Ghana Audit Service — conducts special audits and financial investigations of government entities and state-owned companies, recently flagging discrepancies at Cocoa Processing Company and raising concerns about auditor independence.
… It also disputed claims that the NLA-KGL contract was costing the state between GH¢1 billion and GH¢3 billion annually, stating that figures published by the Auditor-General and Ghana Audit Service did not support that narrative. …
… The Ghana Audit Service, working in partnership with EY and PwC, was tasked to audit and validate GH¢68.7 billion in arrears and payables submitted by Ministries, Departments, and Agencies (MDAs). …
… The Ghana Audit Service, working in partnership with EY and PwC, was tasked to audit and validate GH¢68.7 billion in arrears and payables submitted by Ministries, Departments, and Agencies (MDAs). …
Seven employees of Cocoa Processing Company PLC have been interdicted following audit findings by the Ghana Audit Service, which identified an outstanding and unaccounted amount of GH¢4,373,355.04 linked to the operations of the CPC Consumer Cooperative Shop. …
Seven staff members of Cocoa Processing Company PLC have reportedly been interdicted following revelations in a special audit conducted by the Ghana Audit Service, which cited GH¢4,373,355.04 as outstanding and unaccounted for in relation to the operations of the CPC Consumer Coo …
… The Auditor General, Johnson Akuamoah Asiedu, raised these concerns at a ceremony to commission a new Ashanti regional office for the Ghana Audit Service in Kumasi. …
… The hearings have brought together key stakeholders, including officials from various Metropolitan, Municipal and District Assemblies (MMDAs), heads of public basic and secondary schools, and representatives from the Ghana Audit Service, who are required to respond to audit queri …
An analysis argues that while Ghana's new Value for Money Office Act addresses overpriced government contracts (estimated to cost USD 3 billion annually), the reform risks failing without a clear institutional process architecture defining when and with what authority each actor operates alongside existing procurement laws.
Why it matters
The new Value for Money Office Act requires institutional clarity to combat estimated USD 3 billion annual loss to overpriced government contracts.
An analysis argues that while Ghana's new Value for Money Office Act addresses overpriced government contracts (estimated to cost USD 3 billion annually), the reform risks failing without a clear institutional process architecture defining when and with what authority each actor operates alongside existing procurement laws.
KGL Technology Limited paid GH¢173,360,000 to the National Lottery Authority in 2025, equivalent to 3.86 times the combined payments of the 29 other licensed operators, which together remitted GH¢44,900,161.23. KGL's contribution accounted for 79.4 percent of the total GH¢218.3 million paid by all licensed private operators in 2025.
The Ghana Center for Democratic Development has called on citizens to demand transparency and strengthen accountability at the district level, particularly through Social Auditing Clubs using the Local Governance Act. The call was made during a training programme in Sogakope under the SARIS Project, which is funded by the EU and operates across 24 selected districts in Ghana.
At the IMF-World Bank spring meetings in April 2026, IMF Managing Director Kristalina Georgieva warned that global growth has declined from 3.4% in 2025 to 3.1% in 2026, with particular vulnerability for sub-Saharan African countries that import energy and have limited policy space. She cautioned that global public debt is on track to breach 100% of GDP by 2029, the highest level since 1948.
IMF Managing Director Kristalina Georgieva warned at April 2026 spring meetings that global growth declined from 3.4% in 2025 to 3.1% in 2026, with sub-Saharan African countries most vulnerable to negative impacts, particularly those that import energy and have limited policy space; global public debt is projected to breach 100% of GDP by 2029.
Seven employees interdicted over a GH¢4,373,355.04 financial discrepancy flagged by the Ghana Audit Service deny responsibility and claim they were not given fair hearing before interdiction. The workers allege the audit team failed to consult them and that management misinterpreted figures without reconciling them with internal ledgers.
Seven employees of Cocoa Processing Company PLC have been interdicted following Ghana Audit Service findings of GH¢4,373,355.04 in unaccounted amounts linked to the CPC Consumer Cooperative Shop, which accumulated debts for goods supplied and operated rent-free on company premises without paying utilities during 2023–2025.
Seven Cocoa Processing Company PLC staff members have been interdicted following a Ghana Audit Service special audit that found GH¢4,373,355.04 outstanding and unaccounted for relating to the CPC Consumer Cooperative Shop's operations during 2023-2025. The audit revealed the consumer shop, operated by workers through their unions, had accumulated indebtedness to the company for supplied products and allegedly operated rent-free without paying utilities.
Ghana Audit Service leadership has raised concerns that auditor independence is compromised because 70 per cent of audit operations are accommodated by the district assemblies they oversee, while only 30 per cent operate from independent offices. The Auditor General highlighted risks including undue familiarity and weakened objectivity while commissioning a new Ashanti regional office complex in Kumasi.
The Public Accounts Committee has directed the Coordinating Director and finance officers of Aowin District Assembly to refund over GH¢50,000 within 30 days after they failed to provide valid documentation for various expenditures flagged in the 2024 Auditor-General's Report, including unsupported amounts for rent, fuel, and missing payment vouchers.