A report by the Auditor General has indicted former Member of Parliament for Nhyiaeso, Kennedy Kwasi Kankam, in its report.
Mr Kankam who was a former accountant with the Kumasi Metropolitan Assembly (KMA) to has been asked by the report to immediately take steps to recover an amount of GHC500 000 granted as a loan to over 300 people in his constituency.
“The [then] Member of Parliament for Nhyiaeso (Hon. Kennedy Kwasi Kankam) together with erstwhile Finance Officer (Mr Daniel Kofi Kankam) and Coordinating Director (Mr Samuel Donkor) transferred a total amount of GH₵500,000.00 from the MPs Constituency Labour Project Fund and Social Investment Fund to [a privately-owned bank] …for onward disbursement to 430 people on loan, recoverable by August 2020.”
“But as at January 2021, no recovery had been made, thus exposing the Assembly to a high risk of losing the GHS500,000.00, which could have funded projects to the benefit of the entire community,” the report noted.
The Audit Service recommended that Mr. Kankam, and the officials involved, should “take steps to recover the amount into the KMA Member of Parliament for Nhyiaeso’s Common Fund account”.
By Laud Nartey|3news.com|Ghana