The Public Accounts Committee (PAC) of Ghana’s Parliament has proposed that a forensic audit be conducted into the accounts of the Ghana Trade Fair Company Limited (GTFCL) after the committee failed in its attempts to uncover the mystery surrounding the whereabouts of Payment Vouchers (PVs) covering an amount of 349,000 Ghana Cedis in the accounts of the company.
The Committee Chairman, James Klutse Avedzi made the suggestion after the Committee had hosted a drama between the former and current leadership of the Ghana Trade Fair Company (GTFCL) who clashed over the whereabouts of the PVs covering the said missing amount.
The Public Accounts Committee had the reason to invite both past and present leadership of the company to appear before it to help unravel the mystery of the missing Payment Vouchers covering the period between the years 2011 to 2014, as was captured in the 2016 Auditor General’s Report.
While some of the officials of both the current and former leadership of the company insist the PVs covering those transactions are missing as a result of a burglary which occurred at the company’s offices in the year 2015, a retired accountant of the company insists otherwise.
The current Accountant with the company, Franklin Andrew informed the Avedzi led Committee that he could not trace any of the documents of recurrent expenditures for the company covering the period under review at the time of the audit.
However, a former accountant, Emmanuel Tieku Kyeremanten who was at post during this period under question, insisted that the PVs were in the office before he left the company in 2014. Rejecting the claim made by the immediate passed CEO, Dr. Ebenezer Knoney that the PVs were missing as a result of the burglary in 2015.
“Every transaction had a voucher covering it. At the time of leaving that office, there was voucher covering every expenditure so Mr Chairman, the vouchers should be there in the accounts office,” He insisted.
According to Mr. Kyeremanten, the company’s office was “legally” broken into upon orders by the then IT officer to switch on the air conditioners to cool the temperature of the computers in the server room and that there was no burglary in the general accounts office where the PVs were kept.
Meanwhile the former Chief Executive Officer of the company was also insisting that the accounts office was burgled and he had to personally report the case to the La Police station at the time but their investigation could not identify the perpetrators.
When it was put to the Former CEO that the whole story surrounding the burglary of the offices of the missing CVs was hatched to conceal the financial malfeasance in the company under his watch, Dr. Koney refuted the suggestion by indicating that he could not have invited the Economic and Organized Crimes Office (EOCO) to investigate the incident if he had masterminded it.
At the end of the hearing, the Chairman of the Committee suggested that since there seems to be more complex issues which demanded more scrutiny, the Committee would make a recommendation to Parliament to order for a forensic audit into the matter at the Ghana Trade Fair Company to bring finality to the issue.
In a related development, the Committee also directed the current CEO of the Ghana Trade Fair company, Dr. Agnes Adu to compile the list of all dismissed employees of the company, settle all their unpaid salaries within the next two weeks and report back to the committee on whether or not it is able to settle all the payments.
The directive was as the result of a complaint made at the Committee sitting on Tuesday, April 30, 2019 by a former Internal Auditor of the company, Richmond Odoi Brown who claimed he was unlawfully dismissed by the current CEO, harassed out of office and owed salary arrears of up to 21 months.
Source: Clement Akoloh||Africanewsradio.com