The Ministry of Finance has completed a major audit of contractor claims. The review looked at billions of cedis owed to various companies.
After careful examination, GH¢45.4 billion in claims were found to be valid. These amounts are now cleared after the audit process.
The audit also highlighted significant issues with other claims. Investigators discovered GH¢8.1 billion in debts that were considered fictitious or fraudulent.
This extensive audit aimed to ensure that public funds are used properly. It focused on validating legitimate expenses and identifying any misuse of resources.
The Ministry of Finance confirmed these findings. This action is part of efforts to improve financial management and accountability.
The results of the audit will help prevent future financial irregularities. It ensures that only deserving contractors receive payments from the government.