GAMING COMMISSION OF GHANA INAUGURATES ITS AUDIT COMMITTEE
The Gaming Commission has inaugurated a 5-member Audit Committee to have oversight responsibility of its financial management, internal control, risk management and governance systems.
Welcoming members from the Ministry of the Interior and the Internal Audit Agency, the Gaming Commissioner, Mr. Peter Mireku stated that it was imperative that the Commission as a public entity complied with the provisions of the Public Financial Management Act 2019 (Act 921) and guidelines from the Minister of Finance, on the effective functioning of Audit Committees. He emphasized that the establishment of the Commission’s Audit Committee was in line with strengthening the governance structure and processes of the Commission.
The 5-member committee made up of Messrs. Kena Ofori-Atta, John Warisa, Charles Osei Sarfo, Kwesi Assan-Brew, and Ms. Patience Adjoa Austin, were sworn into office by Mr. Nathan Yankey, Director of Operations at the Internal Audit Agency.
Delivering a message on behalf of the Director-General of the Internal Audit Agency, Mr. Nathan Yankey said the Audit Committee had both mandatory and advisory roles. According to him, the mandatory role requires regular review and annual reporting on the internal and external audit recommendations. The advisory roles will cover risk management practices, internal controls, governance and compliance.
On behalf of the Audit Committee, the newly-elected Chairman, Mr. Kena Ofori-Atta who is an independent member, pledged to execute their tasks professionally for the growth of the Gaming Commission.
Ms. Abena Osafo-Mensah, Deputy Director of Operations at the Gaming Commission was appointed Secretary to the Committee.
The inauguration of the Audit Committee is in fulfilment of Section 86 (1) of the Public Financial Management Act, 2016 (Act 921) which requires that an Audit Committee be established in every public entity.