Mr. Ransford Agyei, acting Director General of the Internal Audit Agency has charged members of the GIFEC audit committee to, as part of their responsibilities ensure that GIFEC code of ethics are adhered to at all times. He said this during the inauguration of the Audit Committee of the Ghana Investment Fund for Electronic Communications on Tuesday, March 27, 2018 at the GIFEC Conference Room.
The inauguration is a legal mandate of the Public Financial Management Act 921, which authorizes the establishment of an Audit Committee, consisting of external members of the entity. The five member Committee is made up of two members, nominated by the Internal Audit Agency, namely; Samuel Darko (Agricultural Development Bank), Maxwell Asare Brewu (Ministry of Environment Science and Innovation) and Mr. Emmanuel Adjei, a member of the Board of Trustees.
The members swore to, among other things, uphold and truly serve the Republic of Ghana and uphold, preserve and protect the constitution as by law established. They also swore to not directly or indirectly communicate or reveal any matter brought to their knowledge unless otherwise required.
Mr. Ransford Agyei congratulated members and charged them to ensure proper internal controls, ensure management establishes a structure for enterprise risk management, and advised them to be objective, and discharge their roles with integrity and confidentiality.
In an opening address, Mr. Henry Agyeman Boateng, acting Director, Finance and Administration, welcomed everyone to the event and indicated that the current membership of the Committee is taking a different dimension, as it welcomes external members.
The acting Deputy Administrator also congratulated the members and assured them of GIFEC’s co-operation and access at all times.
Speaking on behalf of the Committee members, Mr. Emmanuel Adjei said that this duty compliments the functions and activities of the Board of Trustees, adding that it will enforce compliance and control in order to make the institution strong.