The Auditor-General has discovered chemicals and fertilizers valued at GH¢23.9 million expired at the Ghana Cocoa Board (COCOBOD).
During the 396th meeting of the Board of Directors held on Tuesday, October 30, and November 2, 2018, the board approved that the debt should be written off.
The Auditor-General raised issues about the approval to write the debt off because management could not provide evidence of Parliamentary approval for the write-off of the value or loss from the books of account.
Section 53 of the Public Financial Management Act, 2016, (Act 921) states that the minister shall seek the approval of Parliament to write off a loss of or a deficiency in public funds or public resources.
The Auditor-General explained that failure to seek parliamentary approval could lead to unlawful write-offs from the books of the board.
These are contained in the report of the Auditor-General on the Public Accounts of Ghana: Public Boards, Corporations and Other Statutory Institutions for the period ended December 31, 2020.
The report, dated May 31, 2021, was signed by Johnson Akuamoah Asiedu, acting Auditor-General.
The Auditor-General, therefore, urged management to seek retrospective parliamentary approval for the write-off.
The report said in the event of failure to secure parliamentary approval, the value shall be recovered from the Board of Directors in accordance with Section 18(b) of the Audit Service Act, 2000, Act 584.
The Auditor-General also urged management to ensure that they seek parliamentary approval for all write-offs in the future.
“Management of COCOBOD will bring to the attention of the Board of Directors and liaise with the Ministry of Food and Agriculture for onward submission to the Parliament of Ghana for retrospective approval,” the management promised.
The British Broadcasting Corporation (#BBC) reports that a credible survey has revealed that a majority…
Vijay Prashad on why the US attack on Iran was illegal and why the attack…
The Minister for Education, Hon. Haruna Iddrisu, today announced a significant government commitment to bolster…
20th June, 2025- Accra, Ghana– “Professor Younge is not only bringing people to Ghana, but…
18/06/25 The Western Central Regional Police Command has arrested five suspects for armed robbery at…
Story by George Yawson Vineh The Africa University of Communications and Business (AUCB) in collaboration…
View Comments
Quality articles or reviews is the key to be a focus for the visitors to
pay a visit the website, that's what this web page is providing.
My site :: Buy Ozempic Online
It's actually a great and helpful piece of information. I'm satisfied that you just shared this useful information with us.
Please stay us informed like this. Thanks for sharing.
Thanks for your marvelous posting! I really enjoyed reading it, you can be a great author.I will make sure to bookmark your
blog and definitely will come back sometime soon. I want to encourage you continue your great job, have a nice weekend!
Woah! I'm really enjoying the template/theme of this site.
It's simple, yet effective. A lot of times it's hard to get
that "perfect balance" between user friendliness
and visual appearance. I must say you've done
a superb job with this. Additionally, the blog loads extremely fast for
me on Internet explorer. Exceptional Blog!
Heya! I just wanted to ask if you ever have any problems with hackers?
My last blog (wordpress) was hacked and I ended up losing several
weeks of hard work due to no backup. Do you have any methods to prevent
hackers?
Great post. I will be dealing with a few of these issues as well..
You are so interesting! I don't believe I've truly read through anything like
that before. So great to discover someone with some
original thoughts on this topic. Seriously..
thanks for starting this up. This website is something that is needed on the web, someone with a little originality!
Great facts, Thanks!
Hmm is anyone else having problems with the images on this blog loading?
I'm trying to determine if its a problem on my end or if it's the blog.
Any responses would be greatly appreciated.
What's up i am kavin, its my first time to commenting anyplace, when i read this post i thought i could also create comment due to this
brilliant post.