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Following a joint audit and reconciliation of the Ministry of Finance, Ghana Revenue Authority (GRA), and Controller and Accountant General’s Department’s books, the Auditor General found that GH 3.26 billion in tax revenue was missing from the government account (CAGD).
Mynewsgh.com reports that the Auditor-General raised the red flag when he learned that CAGD records show a total tax income of GH60.69 billion, compared to the GRA and Finance Ministry’s declared amount of GH57.43 billion.
This suggests that between these entities, more than 3 billion Ghana cedis are missing.
The Center for Socioeconomic Studies CSS, a think tank, considers this to be a very serious issue.
“Between GRA/Ministry of Finance reports and CAGD records, there is some GH¢3.26 billion of tax revenue missing somewhere along the line in 2021. Who is actually understating or overstating the revenue figures for 2021?”CSS asked.
While GRA and Finance Ministry reported a total tax revenue of GH¢57.43 billion, the records of CAGD indicates a total tax revenue of GH¢60.69 billion. A difference of GH¢3.26 billion. Now, the interesting part is why the Auditor General decided to report it as an overstatement and not an understatement.
Do not forget the CAG is the “Chief Accountant” of Ghana so who is better placed to report the right figures? GRA or the “Chief Accountant” Independent checks by CSS from inside sources indicate the CAGD did their work and got their figures perfectly right. Their report was generated from collection records/reports from the GRA itself.” It added.
The 2021 Audit report has raised numerous concerns about abuse of the procurement processes and other accounting infractions that benefited individuals.
Numerous issues, including the misuse of the procurement procedures and other accounting violations that benefited specific people, have been brought up in the 2021 Audit report.
According to estimates, the government lost more than 20 billion Ghanaian cedis as a result of numerous corruption schemes and shady accounting.
NKONKONSA.com
