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Former Member of Parliament for Nhyiaeso now aspiring Kumasi Metropolitan Assembly Mayor, Kennedy Kwasi Kankam, together with past Finance Officer Mr Daniel Kofi Kamkam and Coordinating Director, Mr Samuel Donkor have been indicted by the audit service for misapplying funds.
 
The trio, according to the findings of an audit report of the financial management of the Kumasi Metropolitan Assembly (KMA) for the year ending 31st December, 2020, transfered a sum of GHc 500,000 from the MPs Constituency Labour Project Fund and Social Investment Fund to Barclays Bank Ghana Limited (currently Absa Bank Ltd.), Kroform branch suspense account.
 
According to the report, the former Nhyiaeso MP is alleged to have given instructions for the amount to be disbursed to 430 'unknown' people as a loan with the intent to recoup or recoverable by August 2020.
 
“But as at January 2021 no recovery had been made, thus exposing the Assembly to a high risk of losing the GHȼ500,000.00, which could have funded projects to the benefit of the entire community.” – the report said
 
The Audit Service recommended that Kankam and the officials involved should “take steps to recover the amount into the KMA Member of Parliament for Nhyiaeso’s Common Fund account”.
 
Read the FULL Audit report below: