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Staff of 3 state institutions to be prosecuted for misappropriating Covid funds

The Director-General of the Internal Audit Agency (IAA), Dr Eric Oduro Osae, has revealed that staff of three state institutions will soon be prosecuted for misappropriating Covid-19 funds.
According to him, the Agency is collaborating with the Economic and Organised Crime Office (EOCO) to fast track the processes for the prosecution.
Dr Oduro Osae was speaking at the Ghana Anti-Corruption Coalition public forum on the accountability gap in Covid-19 responses of Ghana.
He said in 2021, they started receiving internal audit reports from the internal auditors as far as the Covid-19 expenditure audit is concerned.
“We started reviewing them in 2021 and some of the expenditure areas were revealing. Areas where we have challenges we do a follow up. A team is sent to the field to go and validate.
“Those we think have criminal consequences, we would work with EOCO to prosecute them. I’m not allowed to indicate what we are doing or the level of prosecution but I can assure you that at the moment, we are working with EOCO to prosecute three institutions,” he disclosed.
He added that the IAA has already set up an audit report review panel to audit all Covid-19 spending.
“As far as the Internal Audit Agency is concerned, we continued to pursue and establish how total Covid-19 expenditure were spent and whether we are getting value for money.”
“The challenge with Covid-19 expenditure is that it is bothered by service delivery which we use financial audit. This won’t aid in us getting the needed results; we need a performance audit,” he stated.
Meanwhile, the Chairman of Parliament’s Public Accounts Committee, James Klutse Avedzi, said the House will continue to look into the infractions of COVID-19 expenditure and those found guilty recommended for prosecution.
According to him, persons involved in the misappropriation of the funds will not be spared.
“There is always a gap of a year or two between the time the report is issued and the time the Public Account Committee discussed the report. Covid-19 expenditure is something we did not plan for and in pandemic of this nature it’s an opportunity for some people to enrich themselves so it will be good to look into it and take it as a project to ensure that people don’t abuse the system”, he revealed.
The Minority in Parliament has filed a Private Member’s motion for an inquiry into the expenditure made by the government during the Covid-19 period.
The Minority Leader, Haruna Iddrisu; the Minority Chief Whip, Mohammed Mubarak Muntaka and Minority Spokesperson on Finance, Cassiel Ato Forson filed a motion to Alban Bagbin, asking for a bipartisan probe into the ¢8.1 billion expenditure by government.
That motion was admitted.
However, the First Deputy Speaker, who subsequently presided over proceedings in the House in the Speaker’s absence, dismissed the motion.
Currently, the Minority is readying to challenge the dismissal of their motion.
Explaining the Majority’s stance against the motion, Deputy Majority Leader, Alexander Afenyo-Markin, stated that the auditing of the Covid expenditure should be left to the appropriate state agencies to deal with.
On Wednesday, February 23, Speaker Alban Bagbin expressed dissatisfaction with his deputy, Joesph Osei-Owusu, for dismissing the motion and described the act as illegal and unconstitutional.
Source: www.myjoyonline.com
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GoldBod generates US$1.011 billion in forex from Gold trade in October

The Ghana Gold Board (GoldBod) says it generated US$1.011 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in October 2026.
According to the GoldBod, the entire amount was sold to authorised commercial banks through its GoldBod GoFX platform to support stability in the foreign exchange market.
In an announcement issued on Monday, November 2, the Board projected to generate US$1.2 billion in foreign exchange from its ASM gold trade operations in November.
It added that US$800 million of the projected amount would be made available to commercial banks to support foreign exchange market stability.
GoldBod said the sales would be conducted through its GoFX platform in line with the approved FX Sales and Intermediation Framework to ensure transparency, fairness and regulatory compliance.
The Board reaffirmed its commitment to generating foreign exchange for the country and supporting the Bank of Ghana’s foreign reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
By: Jacob Aggrey
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NPP opens applications for 2028 parliamentary candidates

The New Patriotic Party (NPP) has opened applications for members interested in contesting as its parliamentary candidates in the 2028 general elections.
In a statement issued on Thursday, October 29, 2026, the party said interested members must declare their intention to contest between Sunday, November 1, and Tuesday, November 10, 2026.
According to the statement signed by the party’s Communications Director, Dennis Miracles Aboagye, prospective candidates must complete an online form within the specified period.
The party said a non-refundable application fee of GH¢5,000 would be charged to each prospective candidate.
It added that all applicants would undergo vetting and screening to determine their eligibility to contest on the party’s ticket.
The NPP announced plans to organise capacity-building workshops for prospective candidates in December 2026. The workshops will be held across the Northern, Middle and Southern zones, with details of the venues to be announced later.
The party stressed that the guidelines would apply to all prospective candidates, including sitting NPP Members of Parliament who wish to contest again.
It further warned aspirants against starting campaign activities following the opening of the application process.
According to the statement, the existing directive prohibiting campaign activities remains in force until the party gives official clearance.
It cautioned that anyone who violates the directive would face appropriate sanctions under the party’s constitution and regulations.
The NPP said the process was designed to promote fairness, transparency and equal opportunities for all aspirants as it prepares to select candidates for all 276 constituencies ahead of the 2028 elections.
It urged prospective candidates to follow the guidelines and conduct themselves with discipline and respect for one another throughout the process.
The party said its broader objective was to strengthen unity within its ranks and rebuild public confidence ahead of the 2028 general elections.
By: Jacob Aggrey




