News Column

MOF Replies Woods

July 9, 2014

Authorities of the Ministry of Finance say they have read, with dismay, a quote from former Public Works Minister Kofi Woods, terming as "sinister motive in the making" the merger of the Ministries of Planning and Finance without an audit.

The Finance Ministry says it has since May 30, 2014 formally requested the General Auditing Commission to conduct a "financial and system audit" for the fiscal years 2011/2012, 2012/2013 and 2013/2014 of both the defunct Ministry of Finance and the Ministry of Planning and Economic Affairs.

In a letter, Finance Minister Amara Konneh explained that the audit was geared towards closing the financial books of both ministries, which will become the Ministry of Finance and Development Planning (MFDP) as mandated by law.

According to a Finance Ministry release, if only Minister Woods had done some due diligence and taken the time to ascertain the facts relative to the transition, he would have known that both Ministries of Planning and Economic Affairs and Finance are in the process of being audited by the GAC. The release noted that to date, all modalities have been completed and the entrance conference for the audit is set for Thursday, 10 July 2014.

"We see his latest comments as not only self-serving and politically motivated but intended to gain public attention at the expense of others," the release noted.

The release noted that being the longest serving member of cabinet in the Sirleaf administration and the most afraid of any kind of audit - always terming them as "witch-hunt", Minister Woods lacks the moral authority to make such comments.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: AllAfrica

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters