• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

IAA Director-General Deepens Call for Amendment to IAA Act to Enhance Anti-Corruption Measures; Pushes for Prosecutorial Powers

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
2 min read
0 0
0
127
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

IAA Director-General Deepens Call for Amendment to IAA Act to Enhance Anti-Corruption Measures; Pushes for Prosecutorial Powers

The Internal Audit Agency (IAA) is seeking a legislative overhaul to grant it greater control over internal auditors in public institutions, a move that could prove pivotal in curbing financial leakages and enhancing public sector accountability.

Dr. Eric Oduro Osae, the Director-General of the IAA, has argued that without such reform, the endemic irregularities that plague public institutions will persist unabated.

At a media training workshop organized by the Ghana Anti-Corruption Coalition (GACC) in Accra on Monday, August 19, 2024, Dr. Osae stressed that the current framework which places internal auditors under the direct influence of their institutional superiors, fundamentally undermines their ability to perform their duties effectively.

He called on the government to prioritize amending the IAA Act, which would reposition internal auditors as independent entities with the necessary resources and the autonomy to act as effective gatekeepers against financial mismanagement and corruption in public institutions.

“The auditors are supposed to be the first line of defense against corruption and irregularities,” Dr. Osae remarked, “but as long as they remain subservient to the very authorities they are supposed to audit, these systemic problems will only continue.”

Dr. Osae further criticized the reactive nature of Ghana’s approach to these issues, which tends to focus on addressing problems only after they have occurred, rather than preventing them at the outset.

RelatedPosts

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

“We need to shift from a post facto approach to one that emphasizes prevention,” Dr. Osae said. “Empowering internal auditors and tightening control systems at the institutional level will significantly reduce the incidence of these corruption-related irregularities.”

He argued that a robust internal audit system is essential for maintaining the country’s fiscal discipline and ensuring that public funds are used effectively.

Speaking further at the training workshop, Dr Osae highlighted that the IAA’s lack of prosecutorial powers hinders its ability to hold wrongdoers accountable, a function currently reserved for the Attorney-General’s office.

He, therefore, proposed that the IAA be granted prosecutorial authority as part of the constitutional reform of the IAA Act.

The IAA’s push for legislative reform comes at a critical juncture for Ghana, as the country grapples with ongoing challenges in public financial management.

By enhancing the independence and effectiveness of internal auditors, the IAA hopes to create a more resilient framework capable of preventing the financial abuses that have long undermined public trust.

The training workshop facilitated by the GACC, aimed to enhance journalists’ understanding of the Auditor-General’s reports. These reports have consistently revealed significant irregularities in areas such as cash management, procurement, and contract execution, leading to the misappropriation of billions of cedis.

Executive Secretary of the GACC, Mrs. Beauty Nartey, speaking to journalists after the training workshop, underscored the role of the media in fostering transparency and accountability in the country. She noted that journalists play a crucial role in disseminating the findings of the Auditor-General’s reports and called for improved training to ensure accurate and comprehensive coverage of the findings, irregularities, and recommendations of the AG’s reports.

 

Tags: Anti-Corruption MeasuresGhana Anti-Corruption Coalition (GACC)IAA Director-General Deepens Call for Amendment to IAA Act to Enhance Anti-Corruption Measures; Pushes for Prosecutorial PowersInternal Audit Agency (IAA)Prosecutorial Powers
No Result
View All Result

Highlights

Value or Illusion? Questioning the DStv “Increased Value Offer”

Inflation is Falling, But the Relief isn’t Uniform

Poultry Programme: Production and Processing Must Grow Hand-in-Hand

CAF Declares $9.48 Million Profit as Financial Turnaround Under Dr. Patrice Motsepe Gains Momentum

Bank of Ghana Sells GH¢4.91bn in 56-Day Bills at 21.48% Yield

IMF Says Good Policies and “Good Luck” Helped Emerging Economies Better Resist Shocks

Trending

Features

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

October 7, 2025

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale Barrick Mining announced that it has agreed...

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

October 7, 2025

Sub-Saharan Africa Maintains Resilient Growth but Faces Urgent Jobs Challenge

October 7, 2025

Value or Illusion? Questioning the DStv “Increased Value Offer”

October 7, 2025

Inflation is Falling, But the Relief isn’t Uniform

October 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.