News & Events
Gov’t cuts spending by GH¢1.5bn   
It Will Be A Waste Of Time To Appeal - Woyome's Lawyer   
I'm Happy Woyome Is Free...He's Not The First To Steal From State Coffers - Akua Donkor   
Occupy Ghana Demands $100,000 Payment From Oteng-Adjei For Keeping Luxury Vehicle   
450megawatts barges: Government likely to break April promise - ACEP   
I won't manage 'dumsor'; I will fix it - Mahama reiterates   
Unemployment Suffocate Ghanaians   
Customs To Destroy Over 2,000 Seized Used Mattresses   
Ghana ranked 3rd least corrupt African country – Report   
Gov’t secures lower than expected yield on 3yr bond   
Terkper: Gov’t disagrees with IEA’s dire economic projection   
Workers on circle Interchange embark on sit down strike   
Ghana’s Economy Heading For A Crash; Cedi Will Fall To GH¢6.00 To US$1.00 Soon   
Cheques Transactions Shoot Up To GH¢73 billion   
New Kotoka airport terminal to begin March   
Public Debt Reaches GH¢76.1bn   
Rot At MASLOC: 3 Officials Dismissed   
IMF team arrives to quicken negotiations on bailout talks   
MASLOC reacts to fraud allegations; condemns vilification by Daily Graphic publication   
Petroleum Ministry to talk Tullow out of plans to lay off workers   
Retiring workers immuned from second-tier Pension Scheme   
IMF team arrives in Accra on Wednesday as bailout talks near completion   
Plans to reduce petroleum prices in February uncertain   
Rot at MASLOC ; Operations director diverts GH¢1m to 2 financial firms   
Stop Overvaluing Cedi – Gov’t Told   
Speaker calls for urgent meeting; On disregard for financial laws by public institutions   
BNI recovers GH¢15m from indicted NSS officials   
Govt asks GNPC to fund power barges to minimise ‘dumsor’   
IEA decries current rate of govt borrowing   
2015 budget lacks bite -- Policy think tank   
Ghana’s Economy Heading For A Crash – Dalex CEO   
World Bank approves US$150m in support of higher education   
Ayariga: Black Stars deserve $25,000 bonus   
French Chamber of Commerce hosts experts to deliberate on economy   
Gov’t, IMF talk crude oil price fall   
Terkper bemoans lack of capacity of revenue agencies   
Ex-GREDA boss granted bail   
Export fund earmarks GH¢2m for startups owned by graduates   
MMDAs crucial in job-creation   
Provide subsidies to domestic industries -- GUTA President   
Reduce Fuel Prices Further – GUTA To Gov’t   
Dumsor: 90 megawatts diesel plant to serve mining sector   
Ghana earns $2.5b from exports – Report   
Ghana Integrity Initiative forms Auditing Clubs in Upper East   
No strong CSOs in Ghana to hold govts accountable   
Prez Mahama rallies ECOWAS to meet timelines for adoption of single currency   
Step up revenue collection performance – Terkper   
Revealed: Housing project behind SIC troubles   
SIC to fold up over GH?91m debt?   
Taskforce seizes 410 pieces of textile   
Bawjiase Home Boss Freed   
Court to rule on motion by BoG on February 16   
New ‘Dumsor’ timetable out …As ECG plans predictable power supply   
Passengers opt for Kotoka …as service providers increase investment   
Sports Ministry not involved in flying fans to Eq. Guinea – Ayariga Mahama Ayariga   
AGI demands timelines on dumsor …as manufacturing sees negative 8% growth in 2014   
Ato Ahwoi to chair Ghana Infrastructure Investment Fund   
GETFund to improve infrastructure at Kpembe Health College   
SIC boss sacked   
"WAEC Must Investigate Fraud Allegations"   
Efficient ADR practice in private sector good for investor confidence - Judge   
Quality Education; Key to National Dev’t   
US Tilapia, owner, ordered to pay customers GH¢740,000   
‘Let’s pay more attention to SMEs’   
Cape Coast MCE charged with contempt   
Don’t omit IMF discussions in 2015 budget – Minority   
NPA rules out reduction in fuel prices   
Consultant on reconfigured Parliamentary Chamber block “runs” for the fourth time from media and fails to attend a scheduled press conference   
GFA Refunds World Cup Cash To Government   
GHS60, 000 seed fund for Ghanaian ‘Digital Entrepreneurs’   
Reveal true state of economy   
We’re mindful of safety, security at Atuabo Gas   
GNPC defends $700m loan   
‘Check siting of gas stations in densely populated areas’   
Apology of a road! …toll booth amidst potholes on Amrahia-Dodowa Road   
Court warns Woyome’s followers   
NCA asked to come up with guidelines   
SSNIT owns 40% in West Hills Mall   
‘Manholes’ take over roads; asphaltic overlays for five cities   
CAGD gives final deadline to ‘zero account’ employees   
ECG cuts power to Kumasi Poly over GH¢3 million debt   
‘Involve AGI in discussions with IMF’   
AngloGold denies sacking 5,300 workers   
Parliament has no respect for local furniture producers — AFAG   
Take advantage of opportunities on global market - Jospong boss urges local entrepreneurs   
'Ban On Rice Import Will Cause Shortage'   
Committee reviews cost of Ghana Gas office complex   
Court turns down Woyome   
New Parliament Chair Broken   
3 Families petition Judgement Debt Commission   
ADB supports 'Invest in Africa   
DVLA launches electronic road worthy sticker   
Inadequate funding hampers work of Public Interest Committee   
President Mahama launches Secondary Education Improvement Programme   
Afriyie-Ankrah’s World Cup Account Under Forensic Audit   
Agona East MP institutes loan scheme   
PIAC angry at Ghana Government For blowing GHc300m oil cash over ghost road projects   
POTAG urges govt to pay research allowance else...   
We won’t call off our strike – Labour insists   
‘Tax regime in Ghana weak’   
Ban on rice imports a bad move   
Institute of Human Resource Management visits Employment Minister   
US Tilapia boss granted bail   
‘Dumsor’ booms phone charging business   
Bukina Faso unrest: food shortage likely to hit Ghana   
Job creation through public private partnership projects   
Of strong dollar, sluggish global growth and sloppy financial markets   
Pension funds accrue GH¢2.1bn   
12 Unions agree to talks in spite of court action by govt   
Biogas project to add 600MW power to national grid   
Coalition supports workers’ demands for good pension   
Financial system not well understood   
Producer price inflation sees marginal decrease   
AdMA takes steps to recover levies   
Africans Need Financial Freedom - Barclays Report   
Give more powers to Public Accounts Committee - Says Ghana Integrity Initiative   
Guinness Ghana donates water, sanitation facility to Akropong School for the Blind   
Strike cripples public service as govt, labour meeting ends inconclusive   
Woyome defends payment of GH¢51.2m   
Private health insurers virtually unregulated   
Spio chairs Promotion of Made-in-Ghana Committee   
US modifies Ebola guidelines after quarantine uproar   
35,000 Beneficiaries owe Students Loan Trust GH¢78m   
Govt Sues Striking Workers   
Korle Bu interim audit report not ready - Audit Service   
Northern regional prisons command calls for assistance   
Pension Fund Trustees support workers' call for individual scheme managers   
Study: Judgement debt payments equal size of agric budget   
5 ministries waste 246.5 million Ghana cedis in 3 years   
Domestic Airlines Angry Over Kumasi Airport Closure   
MMDAs Still Violating Financial Regulations   
Strike Action Affects Schools   
Case between Rawlings, Danso-Boafo: Terms of settlement to be known Oct 24   
Court rules on Takoradi port expansion case Friday   
Mahama optimistic of economic transformation   
Poor investor education affects capital market growth - SEC   
Upper West ICU deplores conditions at workplaces   
50 houses to go down at Kasoa to make way for new road   
Accept we have challenges   
Health worker drags Coca Cola to court   
Public sector workers declare strike over 2nd tier pension   
We're in process of responding to audit queries - Korle Bu CEO   
Audit report orders 3 top ex-Korle-Bu officials to refund GH¢966,000   
‘Refererring accountants to ICAG for sanctioning’   
Atuabo Gas Processing Plant ready in Q1 2015   
Ghana’s envoy in Japan recalled over gambling saga   
Total's CEO dies in Moscow plane crash   
Africa set to switch on gas-to-power potential   
Gas-flaring could extend beyond deadline   
Govt holds fruitful discussions with IMF   
Gov't cuts sod for 1,000 megawatts Estuary project in Ada   
Ghana needs $120m within weeks to abate load shedding   
France lauds Ghana for turning to IMF for support   
IMF returns in Nov. for 3rd round of talks   
Nkoranza Municipality seeks more revenue   
PURC to offer cheaper electricity to industries   
Ghacem pays GH¢ 3.7m dividend to govt   
Judgement Debt Commission to end public sitting October ending   
Widespread corruption in some district assemblies; Two committees recommend reposting of personnel   
NSS fraud: Alhaji Imoro remanded by court   
Our democracy encourages waywardness in public office   
September inflation 16.5 percent, a 4-year high   
Use IMF bailout to save economy from further troubles - Nduom   
Govt asked to declare stance on Obuasi mines   
Retired Chief Director petitions commission over unpaid claims   
Teacher caught with 17 ECG prepaid meters   
Tema workers threaten to block BDCs   
Exclude parliament from load shedding – Dep. Public Affairs Director 'begs' ECG   
Minority questions ‘propagandist’ increment in cocoa price   
Ebola suspect: Traveller from Ghana wrapped in plastic in Czech   
We want our second-tier pension deductions — POTAG   
Oil price down again on growth fears   
Mahama begs EU to release funds to Ghana   
CSD appeals for dematerialisation of share certificates   
Dr. Kpessa Whyte to head NSS temporarily   
African gov'ts urged to focus on the continent for FDI flows   
Financing of NHIS very innovative — Health expert   
Somali capital gets first cash machine   
Corruption situation at tipping point - CJ   
Govt to appoint interim director for NSS this week - Okudzeto   
Mahama summons ministers, appointees over IMF deal   
Throw Auditor General’s ‘NSS Farm’ Report Into Dustbin – Kuagbenu   
We will deal with non-SSNIT contributors later – Accountant General Dep’t   
Youth Mad At MCE Over Abandoned Hospital   
GH¢3.2bn lost to tax exemptions   
Govt’s borrowing unacceptable — Kotei Dzani   
IMF to decide 2015 budget focus   
Rot at NSS: BNI vets all payment vouchers   
U.S. working on new screenings for Ebola but no travel ban   
4 Before court for stealing Ghc823,120 from public funds   
Reverse new utility tariffs now – TUC demands   
South Africa public service unions join in 15 pct pay rise demand   
Tanzania to ban public officials from holding private sector jobs   
Monday, Oct 6 is public holiday   
Boosting Shared Prosperity Is Key To Tackling Inequality, Says World Bank Group President   
Rot at National Service Scheme; About GH¢7.9m paid to ghost personnel in a month   
You are not treating me fairly – Nyantakyi lashes out at Presidential Commission   
'Blows' At IMF Meeting...   
Energy Minister inaugurates rural electrification projects   
France to hit EU budget deficit target in 2017   
Gov’t exceeded borrowing limit in 2012   
IMF Bailout: Don’t remove subsidies – ISODEC   
IMF bailout: There won't be job cuts – Gov’t reiterates   
Presidency receives petition to remove CHRAJ boss   
Dr. Henry Wampah, Governor BoG   
Economy prospects bright despite IMF reservation - Govt   
Government to establish two gold refineries   
Cedi recovering against major currencies   
German Development Bank enlarges portfolio in Ghana   
IMF programme takes off in January 2015 - Prez Mahama   
BDCs talk tough ...on debt recovery   
Exposed: NIA Conspires with IMS As it hands bigger deal to a private company IMS: despite its failure in a previous contract.   
UN Team on Ebola arrives in Accra   
IMF loan useful to bolster economy – Mahama   
MP petitions Mahama to sack CHRAJ boss   
Prez Mahama explains IMF engagement   
Mahama meets with US/Ghana Chamber of Commerce delegation   
I can’t say when ‘dumsor’ will end – Energy Minister   
Ghana Sues Cote d’Ivoire Over Maritime Dispute   
Let’s work hard to achieve single digit interest rate – AGI boss   
Creditors are threatening to cause my arrest – Headmaster   
Ebola could wreck West Africa economies, warns World Bank   
ECG to release load shedding timetable today   
Ghana FA clarify receiving double payments for friendly matches   
COCOBOD demands best practices from buying companies   
Debt levels worrying, but sustainable -- Terkper   
Government Institutions Must Emulate COCOBOD – Tekper   
WC Probe: GNPC demands accountability from GFA   
Policy rate to remain at 19%   
Abantu report identifies gender gaps in the oil and gas sector   
Bankers endorse IMF intervention   
CHRAJ boss accused of wasting $180,000 on rent   
Cocobod signs $1.7 bln loan for 2014-15 cocoa season   
Decision time…Gov’t, IMF bailout talks start tomorrow   
Employment freeze to be reviewed – Terkper   
IMF talks: Botchwey not undermining Mahama’s trust in me – Terkper   
Cedis fall is artisans gain – Ghana Chamber of Commerce   
Chinese Bus Company to build $100m plant in Ghana   
Ghana prices third Eurobond   
Labour Union claims challenges with tier two pension scheme   
‘Revolution’ at Finance Ministry   
GCAA accused of blowing cash on Board Members   
Oil Companies Debt Of GH¢1bn Cause Petrol Shortage At Pumps   
Going back to IMF will boost investor confidence - Terkper   
TOR to be transformed into world class facility   
Afriyie Ankrah defends ‘Cedi turns dollar’ saga   
Gov't to have NO control over management of new airline   
Leapfrong To Inject GH¢375m In Financial Services Sector   
The cedi will bounce back soon – Sipa Yankey   
Kwesi Botchwey Leads IMF Talks   
Chamber Of Commerce Worried Over Rising Production Cost   
President Sacks 4 DcEs   
Tamale airport expansion begins today   
The application of science and technology in production systems: What the Senchi Concensus overlooked   
Electricity tariffs to go up again   
Gov’t names CEO for Tamale Teaching Hospital   
More electricity next year; 2 new power barges being built   
Ghana Can't Issue Licences as Equipment Malfunctions   
Ghana: Police/NCA/MTN Collaboration Leads to Simbox Fraud Arrests press release   
We didn’t spend GHC40,000 on birthday – Tema MCE   
'Public Companies Not For Gov't'   
Bail-out won’t work -- Chamber of Commerce boss   
Farmers Want Government Support To Combat Fruit-flies   
Ghana To Tax Bottle Water   
Salt producers beg gov’t for US$5m   
4 Million jobs created in sachet water trade   
Forex rules were good, timing was bad - Finance expert   
Singapore gov't to train Ghanaians in oil and gas   
Solutions to graduate joblessness   
Solutions to graduate joblessness   
Bank of Ghana lending to gov’t 'abnormal'   
High demand for Ghanaian honey in Turkey   
MoFA receiving 2014 Farmers Day donations   
Polytechnics to finally resume this week   
$200 million nationwide affordable housing project rolls out by December   
Manufacturers raise prices rapidly   
Set Up Payments Council - Report   
Ghana bans tilapia imports   
IMF's Christine Lagarde 'under investigation'   
New regulation on imports to take effect from October   
'Corrupt' DCE sacked after Audit Service exposé   
First Global PPP Conference ends   
Kan-Dapaah calls for accountability in public service   
POTAG calls off nationwide strike   
Rewrite financial investment rules   
Lack Of Accountability Among Reporting Agencies In Oil Revenues ...Auditor-General, PIAC, BoG, Finance Ministry Must Wake Up   
Liquid waste collectors refuse to honour court order   
POTAG adamant over wage freeze: dares minister to do her worse   
‘Gov’t Must Support SMEs’   
Cabinet releases €37m for new polyclinics   
Ghanaian Oil Industry Staff Among Lowest Paid In The World - Report   
Internal Auditors Hold Forum   
Audit Proceeds From Seized Mining Equipment   
Ghanaians Need A Proper And Public Audit Of Voter’s Register   
Gov’t Asked To Increase Tax Incentives   
Internal Audit Agency to hold 9th Annual Internal Audit Forum   
Miners Cry Over High Cost of Power   
Lasting fiscal discipline needed to consolidate IMF bailout   
STATE OF GHANA'S ECONOMY....Reuters & FT Lied Says Gov't   
Gov't To Import Timber   
US 4323m Accra Eco-Park project nears take-off   
COX OIL to build $ 600 million oil refinery   
Infrastructure spending to more than double to $9 trillion annually by 2025   
World Bank to boost electricity generation in Ghana   
Business confidence at record low   
PPP Calls On President Mahama To Retrieve Woyome's Money And Prosecute Collaborators   
Pressure Piles On Barton Odro To Resign…As Anti-Corruption Campaigner Joins The Fray   
‘Blame Economic Mess On Gov’t Mismanagement’   
Anglogold Ashanti's Obuasi Gold Mine 'Certified'   
IMF Bailout Will Stabilise Cedi - Finance Minister   
Gov’t To Issue 3rd Eurobond By End Of August   
BoG ordered to respond to cedi case   
Finance Minister: We Need To Exploit The Oil Sector Well   
Ghana's Gas' Compensation Too Little - Report   
Investor expressed interest in Wa Airport   
Supreme Court to hear cedi case   
Ghana's International Reserves Fall   
Gov't Paid GH¢4,397m Interest On Loans   
Gov't Pins Hopes on Cocoa Loan - To Arrest Cedi Fall   
Fuel Pricing Structure To Be Reviewed – Terpker   
Government Targets $5 Billion Export Revenue By 2017   
Head-teachers borrow for gov’t …the sorry state of public basic schools   
Committee clears MCE of financial misconduct   
Mid Year Review and Supplementary Budget   
PwC to advise on national airline   
BoG drops plans for longer-term debt as cedi plunges   
Ghanaians angry over fuel price increment   
Don’t panic: There is fuel in stock – NPA assures   
Exhausted Wampah demands Terkper’s action   
Pharmacists want NHIA funds released   
UG Medical School TEWU declare indefinite strike   
ECOWAS will create a prosperous life for citizens – Mahama   
Ghana’s public debt hits 58.4 billion cedis   
Pay all outstanding arrears owed GETFund – Court orders Finance Ministry   
GCCI sacks 3 of its regional executives   
Let's not play politics with the economy - Abodakpi   
National Insurance Commission hints at sanctions   
Union says no to re-introduction of 17 ½ VAT   
Free Sanitary Pad is to Prevent School Dropouts - Education Minister   
NPA Calls for Realistic Fuel Prices   
NPA Calls for Realistic Fuel Prices   
Turkish Firm to Invest in Ghana   
GhIPSS to introduce instant interbank payment system   
Ghana courts IMF assistance to fix budget deficit   
Ghana investigates alleged forgery of Energy Minister's signature by Canadian firm   
SADA broke procurement laws in award of 32.4 million afforestation contract to ACI-Audit Report   
Cop, three others jailed for underground cables theft   
Minimum wage negotiations in limbo   
Uganda Wants India’s Help To Boost Energy Sector   
Woman 36, arrested with $650,000 heroine at Kotoka   
Government to pay GH¢197.5million judgment debt   
Modern abattoir for Ofinso Municipal Assembly   
Nigeria Pays U.S.$10 Million to Ghana for Failure to Meet Gas Supply Agreement   
‘Contract between Bost and Nigerian firm illegal’   
Anas Documentary: Indicted officials will be arrested - Dzifa Attivor   
Health Ministry replies Minority on Ridge Hospital Project   
Importers given 3 days to clear goods at Tema port   
Prosecution begins in GHC 700m cedi bonded warehouses scandal   
Ridge Hospital; The Most Expensive On Earth – K.T. Hammond   
Driver's license racket booms -Tiger Eye investigations reveal rot at DVLA   
KNUST students develop mobile phone app for fufu   
Kwabena Agyepong involved in an accident   
SADA Board Chair Alhassan Andani is clearly in conflict of interest - Prof. Attafuah   
SADA breaks silence on GHc74 million investment account   
Banks ready to shore up reserves   
ECOWAS Brown Card seminar held at Sogakope and Aflao   
Hon. Terkper leads Gov't Delegation to the 2014 IMF/WB Meetings   
Yankey leaves for Internal Auditors Conference in Uganda   
Accountability is a constitutional requirement - NGO   
ECG to cut energy to ministries   
Full text: Seth Terkper's Policy Statement on the Ghanaian Economy presented to parliament   
VRA in talks with other gas suppliers to ease power generation problems   
Energy Crisis To Continue Until 2016   
Nigeria could become Africa's biggest economy   
Osagyefo Barge: Ghana ‘not down and out’ - Attorney-General   
Zimbabwe FA Turns To Farming To Fund National Teams   
Global Economy - Major economies end first quarter on weaker note   
IMF warns Ghana against over-reliance on foreign capital   
Load shedding extended for two more weeks   
President leaves for Brussels   
Gov't Agencies to face Sanction for Overpayment of Salaries   
Nationwide E-Salary Payment Voucher in June   
Over 50,000 people still owe SSNIT   
UNIDO to support Ghana's industrial development   
Analysis: Ghana's poor bond performance   
Bawumia: Ghana's economy in crisis; $20 billion squandered by government   
EDAIF approves over GH¢55 million for businesses   
Sandra is New Head of Public Relations   
Fuel crisis threatens power target   
GMA/GACC introduce short code for reporting corruption   
IMF Technical Assistance Centre Opened in Accra   
BoG to review some foreign exchange measures   
Deal with canker of corruption – ICAG President   
Take No Bribe   
Banks in race against time to upgrade ATMs   
Employers flouting pensions law   
New security software to check fraud   
Stop this 'beggar' economics now -- Kofi Amoah   
Bribery and corruption takes over KATH   
GCB budgets GH?1m toward 2014 World Cup   
Prof Stephen Adei slams Mahama et al   
Tema Motorway expansion talks ongoing -- Mahama   
Bear with us: Energy Minister in Nigeria to discuss gas supply   
Ghanaians asked to demand accountability for management of internallygenerated funds   
State fails to challenge Woyome's claim of 'no case'   
Tema Motorway: 30,000 cars pay tolls daily but no facelift   
Education To Receive More Funding—Prez Mahama   
Govt to deal with graduate unemployment - Prez Mahama   
Govt to set up bauxite, alumina industry in WR   
Keep calm, load shedding is 'temporary' - Prez Mahama   
February Inflation Records 14%   
Ghana Struggles In Fight Against Corruption   
Investors rally to finance new Ghana Commodity Exchange   
MPs Bribery Saga: Ken Agyapong Admits: "They Always Give Us Envelopes"   
Finance Ministry releases funds for 2014 District Assembly Elections   
Ghana Red Cross Society in Financial Crisis   
Transparency scares away local firms from GSE   
Defer full implementation of Single Spine to save economy - Akoto Osei   
Private sector expects too much from gov't - Seth Terkper   
Switzerland provides $2.4 million support to Ghana’s Pension Reforms   
Terkper appeals for UN economic assistance   
Emerging economies lead climate action, globe study finds   
Free Zones excused from new BoG FX   
Ghana must raise its game -- says IMF   
Association of Shareholders on Stock Market holds meeting   
Ghana Revenue Authority awards taxpayers, staff   
Producer Price Inflation hits 23.3%   
Goldfields suspends projects due to financial difficulty   
President to address currency crisis in 'star economy' Ghana   
Scale up interventions to meet MDGs-Dep. Minister tells   
Tema Chemicals To Sack 400 Employees   
Behavioural change needed to attain MDGs   
Ghana can't be rich selling crude oil - Otabil   
Govt will strengthen capacity of GAF to support economy   
National Tripartite Committee discusses minimum wage   
Sunon Asogli to add 1,560 megawatts power   
Minister directs GWCL to stop shutdown of Kpong treatment plant   
Roll out the National Economic Dialogue – YED tells govt   
UG Vice Chancellor slams goverment's shady stance on contentious road tolls   
Evaluation of Chief Director Commences   
Ghana lags in Mobile Money adoption - Research   
Microfinance company closes down…clients cry foul   
Gold Fields Production And Cost Performance Improve   
IMF team in Ghana to assess and gather data on the economy   
Inflation Continues to Rise   
Top Ecobank executives call for CEO to stand down   
Water Crisis To Deepen In Accra, Tema   
BoG to inject millions of dollars into economy this week   
Dr. Nduom: The Economy, The Cedi - What To Do, What Not To Do   
NLA, VAG Tussle Over License   
Prices of petroleum products unchanged for next two weeks   
Delays in funding, cause of Accra flooding,AMA Mayor, Dr. Alfred Vanderpuiye   
Gov't Considering Import Bans   
Man in the dock for operating bank without permit   
MoH Releases GH¢ 102 For NHIS Service Providers   
Four cities to be upgraded for economic development   
Ghana: Kumasi to Receive Business Delegation From France   
Promotion Of Public Private Partnership To Reduce Pressure On Limited Government Resources   
Wage rise will worsen economy - Terkper   
Commodity slump cost us US$1.3bn – Veep   
Ghana will regain economic strength - President Mahama   
Government committed to empowering MMDAs – Minister   
Second Hand Cloth Dealers Hail BoG   
KMA: Assembly increases Business Operating rates   
Oil Proceeds To Be Directed Into GIF To Address Infrastructure Deficit   
Only 2 million Ghanaians pay tax   
Reverse new measures or face court action – MP tells BoG   
British High Commission refuse cash payment for visas   
MMDAs urged to mind cost of Conferences to Assemblies Budget   
Obuasi Mine considers two-year mine closure   
Crunch Cabinet meeting on forex today   
Long term thinking can address global risk – WEF   
Salary Increase For Public Sector Workers Likely   
West African stock market gets boost   
Cedi depreciation: Increase the prime rate to 17 per cent - Razia Khan   
Insurance companies consider legal action against gov't   
TUC Issues Statement On The General Economic Situation In Ghana   
Bank of Ghana tightens foreign exchange rules   
District Assemblies warned against misapplying project funds   
Ghana partners Alberta on Integrated Risk Management   
Load shedding is back – GRIDCo   
Economy may slow to 4-yr low—CEPA   
Ghana and Japanese company hold bilateral discussion   
On-Site support for MMDAs in Upper East Region   
Communique issued at the end of the 7th Annual Internal Audit Forum   
Seventh Annual Internal Audit forum opens in Accra   
Internal Auditors undergo training in Quality Assurance   
7th Internal Audit Forum   
Internal Audit Agency holds consultative forum on amendment of Act   
IAA Holds Workshop on Integrated Risk Management   
Sierra Leone understudy Ghana   
Liberian delegation visit Internal Audit Agency   
IPS to offer Post Graduate Programme in Internal Audit   
CAGD Holds Annual Conference   
PAC to Conduct Public Hearing on 2010 Audit Report   
6th Annual Internal Audit Forum Held.....Mills urges internal auditors to live up to expectation   
Internal Audit wants Judicious use of Public Sector Resources   
6th Annual Internal Audit Forum   
IAA Seeks Amendment of Law   
Ghana-Alberta Partnership Project holds workshop on Integrated Risk Management   
"Internal Auditing is not about witch hunting" - Apea-Kubi   
IAA Undertakes Review   
"We have your welfare @ heart" - Nii Adumansa-Baddoo   
New Strategic Direction for IAA   
Re-branding Internal Audit Agency   
Internal Audit Assessment in MDAs and MMDAs   
Government directs CEOs to set up functional Internal Audit Units   
High Level Forum on Risk-Based Auditing.   
Canada Partners Ghana in Risk Management   
Internal Audit Seminar for Media in Ashanti   
Ghana to Celebrate International Internal Audit Month   
IAA upgrades ICT skills of Internal Auditors   
IAA champions risk identification and management   
Commonwealth Internal Auditors tour Ghana   
Orientation for ARICs and Heads of MDAs   
Internal Audit Manual Launched   
D-G pays courtsey call on Dep.Volta Regional Minister   
4th Annual Internal Audit Forum Held   
Director-General of IAA meets internal audit personnel   
IAA trains Audit Staff of New Times Corporation   
Sustain education to sharpen skills of internal auditor - Mpiani   
Ghana has made progress in internal auditing - Nomo   
Auditors urged to change approach   
Commonwealth Internal Auditors Storm Accra   

Re-branding Internal Audit Agency

Posted : November 12, 2010


Distinguished Members of the Internal Audit Board, Management and Staff of the Internal Audit Agency, Our friends from both the Print and  Electronic Media, Good Morning; As we all know, the Internal Audit Agency was established by the Internal Audit Agency Act, 2003 (Act 658) with a mandate to ensure professional internal audit practice in MDAs and MMDAs. The ultimate goal of the Agency is to ensure accountability and good performance in the public sector of Ghana.

The Agency has therefore re-positioned itself, in line with international best practice, to build capacity in the IAUs of MDAs and MMDAs to ensure effective risk management and good corporate governance practices that will ultimately ensure the achievement of organisational and national objectives. In this regard, the Agency has been designing and implementing programmes to improve the human resource capacity of the IAUs for professional internal audit practice. The Agency has also implemented orientation programmes for managers of MDAs and MMDAs to deepen their understanding of the value that the internal audit function can deliver to their respective institutions.
Our Visionis to become an organization providing Value-added internal auditing for accountable performance through the implementation of the following strategies:
  • Positioning managements of MDAs and MMDAs to actively support internal audit practice.
  • Improving internal audit practice in all MDAs and MMDAs through capacity building.
  • Increasing access to information on internal audit activities for MDAs and MMDAs and other stakeholders.
  • Strengthening relationships with strategic partners for improved public service internal audit practice in support of good governance.
  • Re-enforcing a high performance work environment in the IAA.
With the inauguration of a new governing board for the Agency, of which I am privileged to be the Chairman, our key focus is to chart a new strategic direction for the Agency through the re-branding and effective promotion of internal audit practice in Ghana.
The Internal Audit Board is advocating for the consolidation of internal audit staff of MDAs and MMDAs, with the Agency as the head of the class. This will go long way to ensure the objectivity, independence and protection of internal auditors. The proposal for the creation of internal audit class was recommended through a Needs Assessment Exercise carried out by the Institute of Internal Auditors (IIA) based in Florida, US and the World Bank.
In submitting the proposals for the consolidation of Internal Audit Resources of the MDAs and MMDAs under the IAA, the IIA highlighted the following challenges;
  • To receive and sustain the commitment of executive management to go forward with the consolidation in order to gain the necessary   legislative support.
  • To gain the support for consolidation from the senior and operating management groups in the MDAs and MMDAs, in the light of the fact that they will lose control of the IAU, as well as the budget resources that fund them. 
  • To gain the support of all internal auditors throughout the GOG, as they may be resistant to change.
  • To develop an effective strategic action plan to implement the consolidation.
The process of consolidation will be complex and will require careful planning and open communication with both the management and auditor groups.
We as a Board will necessarily have to deal with these challenges and I have no doubt that we will rise to these challenges as part of our vision of rebranding the IAA.

Another strategy is to bring internal audit function to the forefront of our national developmental agenda through the building of strategic partnerships with relevant stakeholders. Some of these stakeholders include Ghana Audit Service, Public Procurement Authority, the Legislature, the Judiciary, Ghana Integrity Initiative, the media; just to mention a few. The Internal Audit Agency will, as part of its re-branding strategy, make strenuous efforts to increase public access to information on internal audit activities. Indeed, this is will be demonstrated by our proposed radio and television programmes that will effectively market our unique product, Value-Adding Internal Audit service.
Human capacity development is also fundamental to the core activities of the Internal Audit Agency. Training programmes are organised on continuous basis to update the knowledge, skills and attitudes of our personnel.  This is complemented by on-site support programme to enable trained field staff deliver real value to our customers, namely the MDAs and MMDAs.

The Agency recognises the need to continuously sensitise public sector institutions on the role of internal auditing in fostering good corporate governance and challenge Public Sector managers to implement systems and procedures that will provide better opportunities for the achievement of organisational and national objectives.
During the five years of the Internal Audit Agency’s existence, some systemic weaknesses have run through the findings reported in the Agency’s Annual Reports to His Excellency, The President bordering essentially on Internal Control, Risk Management and Governance issues. The Internal Audit Agency believes that the root cause of these systemic weaknesses is traceable to the absence of effective performance and financial management systems in MDAs and MMDAs.
So far the Agency has made significant strides in the execution of its mandate. The following are some of  its achievements:
  • Orientation of 1,067 Management staff and members of Audit Report Implementation Committee (ARIC) of MDAs and MMDAs on internal auditing and the functions of ARIC in line with our mandate.
  • Collaboration with the  Institute of Internal Auditors (Ghana) to train 32 internal audit staff of MDAs and MMDAs in Quality Assessment
  • Documentation of competency base of Internal Audit staff to form the basis for the development of comprehensive training plan for all Internal Audit Units. The Agency continues with both training to build the skills and competencies of IAU staff.
  • Risk Management Policy, Framework and Implementation Guide have been developed for use by MDAs/MMDAs
  • Completion of the development of the Agency’s website to facilitate the dissemination of information to the IAUs, and the filing of internal audit reports to the Agency.
  • The Agency has continued to ensure that Internal Audit standards and procedures for planning, conducting, reporting as well as monitoring and evaluation of Internal Audit activities are adhered to by IAUs
  • Memorandum of Understanding between Ghana Audit Service and Internal Audit Agency has been signed. The purpose is to outline the basis for collaboration between the two institutions in fostering the values of transparency, discipline, accountability and performance in the discharge of their statutory and professional duties.
  • An Internal Audit Manual, which complies with international standards and best practices has been completed and distributed to staff of the IAUs. Training on the implementation of the Audit Manual has been conducted for all staff of the IAUs through the Agency’s On-Site Support programme.
  • Curricula for training Internal Auditors in tertiary institutions and its associated Course Outline with Learning Outcomes have also been completed. Accreditation for the Curricula is currently being pursued with the National Accreditation Board.
  •  A Quality Assurance Manual has been developed and a Training  of  Trainers  programme  will be rolled out to equip them to effectively assess the quality of work done at the MDAs and MMDAs
These achievements, in our humble view, could be considered as providing a launching pad to set the right control environment for the deployment of internal auditing function in the public sector. The Government of Ghana is committed to re-positioning the internal audit function to serve as an invaluable management tool for implementing good governance, risk management and internal control.

In conclusion, internal audit professionals have sought greater recognition and respect for their activities. By the enactment of the Internal Audit Agency Act, 2003, (Act 658) that recognition and respect has finally been secured. It is therefore, incumbent upon us to use this recognition, through our motto of Integrity and Professionalism, to ensure that heads of MDAs and MMDAs check corruption and improve probity and accountability.

I thank you all for your kind attention.


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