August 14, 2017

The 26 month delay by the Bank of Ghana before crediting government’s accounts with some 3 million British Pounds budget support funding it received has met the wrath of the Public Accounts Committee of Parliament.

The honorable Member of Parliament for the Karaga constituency in the Northern region, Sualihu Dandaawa Alhassan, a Mmember of the Committee expressedshock at the Central Bank’s action.

According to the MP,the decision to delay the money does not augur well for Ghana’s efforts at reducingpoverty for the achievement of the Sustainable Development Goals.

This came to light when oficials of the Bank appeared before the public Accounts Committee to respond to queries raised against it in the 2015 Auditor General’s report.

It took 26 months forthe BoG credit GBP 3,691’430 out of GBP 6 millionit received on behalf of government meant for capacity building for poverty reduction strategy program in the country.

The MP has also urged government to attach much seriousness to issues concerning poverty reduction in the country.

By Christian Kpesese/