- The SRC of the KNUST will spend GH¢ 996,000 on activities in the first semester
- Photos of the SRC correspondence has got social media talking
- SRC Executives described the budget as lean as they earlier requested GH¢1.1 million cedis
Executives of the Student Representative Council (SRC) of the Kwame Nkrumah University of Science and Technology (KNUST), sent a budget expenditure of GH¢1.1 million cedis to be approved by the School for their expenditure for the first semester of the 2020/2021 academic year.
Photos available on Ycampus Express on Twitter show that this figure was later reviewed downwards to GH¢ 996,000 in what the Executives described as a lean budget considering some financial constraints amid the Coronavirus Pandemic.
This development has got the University trending on social media as many raise concerns over the proclivity of these SRC Executives to misappropriation of funds when they become leaders and keepers of the national purse.
In other news.
The Auditor General has released a report on the state of public institutions in 2019 and the details are shocking. It reveals that financial misbehaviours across all state institutions cost the country GH¢5.46 billion.
The revealing part of the document is that these criminal acts of misbehaviour were recorded between Mahama’s administration of 2015 and Akufo-Addo’s regime in 2019.
“Total irregularities figure of GH¢3.311 billion for 2015 decreased to GH¢718.08 million in 2016. It however spiked to GH¢12.002 billion in 2017. Interestingly, it dropped to GH¢3.007 billion in 2018 but shot up again by 81.8% to GH¢5.46 billion in 2019,” excerpts of the report read.
When it comes to financial irregularities, the Auditor General refers to misbehaviours in the payment of salaries, procurement of logistics, disbursement of loans among other critical revelations.
What this means is that should criminal investigations begin, officials – past and present – of both Mahama and Akufo-Addo regimes – could be prosecuted.
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