Alfred Woyome: Businessman's GH¢51m not captured in ministry’s account

This was disclosed in the 2016 Auditor-General’s Report.

The Ministry of Finance and the Controller and Accountant-General’s Department has failed to capture in their accounts the GH¢51 million judgement debt which was paid to the businessman, Mr Alfred Agbesi Woyome.

This was disclosed in the 2016 Auditor-General’s Report, the Daily Graphic reports.

According to the Controller and Accountant-General’s Department, Woyome’s money had been “disclosed in the notes to the Public Accounts, since our revenue policy requires that revenue is recognised only upon receipt”.

READ ALSO: Woyome damns ICC ruling, files fresh case at the African Court on Human and People’s Rights

Meanwhile, a $3.8 million judgement debt against Dunkwa Continental Goldfields Ltd (DCGL) that the country won at the International Chamber of Commerce (ICC) in August 2015 was also not reflected in the accounts of the Consolidated Fund.

On this, the report said: “The Ministry of Justice and Attorney-General (MoJAG) stated that the company could not be traced at their last official address. We have, however, disclosed the transaction in the notes to the Public Accounts.”

READ ALSO: Here's the transcript of court proceedings on Woyome's oral examination

But the 2016 Auditor-General’s Report on the Consolidated Fund said that in spite of the explanation given by the Controller and Accountant-General’s Department, the anomaly constituted weaknesses that must be addressed holistically.

The Auditor-General believed that since periodic monitoring and reconciliation among debtor institutions, Public Debt and Investment (PDI) and Debt Management Division, were done on an ad hoc basis, they were, therefore, not comprehensive to cover the state’s entire receivables.

This was disclosed in the 2016 Auditor-General’s Report. Read Full Story