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PAC Criticizes CAGD for Failure to Recover State Funds

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Parliament’s Public Accounts Committee (PAC) has expressed strong dissatisfaction with the Controller and Accountant General’s Department (CAGD) over its performance in recovering substantial state funds.

 

During a session focused on the 2023 Auditor-General’s report on public accounts, the PAC raised serious concerns regarding the CAGD’s handling of state funds.

 

The report highlighted that GH¢61 billion in state funds remain uncollected, with only GH¢46 million successfully retrieved.

 

The Auditor-General recommended implementing a more robust tracking system to ensure all transfers are correctly recorded and easily traceable.

 

Mr Kwasi Adjei, Acting Controller and Accountant General acknowledged the Department’s shortcomings but emphasized that it operates under the Ministry of Finance and provides essential public financial management services.

 

He also noted the formation of a joint committee between the CAGD and the Ministry of Finance to oversee the recovery of the outstanding debts.

 

In related discussions, the Minister of Youth and Sports, Mustapha Yussif, and officials from the National Youth Authority and the National Sports Authority addressed queries from the Auditor-General.

 

Additionally, Aminu Issahaku Chinnia, Deputy Minister of Sanitation and Water Resources, represented the Ghana Water Company Limited and answered questions from the Committee.

 

The PAC’s scrutiny reflects ongoing efforts to enhance transparency and accountability in managing state funds across various sectors.

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