{"id":191202,"date":"2024-06-20T09:14:52","date_gmt":"2024-06-20T09:14:52","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/06\/20\/world-bank-downgrades-ghanas-audit-service-performance\/"},"modified":"2024-06-20T09:14:52","modified_gmt":"2024-06-20T09:14:52","slug":"world-bank-downgrades-ghanas-audit-service-performance","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/06\/20\/world-bank-downgrades-ghanas-audit-service-performance\/","title":{"rendered":"World Bank downgrades Ghana\u2019s audit service performance \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The World Bank has downgraded Ghana\u2019s Audit Service performance from a \u201cC\u201d to a \u201cD\u201d grade, citing deficiencies in its independence compared to international standards.<\/p>\n<p>The assessment, conducted to evaluate the Supreme Audit Institution\u2019s independence, scored Ghana 6.5 out of 10, indicating moderate independence.<\/p>\n<p>The score marks a decline from Ghana\u2019s previous rating of 8.0-8.5 in 2021. While the Audit Service met expectations in some areas, improvements are needed in others.<\/p>\n<p>The World Bank recommends establishing standard operating procedures, providing training and equipment, and fostering collaboration among stakeholders to enhance independence.<\/p>\n<p>The Bank also emphasizes the importance of conducting all required audit types under Ghanaian law to ensure transparency and effective use of public resources.<\/p>\n<p>Spending officers are advised to conduct root-cause analyses of audit issues and communicate findings clearly to promote understanding and resolution.<\/p>\n<p>This highlights the need for Ghana\u2019s Audit Service to address its independence and effectiveness to ensure good governance and public resource management.<\/p>\n<p>source:citinewsroom.com<\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The World Bank has downgraded Ghana\u2019s Audit Service performance from a \u201cC\u201d to a \u201cD\u201d grade, citing deficiencies in its independence compared to international standards. The assessment, conducted to evaluate the Supreme Audit Institution\u2019s independence, scored Ghana 6.5 out of 10, indicating moderate independence. The score marks a decline from Ghana\u2019s previous rating of 8.0-8.5 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":117680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-191202","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>World Bank downgrades Ghana\u2019s audit service performance \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/06\/20\/world-bank-downgrades-ghanas-audit-service-performance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank downgrades Ghana\u2019s audit service performance \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The World Bank has downgraded Ghana\u2019s Audit Service performance from a \u201cC\u201d to a \u201cD\u201d grade, citing deficiencies in its independence compared to international standards. The assessment, conducted to evaluate the Supreme Audit Institution\u2019s independence, scored Ghana 6.5 out of 10, indicating moderate independence. 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