Former President Nana Addo Dankwa Akufo-Addo
The Minister of Finance, Dr Cassiel Ato Forson, has disclosed that a special audit report he commissioned into the arrears and outstanding commitments left behind by the erstwhile Nana Addo Dankwa Akufo-Addo government has saved the country millions.
According to him, the audit report found that out of about GH¢70 billion of arrears submitted by the previous government, only about GH¢50 billion were legitimate.
He said that over GH¢10 billion of the arrears were rejected and about GH¢8 billion were still being reviewed due to a lack of proper documentation.
“The findings, Mr Speaker, are troubling and damning: Out of the GH¢68.8 billion payables submitted for audit, GH¢47.8 billion was validated as legitimate claims; GH¢10.4 billion in claims were rejected due to unsupported documentation, duplicate and recycled IPCs, inflated invoices, falsified stores receipts, and instances of no work done.
“Of this rejected amount, GH¢1 billion comprised Bank Transfer Advices that had already been approved and were ready for payment. Without this audit, those funds would have been disbursed, underscoring the importance of vigilance and verification. An amount of GH¢2 billion was reclassified from claims and BTAs to commitments,” he said during his presentation of the 2026 Budget and Economic Policy statement at Parliament on November 13, 2025.
He added, “Mr Speaker, an additional GH¢8.6 billion remains under review, pending further validation due to inadequate documentation, missing third-party confirmations, and lack of supporting contracts.”
BAI
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