Auditor-General uncovers GH¢139bn overstatement of public debt

The Auditor-General has reported significant misstatements and weaknesses in the 2024 Whole-of-Government Accounts (WGA), including an overstatement of Ghana’s public debt by GH¢138.91 billion, as well as deficiencies in financial reporting and asset management.  The findings, contained in the Report of the Auditor-General on the Public Accounts of Ghana for the Year Ended 31 December […]

We’ve not apologised for GH¢138.9bn public debt overstatement – Audit Service

The Audit Service has denied issuing an apology for allegedly overstating Ghana’s public debt by GH¢138.91 billion in its 2024 Auditor-General’s report. A statement signed by Ama Awotwe-Bosumafi, Assistant Auditor-General, Public Relations Unit of the Audit Service, said: “There has not been any such apology or statement by the Office regarding information published in our […]

Overstated GH¢138.91bn public debt figure “no ordinary mistake” – Abena Osei Asare

Former Minister of State at the Finance Ministry and current Chair of Parliament’s Public Accounts Committee (PAC), Abena Osei Asare, has described the GH¢138.91 billion overstatement in Ghana’s public debt as exposed by the 2024 Audit report as “no ordinary mistake.” According to her, the revelation highlights significant institutional weaknesses in Ghana’s public financial management […]