23.7 C
Accra
Friday, July 19, 2024
BusinessSSNIT pays contractor in excess of $36.8m

Date:

SSNIT pays contractor in excess of $36.8m

A total of GH283,778,072 22 worth of contract irregularities have been found by the Auditor General.

The Auditor-Department General’s stated in its report from 2021 that “they primarily pertain to the payment for construction projects not performed” at various public boards, corporations, and other statutory organizations.

- Advertisement -

According to the report, “an amount of US$36,890,553.79 (GH221,568,355) paid by the Social Security and National Insurance Trust (SSNIT) to a contractor in excess of work accomplished on a project is included in the irregularities total of GH283,778,072″.

“I consequently advised the managements to enhance controls over contracts,” the Auditor-General stated.

- Advertisement -

He also said managements of government institutions must “ensure that funds are available in order to engender the speedy completion of earmarked projects and ensure that payments are made for work done”.

Latest stories

I’m the solution to rescuing Ghana’s economy – Mahama

Former President John Dramani Mahama, flagbearer of the National...

Dampare’s authority as IGP diminished with Yohuno’s appointment – Security Analyst

Samuel Nana Appiah, a Security Analyst, has asserted that...

10 richest countries in Africa 2024

Africa, celebrated for its cultural diversity and varied landscapes,...

“Chairman Wontumi is a mad man” – Blakk Rasta

Broadcaster Blakk Rasta sharply criticized Chairman Wontumi's recent assertion...

You will extend Akufo-Addo’s term in office if you vote for Bawumia – Mahama

The flagbearer of the National Democratic Congress (NDC), John...

67% of Africans dissatisfied with governments’ efforts against corruption – Report

Afrobarometer's latest findings indicate that a significant 67% of...

Related stories

10 richest countries in Africa 2024

Africa, celebrated for its cultural diversity and varied landscapes,...

Producer Price Inflation increases from 23.6% in May to 25.9% in June

The Producer Price Inflation rate for June 2024 climbed...

Government launches GHS1m support for 5 Ghanaian SMEs

Five Ghanaian Small and Medium Enterprises (SMEs) have received...

Approximately 80% farmers not registered on govt PFJ Phase II – Report

The Peasant Farmers Association of Ghana (PFAG) has revealed...

Ghana Publishing Company launches first regional office in Kumasi

The Ghana Publishing Company Limited (GPCL) has opened its...

Next gov’t will have to begin another debt restructuring – CSJ

A finance expert and fellow of the finance pillar...