The Minority in Parliament has asked the Minister for Communications, Digital Technology, and Innovation, Sam Nartey George, to resign over what they describe as his failed handling of the recent standoff with MultiChoice, operators of DStv in Ghana.

At a presser in Accra on Thursday,  October 2, Deputy Ranking Member on the Communications Committee, Charles Owiredu, accused the Minister of misleading Ghanaians, wasting public resources, and abandoning his commitment to secure a 30% reduction in DStv subscription fees.

“We of the Minority demand that, one, the Minister renders an unqualified apology to Ghanaians for the waste of the nation’s time and resources on this venture,” Owiredu stated.

“Two, we call on him to refund the funds levied on DStv. And three, we deem him unfit to lead this strategic Ministry of Communications, Digital Technology, and Innovation, and therefore call on him to resign—or for His Excellency the President to relieve him of his duties.”

The Minority contends that the Minister completely shifted from his initial bold promise of a 30% reduction in subscription fees, only to later claim that MultiChoice’s ongoing promotional campaign was a “generational success.”

According to them, this move represents a betrayal of public trust and a failure to deliver on his own stated objectives.

“Instead of addressing legitimate questions posed by Ghanaians—such as why he prioritised MultiChoice’s PR efforts over his price-reduction agenda, or how much revenue has been accrued from fines imposed on MultiChoice—the Minister resorted to attacking the Minority Committee and well-meaning citizens,” Owiredu added.

He further highlighted that MultiChoice has been running its “Step Up” promotional campaign since January 13, 2025, offering subscribers the opportunity to upgrade to a higher package at no extra cost. The company also reduced decoder prices in July to appreciate customers, a move Owiredu claims was misrepresented by the Minister as a government-brokered success.

“It is important to note that these promotional offers are standard across several countries and are not the result of any negotiations led by the Minister. This is someone who, having failed to deliver on his promises, is now seeking cover behind corporate marketing strategies,” he said.

Owiredu also criticised the Minister’s conduct during committee engagements, accusing him of lacking the “mental rigour” to effectively understand and communicate key issues, and suggesting that his public claims about negotiations with MultiChoice may have been entirely fabricated.

“The Minister’s failure to grasp key issues during meetings and to communicate the actual negotiated outcomes to Ghanaians—or worse, his deliberate fabrication of what he was never able to broker—is evident,” he stressed.

Meanwhile, MultiChoice Ghana on Wednesday, October 1 issued a public clarification, stating that they fully support the government’s recently announced DStv value upgrade and that a misleading FAQ published on their website was an error.

This followed confusion among customers and media reports suggesting a contradiction between a government statement by Minister of Communication, Samuel Nartey George, and a new three-month DStv promotion running from 1 October to 31 December 2025.

MultiChoice clarified three key points:

1. The company fully supports the joint statement made by Samuel Nartey George regarding the value upgrade for DStv packages and has already started implementing it.

Cocoa is a key export commodity for Ghana

The government has announced an additional GH¢400 on every 64kg bag of cocoa for farmers for the 2025/2026 crop season.

Farmers had been earning GH¢3,225 per 64kg bag of cocoa since the start of the season.

The decision was approved by the Producer Price Review Committee (PPRC), chaired by the Minister of Finance, Dr Cassiel Ato Forson.

With the additional GH¢400, Ghanaian farmers will now earn GH¢3,625 for every 64kg bag of cocoa.

Government raises cocoa producer price to $5,040 per tonne for 2025/2026 season

Speaking at an emergency press conference in Accra on October 2, 2025, Minister of Finance Dr Cassiel Ato Forson said the review will help improve the financial well-being of farmers.

He explained that changes in the government’s forecast informed the Producer Price Review Committee’s decision to adjust the price for farmers.

“This means that for every bag purchased, the cocoa farmer will receive an additional GH¢400. Simply put, for every bag a cocoa farmer sells, they will get GH¢400 more,” he said.

SP/MA

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John Abdulai Jinapor is the Minister for Energy and Green Transition

The government has introduced a Legislative Instrument (LI) that mandates the procurement of power generation through competitive bidding, as part of the energy sector reforms.

The Energy Commission (Planning and Competitive Procurement of Additional Electricity Generation Capacity) Regulations, 2025. L.I. 2508 represents a major policy shift aimed at enhancing transparency.

The new policy framework is also expected to foster innovation, reduce costs, and create an attractive environment for investment, as Ghana works toward a resilient and sustainable energy future.

The LI is a milestone in line with President John Dramani Mahama’s vision to deliver affordable electricity tariffs to spur industrial growth and economic transformation, a statement from the Energy Ministry issued in Accra yesterday, copied the Ghanaian Times said.

Currently, power generation accounts for approximately 65 per cent of the total cost in Ghana’s electricity value chain, and the introduction of competitive procurement is intended to address this imbalance by driving down costs, improving efficiency, and ultimately delivering better value to consumers.

“This reform marks a new era for Ghana’s power sector. Competitive bidding will not only ensure value for money, but also unlock innovation and greater private sector participation,” the Minister of Energy and Green Transition, John Abdulai Jinapor, said in the statement.

The LI outlines a comprehensive framework to guide future power generation procurement. Its core objectives include enhancing transparency in the energy sector, promoting cost-effectiveness and affordability, and attracting a diverse mix of technologies and investors.

It also seeks to ensure predictable and streamlined procurement processes, effective implementation, while steps are being taken to strengthen the capacity of regulatory institutions.

This includes improving the vetting of license applications and maintaining a comprehensive, up-to-date Power Purchase Agreement (PPA) register, enhancing transparency and oversight.

The Ministry is, therefore, working closely with international partners, including the World Bank, the African Development Bank, and the Energy for Growth Hub, to standardise Power Purchase Agreements (PPAs), build local capacity in PPA design and negotiation, ensure fair and balanced returns for investors, and deliver high-quality electricity at competitive prices.

The collaboration aims to make Ghana’s power sector more bankable, efficient, and aligned with global best practices—while ensuring long-term sustainability and consumer protection.

With the passage of this LI, Ghana positions itself as a regional leader in energy sector reform, demonstrating a strong commitment to transparent governance, fiscal discipline, and inclusive growth in the power industry.

Mixed reactions greet DStv package upgrades

The Open Government Partnership (OGP) Ghana Office, under the auspices of the Public Sector Reform Secretariat, has announced Ghana’s participation in the forthcoming 2025 OGP Global Summit to be held in Vitoria-Gasteiz, Spain, from 7th to 9th October 2025.

In a press release issued on Thursday, October 2, the high-level Summit will convene Heads of State, senior government officials, civil society leaders, and international partners to exchange experiences, share best practices, and assess progress on open governance reforms and the implementation of National Action Plans.

Ghana will be represented by a robust delegation led by Lydia Lamisi Akanvariba, Member of Parliament and Minister of State in charge of Public Sector Reforms.

She will be joined by Nana Oye Bampoe Addo, Deputy Chief of Staff (Administration), alongside Members of Parliament, key sector ministers, public officials, and selected civil society leaders.

According to the OGP Ghana Office, this joint delegation highlights Ghana’s continued commitment to the core principles of the OGP: transparency, accountability, citizen participation, and innovation in governance.

The Public Sector Reform Secretariat and the OGP Ghana Office reaffirmed the government’s dedication to advancing meaningful governance reforms that build public trust and promote sustainable development.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Borrowers to see relief as Ghana’s lending benchmark falls again

Ghana’s benchmark lending rate has fallen to 17.86% in October, down from 19.86% in September, according to the Ghana Association of Banks (GAB).

The two-percentage-point drop in the Ghana Reference Rate (GRR) follows the Bank of Ghana’s aggressive 350-basis-point policy rate cut in September, which lowered the monetary policy rate to 21.5%.

The reduction is expected to ease lending and borrowing costs across the banking sector.

At the start of the year, the GRR stood at 29.72%, edging up slightly to 29.96% in February before steadily declining over the past six months to 19.67% in August.

Lending rates to drop in October after policy rate cut – BoG

Industry analysts have linked the latest cut to a consistent decline in key economic indicators such as inflation, treasury bill yields, and, most notably, the Bank of Ghana’s policy rate, which has been slashed by over 600 basis points to 21.5%.

According to the Bank of Ghana’s recent Monetary Policy Report, average lending rates have eased from 26.6% to 24.2%, while yields on money market instruments are also trending downward.

For instance, the 91-day treasury bill rate fell from 13.4% at the end of July 2025 to 10.3% in August.

The cut in the GRR could provide relief for businesses with variable-rate loans, which may be reviewed in line with the decline. New borrowers are also expected to benefit from lower lending costs as commercial banks adjust their rates.

The GRR, introduced in 2017 by the Bank of Ghana and GAB, was designed to improve transparency in loan pricing and guide banks in setting interest rates.

The maiden rate was pegged at 16.82% in April 2017.

SP/MA

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President John Dramani Mahama

President John Dramani Mahama has warned that Ghana risks severe economic and social disruption if investments in digitalisation are not matched with equal commitment to cybersecurity.

Launching the 2025 National Cyber Security Awareness Month (NCSAM) and inaugurating the Joint Cybersecurity Committee (JCC) in Accra, the President said digital transformation must be underpinned by resilient systems capable of safeguarding national infrastructure, financial institutions and citizens’ data.

Citing an IMF report from April 2024, he revealed that 20 percent of all cyberattacks globally target the financial sector, resulting in losses estimated at US$12 billion. Ghana’s own financial system, he noted, has also been spared.

“Digitalisation investment without cybersecurity enhancement is unsustainable for any economy. A single vulnerability can cripple entire sectors—whether power grids, banking systems, healthcare or defence. Cyber incidents cost not only money but also jobs, lives and growth opportunities,” President Mahama stressed.

He highlighted ongoing interventions such as the One Million Coders Programme, the Digital Jobs Initiative, ICT parks including the Dawa ICT Park, and a US$50 million Fintech Growth Fund—all designed to advance innovation and secure digital infrastructure. These, he said, feed into the 24-hour economy policy to drive growth and job creation.

Minister of Communication, Digital Technology and Innovations, Samuel Nartey George, emphasised Ghana’s digital reach, with 24.3 million internet users ranking the country 15th globally. He disclosed that plans are underway to establish sector-specific cybersecurity frameworks and a specialist Cybercrime Court, alongside a Cybersecurity Fund to finance national resilience.

Director-General of the Cyber Security Authority (CSA), Divine Selase Agbeti, announced nationwide school curricula, community engagements and public campaigns throughout October to boost awareness. He admitted, however, that the CSA faces a shortage of skilled professionals, underfunding and a persistent brain drain.

Interior Minister Muntaka Mohammed-Mubarak added that the Police Service’s Cybercrime and Digital Forensic Unit is advancing in proactive intelligence gathering, though it requires greater technological support.

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Lydia Lamisi Akanvariba, Minister of State in charge of Public Sector Reforms leads the delegation

Ghana will participate in the 2025 Global Open Government Partnership (OGP) Summit scheduled to take place in Vitoria-Gasteiz, Spain, from October 7 to 9.

The Summit is expected to draw Heads of State, senior government officials, civil society leaders, and international partners to exchange experiences, share best practices, and review progress on open governance reforms and the implementation of National Action Plans.

Ghana’s delegation will be led by Lydia Lamisi Akanvariba, Member of Parliament and Minister of State in charge of Public Sector Reforms, alongside Nana Oye Bampoe Addo, Deputy Chief of Staff (Administration).

Other participants will include Members of Parliament, key sector ministers, government officials, and civil society leaders.

According to the Open Government Partnership (OGP) Ghana Office, operating under the Public Sector Reform Secretariat, this diverse delegation “reflects Ghana’s unwavering commitment to the principles of Transparency, Accountability, Citizen’s Participation and Innovation in governance.”

The Secretariat further reaffirmed the government’s determination to strengthen trust in public institutions through reforms that deliver tangible benefits for citizens.

“The Public Sector Reform Secretariat and the OGP Ghana Office reaffirm government’s dedication to advancing governance reforms that foster trust among public institutions and promote sustainable development for all,” the statement noted.

The 2025 Summit will offer Ghana the opportunity to showcase progress in governance reforms while learning from global counterparts on innovative ways to deepen democratic accountability.

Dr Mawuli Lumor is the Director of Policy, Planning, Research, Monitoring and Evaluation at WRC

The Director of Policy, Planning, Research, Monitoring and Evaluation at the Water Resources Commission (WRC), Dr Mawuli Lumor, has warned that Ghana’s renewable water supply per person is declining at an alarming rate, raising the possibility of severe water restrictions in the near future if urgent measures are not taken.

Speaking on The Point of View on Channel One TV on Wednesday, October 1, 2025, Dr Lumor explained how the Commission computes the country’s water stress levels.

“We compute our report annually, and basically the computation is quite simple. Ghana is estimated to have around 53 billion cubic meters of renewable water per annum. Then we look at our population,” he said.

Ghana risks clean water crisis by 2030 – Dr Aduko warns

According to him, the calculation involves dividing the total renewable water by the population.

However, while the water volume remains constant, the population keeps growing, reducing the per capita share.

“In 2016, Ghana’s renewable water per person was around 1,900 cubic meters. Today, it has dropped to about 1,500 a significant decline in less than a decade,” he indicated.

He further stressed that this figure includes polluted water, which means the actual usable supply per person is even lower.

“So, by nature, we are already getting less water, and our activities are polluting what we’re already getting. That means we are moving towards dangerous grounds,” he cautioned.

Mahama will fix Tamale water crisis as part of reset agenda – Oti Bless

Dr Lumor warned that if the trend continues, Ghana may have to follow the example of countries such as South Africa, where governments imposed strict limits on water use in some areas due to critical shortages.

“Possibly, as happened in South Africa about two or three years ago, government will have to step in and limit the use of water for particular locations considering the stress levels,” he stated.

MRA/VPO

‘Stop the crocro the john attitude’ – Watch as Kofi Kapito blasts Sam George over DStv saga

The Ghana Institution of Engineering (GhIE), has appointed Ing Dr Enyonam Kpekpena as the new Executive Director of the Institution.

She takes over from Ing Samuel Magnus Asiedu, who has served the institution in an acting capacity for the past 10 months, after the exit of the then Executive Director, Ing David Kwatia Nyante.

At a handing-over ceremony held at the Engineering Centre, Roman Ridge, Accra on Wednesday, the President of GhIE, Ing Ludwig Annang Hesse, led the handing-over of the mantle from Ing Samuel Magnus Asiedu to Ing Dr Enyonam Kpekpena as the new Executive Director of GhIE.

The President of GhIE also used the occasion to express appreciation to Ing Samuel Magnus Asiedu for his dedicated service to the institution. During Ing Asiedu’s 10 months of dedicated service to GhIE, he is credited with a lot of project initiatives and accomplishments.

Notably among them include, the streamlining of the accounts unit, help in recruiting 2 new directors, the execution of the GhIE Engineering Conference and AGM, the Inauguration of the GhIE Alternative Dispute Resolution Centre (ADR Centre), and the remodeling and refurbishment of the GhIE e-Library. Under his eagle eye, the state of the institution’s finances has considerably improved.

Ing Ludwig Annang Hesse explained that the Executive Director’s role is a sacrificial job for GhIE members, therefore, he thanked the Electricity Company of Ghana (ECG) for allowing Ing Kpekpena to provide this service to GhIE on secondment.

“We didn’t ask for you because you are a woman, we asked for you because you are competent to take on this role for the institution,” the GhIE President concluded.

In his handing over address, the outgoing Executive Director of GhIE, Ing Samuel Magnus Asiedu said, it had been an honour and a privilege to serve as Acting Executive Director of GhIE over the past 10 months.

“I am deeply grateful to the Council, staff and members for your trust, collaboration, and unwavering support. Your dedication has made my role not only fulfilling but truly inspiring. I am delighted to hand over to Ing Dr. (Mrs.) Enyonam Kpekpena as the new Executive Director, a visionary leader whose experience and passion will undoubtedly propel GhIE to greater heights,” Ing. Samuel Magnus Asiedu added.

In her acceptance speech, Ing Dr. (Mrs.) Enyonam Kpekpena said, she would continue from where her predecessors left off. She pledged to give her very best and provide an unalloyed service to the institution as the new Executive Director.

“As I take over the mantle, I am mindful of the vision, dedication, and sacrifices of those who have led this noble institution before me. Their contributions have built GhIE into the highly respected professional body it is today—one that shapes national policy, drives engineering excellence, and provides a platform for advocacy and innovation across all sectors of our nation’s development.” Ing Enyonam Kpekpena said.

She added, “I take this responsibility not only as a personal honour but as a call to service—service to our members, service to our profession, and service to Ghana. My commitment is to build on the solid foundation laid by my predecessors, ensuring that GhIE continues to be a leader in promoting engineering standards, advancing technology and innovation, and influencing national development priorities.”

“I am grateful to the Electricity Company of Ghana (ECG) for releasing me on secondment and for their continuous support to the engineering profession. I am equally thankful to my husband, Ing Kwame Kpekpena, my mum Madam Josephine Matanawui, my dear sisters, family, colleagues, Women in Engineering (WinE) Ghana members, mentors, and partners who have encouraged me along this journey.”

A congratulatory message was delivered by the President-Elect of GhIE, Ing. Sophia Tijani, stated that it has been misconstrued by a lot of people that women are their own enemies, but, with GhIE Women-in-Engineering, it is the reverse.

She pledged her full support to Ing Enyonam Kpekpena to succeed as the new Executive Director of GhIE. The President of WinE Ghana, Ing Jane Naki Tetteh-Anowie, on behalf of WinE, said, “Dr. Kpekpena has been a shining light for women in engineering, an inspiration, a mentor, and a trailblazer. Her dedication, excellence, and service to both GhIE and WinE have left an indelible mark, and we are deeply proud to see her step into this new role.”

Other members who gave congratulatory messages included, Ing Dr. Kwame Boakye (a past president of GhIE) and Ing Dr. Patrick Amoah Bekoe (the current Vice-President of GhIE). Ing Carlien Bou-Chedid, (a past president and executive secretary of GhIE), Ing Kwame Kpekpena, the husband of the new Executive Director, and some past Presidents and Council members, were present to witness the handing-over ceremony.

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Stephen Adom

The Ho Municipal Assembly (HMA) has rolled out an ambitious package of projects and reforms aimed at enhancing education, infrastructure, revenue mobilisation and environmental sustainability, reaffirming its commitment to improving livelihoods and accountability in governance.

The Municipal Chief Executive (MCE), Stephen Adom, announced the measures during the 3rd Meeting of the 2nd Session of the 9th Assembly held in Ho, where he outlined new projects and policy interventions that will transform the municipality.

Education featured prominently on the agenda, the projects will expand access and improve learning conditions.

These include the construction of a three-unit classroom block for kindergarten pupils at Hodzo Alavanyo, a six-unit primary school block with ancillary facilities at Nyive, and a three-unit kindergarten block with offices at Bankoe RC School.

Other projects cover the renovation of a three-unit Junior High School block at Ziavi, and the construction of new facilities at Kpenoe, comprising a kindergarten block, a primary block and a JHS block. The Assembly is also procuring 2,000 mono desks and 1,800 dual desks for schools across the municipality.

“These interventions will provide a conducive environment for our children to learn and excel,” he stated, stressing the Assembly’s commitment to building a strong educational foundation for the future.

Mr. Adom also disclosed that the Assembly received GH¢2,220,957.52 and GH¢4,590,707.51 from the District Assemblies Common Fund (DACF) for the first and second quarters of 2025 respectively. For the third quarter, a revenue projection of GH¢1,076,533.14 was set, of which GH¢973,546.81, representing 90 percent, had been collected as of August 31.

Beyond education, the MCE announced several flagship projects to enhance infrastructure and civic amenities. These include the commencement of work on the Kpenoe–Takla–Hodzo road, the construction of 500 steps at Kabakaba Hill to promote tourism and access, and the design of a modern 24-hour market at the Civic Centre.

Mr. Adom also confirmed the termination of the current AstroTurf contract due to non-performance by the contractor.

On internal management and accountability, the MCE stated that newly posted National Service personnel will be deployed to strengthen revenue mobilisation.

He cautioned that strict disciplinary action would be taken against Assembly staff who exhibit absenteeism or poor punctuality.

From Daniel K. Orlando, Ho

Ranking Member of the Committee has given a 90-day ultimatum for Muniru to refund the money

The Public Accounts Committee of Parliament has directed Ibrahim Muniru, the Deputy Head of Human Resources (HR) at the Ministry of Environment, Science and Technology, to refund an amount of GH¢31,847.00.

This follows revelations in the Auditor-General’s Report that Muniru allegedly continued to validate the salary of Abdul-Hakeem Iddrisu, an employee who had vacated his post.

According to the report, Abdul-Hakeem Iddrisu was absent from work for a total of 109 working days between March and August 2024, despite receiving two absenteeism queries from his immediate supervisor.

Despite these red flags, the Deputy HR allegedly continued to authorize payments, a move the Committee described as a clear breach of financial regulations and administrative procedures.

During PAC’s public hearing on Wednesday October 1, 2025, in Parliament House, Accra, Samuel Atta-Mills, the Ranking Member of the Committee, gave a 90-day ultimatum for Muniru to refund the money.

“Madam [referring to the HR of the ministry], we will make it simple; whoever did the validation will pay GH¢31,847.00 as ruled. Auditors make sure that the person pays. He’s in the office; he’s probably watching us. He has to pay GH¢31,847.00, and we’re giving him 90 days to pay this amount,” he said.

On her part, Madam Abena Osei-Asare, the Chairperson of the Committee, in her reaction said: “You knew he wasn’t at work; his supervisor had written a query that had been raised, and yet you kept paying him. All these things were brought to your attention, yet the validator kept validating.”

PAC on Monday, September 29, reconvened to continue its public hearings to review the Auditor-General’s report for the year ending December 31, 2024.

The Committee has been scrutinizing various government Ministries, Departments, and Agencies (MDAs) for alleged financial irregularities.

Among the agencies and ministries appearing before the Committee are the Ghana Statistical Service, the Ministry of Health, the Ghana Health Service, the Ministry for the Interior, the Ministry of Justice and the Attorney General’s Department and the Ministry of Local Government, Chieftaincy, and Religious Affairs.

Others are the Ministry of Sports and Recreation, the Ministry of Food and Agriculture, the Ministry of Fisheries and Aquaculture, the Ministry of Tourism, Culture and Creative Art, the Ministry of Trade, Agribusiness and Industry, the Ministry of Environment, Science and Technology, and the Ministry of Transport.

The PAC’s scrutiny of the Auditor-General’s report highlights the Committee’s commitment to ensuring accountability and transparency in government financial dealings.

The Committee has adjourned to Monday, October 27, 2025.

By Simon Asare
Accra, Oct. 2, GNA – Former Great Olympics coach Annor Walker has passed on after a short illness. 

Coach Walker was recently the Technical Director of Ghana Premier League side Vision FC until his death on Wednesday, October 1, 2025, which marked the end of an amazing coaching career. 
He was the coach of Ghana’s Black Galaxies, leading them to the CHAN Tournament in Egypt in 2022.   

Coach Walker, a CAF licence holder, gained prominence with Nania FC, first as an assistant and then as head coach from 2005 until 2011.   

He is also well known for exploits with Accra Great Olympics, where he made the team a formidable side in the Ghana Premier League a few years ago. 
Throughout his coaching career, he has coached various top-tier clubs, including Nania FC, Kpando Hearts of Lions, FC Samartex and Berekum Chelsea. 

Annor Walker, known for his tactical discipline, strong eye for talent, and unwavering dedication to the growth of Ghanaian football, leaves a long impact in the football community.   

GNA 
Kenneth Odeng Adade 

The Minister for Transport, Joseph Bukari Nipke, has outlined plans by government to integrate Ghana’s four main modes of transport to make travel easier and more seamless for citizens.

Speaking on the Citi Breakfast Show on Thursday, October 2, 2025, Mr. Nipke explained that the government’s vision is to create an interconnected system that allows travellers to conveniently switch between air, rail, road, and inland water transport.

“Our vision is how we can integrate the four modes of transport to make travel easier or seamless for people. When you take the aviation sector, although people say it is expensive, it is the fastest, depending on where you want to go and what you want to do,” he said.

He added that beyond aviation, the government is working to improve other modes, particularly rail and inland water transport, to complement the road network.

“We are looking at how to improve on the rest of the modes of transport—railway, and also the inland water transport services. That will integrate the transport system, so you can use one to a point and continue with the other options,” the minister explained.

According to him, the goal is to ease mobility, reduce travel times, and expand accessibility across the country by leveraging the strengths of each transport mode.

GH¢12.9bn in misappropriated funds recovered so far – PAC