The 2018 Auditor-General’s report has revealed that an amount of GH¢3,637,754.20 collected by the Ghana Broadcasting Corporation (GBC) from 1993 to 2017 was never paid into the consolidated fund.

The report revealed that “contrary to Regulation 15(1) and (3) of the Financial Administration Regulation 2004, the Corporation did not remit TV License fees collected from 1993 to 2017 totalling GH¢3,637,754.20 into the Consolidated Fund. We recommended to management to pay the GH¢3,637,754.20 into the Consolidated Fund.”

The report also revealed that GBC understated revenue realized for the 2014 World Cup by GH¢3,464,878.59.

Per a report by Graphic.com.gh, the management of the corporation has therefore been asked to update the financial statements.

It is also required to properly account for the GH¢3,464,878.59, a failure of which GBC’s officers who were responsible would be surcharged with the amount.

The Auditor-General further noted that the review of the contract agreement signed between the Ghana Television Consortium and Optimum Media Prime Limited showed that the Consortium amended two major financial clauses without approval.

For that reason, it has been recommended that GBC’s management furnish the Auditor-General’s department with the source of authority for varying portions of the agreement.

It has also been recommended that GBC’s management provide documents to support outstanding VAT remittances sent to the Ghana Revenue Authority (GRA), and advised management to ensure that either party does not unilaterally vary future agreements.