We have not apologised for GH¢138.9bn public debt overstatement – Audit Service
The Audit Service has denied issuing an apology for allegedly overstating Ghana’s public debt by GH¢138.91 billion in its 2024 Auditor-General’s report.
A statement signed by Madam Ama Awotwe-Bosumafi, Assistant Auditor-General, Public Relations Unit of the Audit Service, said: “There has not been any such apology or statement by the Office regarding information published in our reports.”
It explained that during its review, the Auditor-General observed a discrepancy between total public debt figures reported by the Controller and Accountant-General’s Department (GH¢876.08 billion) and the Ministry of Finance (GH¢737.17 billion), resulting in an overstatement of GH¢138.91 billion.
The variance, the statement said, was due to data aggregation errors, the inclusion o...