The Controller and Accountant General’s Department (CAGD) has firmly denied allegations that it overstated Ghana’s public debt by GH¢138.91 billion in the 2023 Whole of Government Accounts, urging the public to disregard such claims.
The controversy began after the Auditor-General’s report flagged discrepancies between figures reported by the CAGD and those from the Ministry of Finance. According to the report, while the CAGD placed the country’s total public debt at GH¢861.4 billion, records from the Ministry of Finance reflected a lower figure of GH¢737.17 billion.
Addressing the issue before the Public Accounts Committee of Parliament on Monday, August 25, 2025, Controller and Accountant General Kwasi Agyei explained that the matter had already been resolved through a thorough reconciliation exercise between the two institutions.
His clarification was supported by the Assistant Auditor-General in charge of Whole of Government Account Audit, Paul Affram, who confirmed that the figures were reconciled and validated following the release of the Auditor-General’s report. This reconciliation, he noted, affirms the accuracy of the CAGD’s final figures.
With the matter now settled, the Controller and Accountant General’s Department has called on the public to disregard any suggestions that it overstated the national debt, assuring citizens of its commitment to transparency and accuracy in public financial reporting.
Source: Apexnewsgh.com
