The Ghana COVID-19 Private Sector Fund (GCPSF) has described claims in the Auditor General’s management report that it could trade with public funds for personal gains as inaccurate and misleading.
“We have taken note of the Auditor-General’s management report in reference to the National COVID-19 Trust Fund (NCTF). The report makes inaccurate and misleading references to the COVID-19 Private Sector Fund (GCPSF).”
In a statement signed by the managing trustee, Senyo Hosi noted that “as a transparent and open organization whose activities are funded by the public, we are concerned by the misrepresentations made and hereby address the issues as follows.
“1. The GCPSF has had a healthy cooperation with the NCTF which has ultimately been beneficial to the people of Ghana. We are grateful to the NCTF and proud of the successes attained by the partnership in the provision of public goods.”
“2. We are gravely concerned by the statement made in paragraph 30 of the Auditor-General’s management letter which suggests that the GCPSF could trade with public funds for personal gains. We are a not-for-profit organisation and do not engage in trading. Neither have we suggested, acted, nor purported to engage in commercial activities for which the GCPSF, its trustees, officers, assigns or representatives shall or stand to benefit personally.
“3. As is publicly known, the GCPSF operates with very competent structures with reputable partners like KPMG (Fund Accountants), Ernst & Young (Fund Auditors), Stanbic Investment Management Service (Fund Managers), Fidelity Bank and Ecobank (Fund Custodians), Bentsi, Enchill, Letsa & Ankomah (Fund Lawyers) and other efficient structures that ensure value for money and compliance,” the statement said.
It, therefore assured the general public of a continuous and unflinching commitment to accountability, transparency and value for money in all its activities.
