MP abhors financial mismanagement at GBC

A Member of Parliament on Monday abhorred financial mismanagement at the Ghana Broadcasting Corporation (GBC), which he said has led to its inability to make profit and stand on its own.

He said GBC, which has five times more resources than the less endowed private FM and television stations in the country, is unable to make profit and yet others do and are able to pay their staff without government subvention.

Mr Emmanuel Adjei Boye, NPP-Krowor contributing to a motion for the approval of financial estimates for the Ministry of Transport and Communications, which allocated about 25 billion cedis to GBC for personnel emoluments, said the corporations accounts could not be audited for the past eight years.

Quoting audit reports for 1991 and 1992 on GBC, Mr Boye said the auditors said financial records were improper and there were no authentic records on revenue and other sources of income of the Corporation and that the accounts could, therefore, not be audited.

Mr Boye said since then the Corporation has not been audited, "all these boiled down to financial mismanagement and waste of resources making it unable to pay its staff."

He cited an instance where GBC granted one officer housing, car and personal loans in the same year.