The Deputy Finance Minister, Thomas Nyarko Ampem has disclosed that an amount of GH¢ 10.5 million was deposited into a fictitious "Buffer Account" during the New Patriotic Party (NPP) administration.
This revelation emerged from an Auditor-General's report concerning arrears and payables.
In recent parliamentary proceedings, he emphasized that the payment was made to a bank account referred to as the "Buffer Account" at a commercial bank.
According to him, the bank confirmed that no such payment had been received, and the account number provided did not exist in the bank's records.
"Upon verification, the bank confirmed that it had never received such payment; the account number sighted did not exist in the bank's record and did not even conform to its numbering format," he revealed.
He highlighted that the evidence from the audit pointed to a completely false account.
Mr. Ampem Nyarko, further called for a forensic audit of the entire 'One District, One Factory' initiative, considering that government reported to have spent GH¢ 391million towards the scheme in 2024.
"As a result of this fictitious account, linked to the 'One District, One Factory' scheme,the entire 1D1F Scheme requires a forensic audit which would be carried out soon.
"Moreso, when government is said to have spent GH¢ 391 million as it's contribution towards 1D1F interest subsidies by the end of 2024," he asserted.
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