A former President of the Chartered Institute of Taxation Ghana and a fellow of the Institute of Chartered Accountants Ghana, Mike Kofi Afflu has in a petition asked the Public Accounts Committee (PAC) to probe transfer of GHC 52.5 billion into an unknown account in 2022.
He explained that, the Auditor General demanded an explanation why an amount of GHC 52.5 billion was transferred from GCB Bank Plc into an unknown account.
This, he noted is contained in a letter dated October 5, 2020 from the Audit Service to the Managing Director.
Mr Afflu in his petition dated, August 11, 2023 addressed to the Chairman of the PAC stated that, “Since then, the Auditor General has not provided any explanation to the Ghanaian Taxpayer to explain:
- Where the money was transferred to
- Who authorized that amount to be transferred by the bank?
- Into what account was the money transferred
- Details of the recipient account and any related issues
He expressed worry as to why such huge sum of GHC 52.5 million which is equivalent to $ 9.1 billion per the exchange rate as at October 2020 could be sent to an unknown account.
He stated, “if this GHC 52.5 billion (From GRA Account) had been transferred to the Bank of Ghana as mandated by law, Ghana would not have gone to International Monetary Fund (IMF) for bailout of $ 3 billion.
He concluded by saying, Ghanaian taxpayers want to know who withdrew the money from the GCB Bank Plc and what it was used for.
Story by Nana Ama Nyamekye/Ahotoronline
