do better.
where is Osafo Marfo? please put him there, he know what he is supposed to do. This man is only carrying a title "Dr".
Why is that when anyone opposes what bawumia says, NPP people say they are attacking him. We have seen that he goofed big time without understanding how govt operations work. My pleasure is that President Akuffo Addo being a wise man has replace him with brainy Osafo Marfo. Proff Bawumia, go around and give speeches, the substantive VP Osafo marfo will do the work for us. I am also waiting for him to change the inflation and GDP calculations
Charley stop talking and do your work as a state man . politics is over.Stop this ***barred word*** game and try to fulfill your numerous promises. You know the system before you came. You people when in opposition kept on giving us the true state of the nation. You see now that your are in power you dont know what to do?. You would smell pepper.
Seriously, it is only those who don't really get what 7 billion new Ghana cedis is would comment childishly on this. Do you know what 7 billion Ghana cedis can do. It can satisfy one constituency $1 million dollars, it can satisfy one village one dam, it can satisfy free education for years and pay nurses and teacher training allowances, even to the extent of making our health insurance better. After all these, it can build libraries in every district for our children and we would still have excess to satisfy other sectors like and environment and co. God, you people commenting like babies should know there's a difference between 7 billion cedis(GHC 700,000) and GHC 7 billion (I can't even give its old cedis equivalence). Think about it.
Dr Bawumiaa, gerrout, Unnecesary campaign after election