News:
June 28, 2012
Parliament has adopted the Public Account Committee’s report on the report of the Auditor General on the public accounts of Ghana (Pre-university Educational Institutions ) for the year ended 31 December 2005, a total 190 out of 552 representing 34% of pre university institutions failed to submit their annual account for the 2005 financial year.
Non of the 45 institutions in the Greater Accra Region complied with Financial Administration regulations, 2004 (L.I 1802) which demands that educational institutions must prepare and transmit to the Auditor General , the Minister for Finance and Economic Planning and the Controller and Accountant General their annual accounts.
The committee observed that the failure of the institutions to submit their annual accounts on their financial operations for audit inspection by the Auditor General makes it impossible for the auditor general to report the financial standings and the effectiveness of financial controls in the default institutions.
Presenting the report on the floor of the house on Thursday, the chairman of PAC Albert Kan-Dapaah stated that while the committee deliberated on the issue, it became apparent that most Heads of Pre University institutions were ignorant of what it takes to carry out effective management of their institutions even though they bear the automate responsibility.
He noted that as a result there is no complains with regard to the deadline for the submission of the annual account as prescribed by the financial administration regulations, 2004 (L.I. 1802).
He added that to ensure effective and timely monitoring of financial management and performance, the committee recommends that the ministry of education and the GES should impose sanctions on the accountants and heads of defaulting institutions in accordance with the provisions of the financial and accounting instructions for secondary schools, training college and educational unit.
The committee also recommends that the GES should ensure that the heads of pre university institutions are given busy training in financial management.
Kwadwo Anim/Ghanadistricts.com