U.S. bank queried payments for Ghana ambassador’s residence renovated by company owned by embassy’s IT officer
A special forensic audit of Ghana’s Embassy in the United States has uncovered a conflict-of-interest situation in which a company owned by the embassy’s IT officer, Fred Kwarteng, was awarded a contract of nearly $296,000 to renovate the ambassador’s residence.
A forensic audit of the U.S. Embassy in Ghana has revealed a conflict of interest involving a company owned by the embassy's IT officer. The IT officer, Fred Kwarteng, owned a company called Stefrann LLC, which was awarded nearly $296,000 to renovate the ambassador's residence. The embassy made two payments to Stefrann LLC in February 2019 and June 2020.
The audit found that the transactions violated the Public Financial Management Act and the Foreign Service Regulations, both of which require proper authorization, documentation, and independent audit verification for all financial transactions. The audit also criticized the embassy's weak vendor checks and parallel financial arrangements, which undermined controls.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
