The World Bank downgrades Ghana’s performance in the audit service - Onlinetimesgh

The World Bank downgrades Ghana’s performance in the audit service

Ghana’s Audit Service performance was reduced by the World Bank from a “C” to a “D” rating due to inadequacies in its independence when compared to global norms. Ghana received a score of 6.5 out of 10, which indicates moderate independence, in the assessment used to gauge the independence of the Supreme Audit Institution. The rating represents a drop from Ghana’s 2021 grade of 8.0–8.5. Although the Audit Service performed up to par in several areas, there is still room for improvement.

The World Bank recommends establishing standard operating procedures, providing training and equipment, and fostering collaboration among stakeholders to enhance independence.

The Bank also emphasizes the importance of conducting all required audit types under Ghanaian law to ensure transparency and effective use of public resources.

Spending officers are advised to conduct root-cause analyses of audit issues and communicate findings clearly to promote understanding and resolution.

This highlights the need for Ghana’s Audit Service to address its independence and effectiveness to ensure good governance and public resource management.

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