The Auditor-General Report on Public Boards, Corporations and other Statutory Institutions has revealed that the management of the Ghana Export Promotion Authority (GEPA) has spent a total amount of ¢16.83 million on administrative and operational activities without any approved budget from the period 2017-2019.
It is therefore urging the Executive Secretary to seek retrospective approval from Parliament for the said amount spent to avoid disallowance and surcharge sanctions.
The report also noted during its review of cash management that GEPA received a total amount of ¢15.73 million from the Exim Bank for export development.
However, the funds were disbursed without any approved budget. It also found out that the Acting Director of Finance did not prepare and submit to the Auditor-General for validation and certification, the financial statements for the years 2017 and 2018.
The report, therefore, urged the Executive Secretary to ensure that the Ag. Director of Finance prepares and submits to the Auditor-General for validation and certification, the financial statements for the years 2017 and 2018.
Continuing, the report said management of GEPA did not prequalify four Travel and Tour Companies before engaging them in ticket transactions amounting to ¢316 million.
