The Ministry of Energy has recorded the highest financial irregularities in the 2024 Auditor-General’s Report.
Accounting for GH¢15.8 billion representing 86% of total public sector irregularities for the year.
The report, which reviewed the financial activities of Ministries, Departments, and Agencies (MDAs) for the year ending December 31, 2024.
Revealed that the Ministry of Energy was responsible for GH¢15,832,975,487 out of the GH¢18.42 billion in total irregularities.
Most of these issues were linked to contract and procurement breaches, along with store and tax-related violations.
The findings highlight ongoing problems in how public contracts are managed and executed in the energy sector.
A major contributor to the irregularities was the Electricity Company of Ghana (ECG), which underreported its revenue by more than GH¢2.95 billion in 2023.
While ECG actually collected GH¢11.59 billion, it only declared GH¢8.64 billion to the Ministry of Energy and oversight bodies.
This raises concerns, especially as the government continues to invest heavily in energy infrastructure, electricity access, and energy transition efforts.
The Auditor-General noted that some of the irregularities are recoverable but emphasised the urgent need for stricter financial controls and stronger internal auditing across public institutions.
“We recommended strict implementation of our recommendations to ensure financial discipline in the management of public resources,” the report stated.
The Ministry of Energy’s irregularities far exceeded those recorded by other government agencies.
Signaling the need for immediate reforms in procurement practices and contract supervision.
These findings come as the government faces pressure to meet IMF targets and stabilise the economy.
Meaning the report could influence funding and oversight decisions in the second half of 2025.