GHC25.5 million vanishes into thin air after government auctions 1,719 cars

A report emerging from the Auditor-General’s department has revealed that a total of GH¢25.5 million realized from the auctioning of 1,719 vehicles cannot be accounted for.

The report was published on Monday, July 22, 2019 and captured by YEN.com.gh.

“GRA could not account for a total of 1,719 vehicles auctioned between 2015 and 2017,” the AG’s report said.

“Our reconciliation of Commercial Industrial Bulletin (CIB) and payment of auction and allocation of vehicles per the GCNet system for the period reviewed disclosed that out of 2,388 sampled gazetted vehicles, 1,719 vehicles with an estimated total value of GHS25,500,000 were not accounted for, while the remaining 669 vehicles were disposed of at GHS8,894,187 per the GCNet impromptu system.”

The Attorney General stated that the procedure used in auctioning the remaining 669 vehicles for a sum of GH¢8,894,187 can’t be found.

The report said the Ghana Revenue Authority failed to provide relevant documents such as the Reserve Price list, Auction Sales Reports and Internal Audit Reports on the aforementioned auctions.

“…supporting the revenue of GHS8,894,187 in connection with the 669 vehicles auctioned, the GRA failed to provide us with the relevant documents such as the Reserve Price list, Auction Sales Reports and Internal Audit Reports. As a result, we were unable to ascertain the reliability and appropriateness of the auction procedures followed in realising the revenue reported.”