Kan-Dapaah: MDAs lack accurate financial data for decision-making

Former Chairman of the Public Accounts Committee, Mr Albert Kan -Dapaah says the flagrant disregard for procurement rules and procedures in the country is a worrying trend.

He is concerned about the lack of functional accounting systems which enables MDAs capture their accounting transactions and also help them prepare financial statements.

“This therefore means that no financial data is available to guide managers for accurate decision-making during the year, and neither are year-end financial statements prepared as demanded by our Constitution and Financial Administration Act,” he added.

Kan Dapaah, addressing participants at the Sixth Annual Audit Service Accountability Lectures said, sole sourcing continued to be the preferred source of procurement while accounting regulations contained in the Financial Administration Regulations have been consigned to the back burner.

He claimed since 1993, the MDAs had not been able to submit to the Auditor-General prepared accounts of their financial transactions and economic events, a situation he described as unfortunate

The Sixth Annual Audit Service Accountability Lectures was o