Close Menu
MyGhanaDaily
    Facebook X (Twitter) Instagram
    MyGhanaDaily
    Tuesday, April 28
    Trending
    • Two Dead, Five Injured in Accident on Accra–Cape Coast Highway
    • IndigoHomes Sets Delivery Standards for GreenwichPark as CEO Cheryl Mills Leads Site Engagement
    • Michael Jackson Biopic Breaks Global Box Office Records with Historic Opening
    • Ghana Publishers Association Calls for Stronger Reading Culture on World Book and Copyright Day
    • Ghana Statistical Service and the World Food Programme Launch the Food Insecurity Vulnerability Report on Ghana
    • China Blocks Meta’s $2bn Acquisition of AI Startup Manus
    • Ofori-Atta to Face Key US Immigration Hearing on June 15th, 2026
    • May 1 Declared Public Holiday for Workers’ Day Observance
    Your Marketplace Banner
    • News
    • Business
    • Entertainment
      • Music
      • Movies
      • Fashion
      • Celebrity news
    • Sports
    • Health
    • Technology
    • Agriculture
    • Opportunites
    • Videos
    • More
      • Education
      • Tourism
      • History
      • Feature
      • Opinion
      • World
    MyGhanaDaily
    Home»News»Government Launches Recovery Drive After Audit Exposes GH₵27.7m Premix Fund Irregularities
    News

    Government Launches Recovery Drive After Audit Exposes GH₵27.7m Premix Fund Irregularities

    MGD NewsBy MGD NewsFebruary 10, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    download 85
    Getting your Trinity Audio player ready...

    The government has launched a wide-ranging recovery and reform programme in the premix fuel sector following the release of an audit report that uncovered serious financial mismanagement and governance breaches in the Community Development Fund (CDF), which supports coastal fishing communities.

    The audit, commissioned by the Ministry of Fisheries and Aquaculture (MoFA) and conducted by its Internal Audit Unit, revealed that between 2017 and 2024, 132 Landing Beach Committees (LBCs) failed to properly account for premix fuel funds allocated to them. As a result, losses amounting to GH₵13.75 million were recorded, with the total recovery target—after factoring in other irregularities—standing at GH₵27.7 million.

    Send your stories to Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140

    According to the report, the irregularities included unauthorised withdrawals, failure to comply with approved fund distribution formulas, and weak documentation practices. These lapses undermined the use of funds for critical community projects such as drainage systems to prevent flooding, sanitation facilities to curb open defecation, schools, and other essential infrastructure in coastal areas.

    MoFA noted that the mismanagement significantly stalled development in fishing communities, many of which depend on the CDF to improve living standards and advance the Sustainable Development Goals (SDGs).

    The Minister for Fisheries and Aquaculture stated that the government would not overlook the institutional weaknesses inherited, stressing that firm steps are being taken to recover public funds, restore confidence in the premix fuel system, and safeguard resources meant for fishing communities.

    Recovery efforts are already underway, according to Mr Ebow Mensah, Administrator of the National Premix Secretariat. He confirmed that repayment arrangements are being pursued where necessary, noting that the audit provides the legal and moral basis to close long-standing governance gaps. Demand notices have been issued to affected LBCs, with severe cases referred for further action, while governance structures at landing beaches are being restructured to strengthen oversight.

    In response to the findings, MoFA and the National Premix Secretariat have rolled out a series of reforms aimed at preventing future losses. These include the introduction of a nationwide CDF accountability and protection framework from February 2026, clearer signatory requirements, mandatory reporting by LBCs, integration of CDF management into the Premix Fuel Automation System, enhanced training for LBC executives, and stricter compliance monitoring.

    Officials say the reforms are intended to ensure that premix revenues are reinvested directly into community development projects, supporting poverty reduction, education, clean water and sanitation initiatives.

    The government has described the audit and recovery process as a turning point for the premix fuel programme, emphasising transparency, accountability and long-term reform. By combining public disclosure with decisive recovery actions and strengthened safeguards, authorities aim to rebuild public trust and ensure sustainable development outcomes for Ghana’s coastal fishing communities.

    Source: 3news

    Send your news stories to
    Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140
    Advertise with us | Follow our WhatsApp channel for more news
    Politics
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticlePresident Mahama Swears In Five New Ambassadors
    Next Article BoG Sets Up Steering Committee to Lead Listing of Commercial Banks on GSE
    MGD News

    MGD News  is managed by the Publishing Desk. You can reach us via email; info@myghanadaily.com

    Related Posts

    Two Dead, Five Injured in Accident on Accra–Cape Coast Highway

    April 28, 2026

    IndigoHomes Sets Delivery Standards for GreenwichPark as CEO Cheryl Mills Leads Site Engagement

    April 28, 2026

    Michael Jackson Biopic Breaks Global Box Office Records with Historic Opening

    April 28, 2026
    LATEST NEWS
    • Two Dead, Five Injured in Accident on Accra–Cape Coast Highway
    • IndigoHomes Sets Delivery Standards for GreenwichPark as CEO Cheryl Mills Leads Site Engagement
    • Michael Jackson Biopic Breaks Global Box Office Records with Historic Opening
    • Ghana Publishers Association Calls for Stronger Reading Culture on World Book and Copyright Day
    • Ghana Statistical Service and the World Food Programme Launch the Food Insecurity Vulnerability Report on Ghana
    SPORTS NEWS

    MILO U-13 Champions League Returns After Five-Year Break

    November 17, 2025

    2026 FIFA WCQ: Ghana beats Mali

    September 9, 2025

    The Black Stars Podcast: A six-part dive into Ghana’s football history, struggles and sparks of glory

    August 30, 2025

    2026 World Cup qualifiers: Black Stars set to open camp on September 1

    August 27, 2025

    Felix Afena-Gyan Joins Amedspor on Season-Long Loan

    August 21, 2025
    Site Search
    No feed found with the ID 1. Go to the All Feeds page and select an ID from an existing feed.

    • About
    • Privacy
    • Terms of Service
    • Contact
    Latest News

    Two Dead, Five Injured in Accident on Accra–Cape Coast Highway

    April 28, 2026

    IndigoHomes Sets Delivery Standards for GreenwichPark as CEO Cheryl Mills Leads Site Engagement

    April 28, 2026

    Michael Jackson Biopic Breaks Global Box Office Records with Historic Opening

    April 28, 2026

    Ghana Publishers Association Calls for Stronger Reading Culture on World Book and Copyright Day

    April 28, 2026
    About
    About

    myghanadaily.com is one of Ghana’s fastest-growing news platforms, delivering high-quality, creative, and independent news

    Contact us: info@myghanadaily.com

    We're social, connect with us:

      • Facebook
      • Twitter
      • Instagram
      • LinkedIn
      • Youtube
      • medium
      Popular Posts

      Two Dead, Five Injured in Accident on Accra–Cape Coast Highway

      April 28, 2026

      IndigoHomes Sets Delivery Standards for GreenwichPark as CEO Cheryl Mills Leads Site Engagement

      April 28, 2026

      Michael Jackson Biopic Breaks Global Box Office Records with Historic Opening

      April 28, 2026

      © 2020-2024. MyGhanaDaily. All Rights Reserved

      • About
      • Privacy
      • Terms of Service
      • Contact
      Recent Posts
      • Two Dead, Five Injured in Accident on Accra–Cape Coast Highway
      • IndigoHomes Sets Delivery Standards for GreenwichPark as CEO Cheryl Mills Leads Site Engagement
      • Michael Jackson Biopic Breaks Global Box Office Records with Historic Opening
      • Ghana Publishers Association Calls for Stronger Reading Culture on World Book and Copyright Day
      • Ghana Statistical Service and the World Food Programme Launch the Food Insecurity Vulnerability Report on Ghana
      Like Us On Facebook
      Loading...
      • Facebook
      • Twitter
      • Instagram
      Banner
      © 2019 -2025 Copyright | MyGhanaDaily.com

      Type above and press Enter to search. Press Esc to cancel.