Embezzlement at GBC �Over GH�31bn Expenses Cannot Be Accounted For

Financial accountability at the Ghana Broadcasting Corporation (GBC) has hit bad light again, with a revelation that a gargantuan amount of GH�3,154,308.26 in Administrative Expenses cannot be properly accounted for. The money, which represents Administrative Release to GBC by Government between 2005 and 2011, has been highlighted in pale ink by a recent interim report as money on whose use a full expenditure account cannot be traced. According to the Interim Audit Report by the State Enterprise Audit Corporation, the improper accounting for the over �31 billion happened under the tenure of embattled GBC Director of Finance, Johnson Kwabena Agyei. Mr. Kwabena Agyei, who served in that capacity during the tenure of the former Director General, William Ampem Darko, is currently on leave because of the audit exercise, whose interim report has revealed the loss of the over �31 billion. Last year, a petition to the GBC�s Management Board by staff of the State broadcaster�s Accounts Department had alleged that Mr. Agyei had embezzled the money. As a result of the petition, Mr. Agyei had been asked to step aside for independent audit to be carried into his administration. In the interim report, the State Enterprises Audit Corporation reported that release of GH�37,495.20 for 2006, GH�2,042,573.23 for 2007, GH�424,592.58 for 2008 and GH�266,472.45 for 2009 cannot be properly accounted for. According to the same report, 2010�s GH�220,561.27 and 2011�s GH�162,614.53 can also not be properly accounted for. Added up, these release come to GH�3,154,308.26.