Gov't to crack down on looters of state funds

Gov't to crack down on looters of state funds

- Finance Minister says normal Ghanaians are the cause of state fund "leakages"

- He says the leakages amount to billions of cedis

Finance Minister, Mr. Ken Ofori-Atta has stated that the current administration intends to crack down on persons it finds to be pilfering from the state's coffers.

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Gov't to crack down on looters of state funds

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Speaking at the National Policy Summit on Monday May 15th, Finance Minister Ofori-Atta deplored how single individuals have continually been siphoning state funds.

The Finance Minister pointed out that it was normal, everyday Ghanaians - as opposed to big corporations or politicians - that perpetuated the loss of funds from the state's coffers. He added that the total amount of funds lost was up in the billions of Cedis.

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These are normal Ghanaians perpetuating leakages of untold proportions and we are in the middle of investigating a lot of these,” said Mr. Ofori-Atta.

Sadly, the revenue leakages, which are billions of cedis, are not necessarily by old politicians but truly by each of us sitting at funerals, churches, etc.

Finance Minister Ofori Atta went on to say that government would focus on prudent revenue management and expenditure. He also highlighted the Ghana Revenue Authority's (GRA) herculean task of making sure that the country gained gained maximum revenue through efficient systems.

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