It has emerged that the state is still struggling to retrieve $3.8 million from the defunct Dunkwa Continental Mining Company (DCMC), three years after a court awarded the cost against the international mining entity
However, a tribunal constituted under the rules of the International Chamber of Commerce (ICC) dismissed the claim in August 2015, on the grounds that the case had no merit.
The court awarded costs of $3.16 million against the applicants and further ordered a refund of $700,000 to Ghana, bringing the total amount to $3.8 million.
However, at yesterday’s sitting of the Public Accounts Committee (PAC) of Parliament, it came to light that the Attorney-General's Department, the Ministry of Finance and the Controller and Accountant-General's Department (CAGD) had not been able to retrieve the amount from the company, citing inability to locate the managers of the company as an excuse.
There were interesting developments at the sitting when a Deputy Minister of Finance,
Representatives of ministries, departments
The committee quizzed the public officials who appeared before it on infractions in the 2016 Auditor-General’s Report with regard to the Consolidated Fund and how they related to the ministries, departments
There were tense moments during the proceedings, as
There was a back and forth between the Chairman of the PAC,
The development followed a question posed by a member of the committee and Member of Parliament (MP) for Kumbungu,
In her explanation,
She said it was the responsibility of the Attorney-General to pursue the matter and ensure that the money was retrieved.
The committee, however, did not buy into her explanation and asked the Ministry of Finance to put in swift action to retrieve the money.
The committee enquired from the Ministry of Finance and the CAGD why information on the GH¢51.9 million owed the state by the businessman Alfred Agbesi Woyome was captured in the 2016 report.
It came to light that since
Another issue that took
The SOEs that were not captured included the National Lottery Authority (NLA), the Ghana Cylinder Manufacturing Company (GCMC), the Ghana Ports and Harbour Authority (GPHA) and Juapong Textiles.
In a related development, concerns were also raised about defunct SOEs that were still in the books of the state.
After another to-and-fro session,
"We are working hard to ensure that we put a comprehensive list of these SOEs together and will come back to Parliament for approval to strike out defunct companies from the books," she said.
It also emerged that some GH¢97.5 million was offered in loans to SOEs between 1997 and 2005 and were cited in the 2016 Auditor-General’s Report but the money had not been retrieved
He said efforts were being made to rectify the situation.