MMDAs mismanged GH¢70,173,645.97 in 2016 [Infographic]

MMDA’s wasted GH¢70,173,645.97 of DACF in 2016

The Management and Utilization of Common Fund and other statutory funds for the 2016 financial year are not significantly different from those of previous years. Management and staff of the Assemblies continued to violate rules and regulations, policies, procedures, and directives etc. which had been put in place to ensure the economic, effective and efficient management of public resources made available to MMDAs.

MMDAs are responsible for irregularities of GH¢70,173,645.97 for the year 2016 which represents a 32% rise of GH¢16,955,282.83 over the 2015 figure of GH¢53,218,363.14. The Auditor General Report (2016) revealed that; recurring internal control weaknesses and lapses under cash management, contract administration, procurement and stores management and tax administration are the major cause of these irregularities. However, most of the irregularities are due to cash management, about 47 % of monies that lost via the MMDAs is through cash management while the least is through tax administration (0.44 %).

Components of MMDA’s Irregularities

Irregularity Amount (GH¢) Percent (%)
Cash Management 32684459.2 46.58
Contract Management 26839675.97 38.25
Procurement & Store Management 10341200.67 14.74
Tax Administration 308310.13 0.44
Total 70173645.97 100

Refer to the infographic below for further details

 

 

 

 

 

 

 

Causes of the continuous increase in irregularities among MMDAs

Recommendations to curb/reduce irregularities among MMDAs

Credit: Moro Seidu |  iWatch Africa

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