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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You are the same person commenting under different names but the problem is you are not wise enough to differentiate your writing style and not surprise because that's what the NDC Communication Team is made up. He is fixing the Economy that is why all the Stolen Money would be Return from NDC Coffers. All you know is to insult and attack but thank God it (the insults) sent you into opposition and you will be there for long.
DR Berwumia, use the law to ensure that all those monies are refunded back to the state coffers. Now you are in charge.
WHO DOES NOT KNOW THAT MAHAMA AND NDC ARE T--H--I--E--V--E--S.? DON'T COMPLAIN OF WITCH HUNTING WHEN THE TIME COMES.
His excellency has surrounded himself with a very strong team of experts. The corollary is that the Veep is not busy at all. Ano da ho na ekeka nsem aa....
You never grow. No need for complaints now. If that much money is missing, you don't get is from the media. You know where to go. The ball is now in your court. Find it and stop the crying. You are now the veep! Little cry baby
DR. BAWUMIA, IS IT THAT YOU CANNOT FIX THE ECONOMY AS PROMISED AND AS SUCH YOU STILL ENJOY THE CAMPAIGN BRUHAHA. THIS IS REALITY SO PLEASE WAKE UP. CAMPAIGN IS OVER. THE LIES AND PROPAGANDA IS OVER. GET TO WORK AND STOP THIS CHEAP POLITICS. WE ARE WATCHING YOU.
Massa, stop the politics and fix the economy. we did not vote you into power to continue with your politics. Election time is over so please wake up
...this guy is still doing amateur politics...very contradictory comments to what we heard from the senior minister, yes, the financials are not looking good and everyone know about, so fix it...the clock is ticking and Ghanaians can't wait...