Auditor-General Must Explain The Whereabout Of ¢52.5Bn– Accountant Petitions Parliament

A chartered accountant, Mr Mike Kofi Afflu has petitioned Parliament’s Public Accounts Committee to investigate the unexplained withdrawal of GH¢52.5 billion from government’s account at GCB Bank in 2020.

In a letter addressed to the PAC chairman, Mike Kofi Afflu stated that in 2020 the Auditor-General had called on the Managing Director of the Bank, in a letter, to explain why the money has been deposited into an unknown account.

However, after nearly three years, the Auditor-General has failed to provide an update on where the money was transferred to, who authorised the transfer, which account was it transferred to and who the recipient is, he noted.

“Mr Chairman, the USD/GHS average rate for October 2020 was 5.77522. The amount of GH¢52.5 billion was, therefore, equivalent to US$9,090,783. Mr Chairman, if this GH¢52.5 billion (from GRA Account) had been transferred to the Bank of Ghana as mandated by law, Ghana would not have gone to the International Monetary Fund (IMF) for the bailout of $3 billion,” parts of the letter read.

Mr Afflu, therefore, called on the Public Accounts Committee of Parliament to invite the Auditor-General to provide the necessary explanation to the committee and Ghanaians as a whole.

“We want to know who withdrew that amount of money from the GCB Bank Plc and for what. I am confident that your Committee will do a thorough job on this Petition please,” he added.

Meanwhile, a report on Graphic Online indicates that the chairman of the committee, James Klutse Avedzi, confirmed that PAC has received the petition.

Attached below is a copy of the petition