By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    Lordina Mahama, top government officials attend final funeral rites of late Dr. Omane Boamah in Koforidua
    December 14, 2025
    “The time has come for us to add value to Africa’s exports” – Mahama
    December 13, 2025
    Mahama arrives in Abuja for 68th ECOWAS Ordinary Summit
    December 13, 2025
    Cybersecurity Authority arrests 32 Nigerians for operating romance scam syndicate in Kasoa
    December 13, 2025
    Family conflicts and legal battles shifted focus from celebrating Daddy Lumba’s life — MC Portfolio 
    December 13, 2025
  • Business
    BusinessShow More
    President John Mahama speaking at the Africa Health Sovereignty Summit in Accra, aiming to fund sustainable, African-led healthcare solutions.
    “We must increase trade amongst ourselves” – Mahama calls for full AfCFTA implementation
    December 13, 2025
    Black Volta Gold Project: Azumah Resources signs $37 Million deal with FLSmidth
    December 13, 2025
    “The time has come for us to add value to Africa’s exports” – Mahama
    December 13, 2025
    Martha Korsah wins GH¢100,000 worth of electronics in NASCO Akye3de3 Kese3 promo
    December 13, 2025
    Ghana, Morocco shine in Korea as Zoomlion’s infrastructure wins global praise
    December 12, 2025
  • Politics
    PoliticsShow More
    President John Dramani Mahama advocates for clemency for 64 radio stations affected by NCA's regulatory shutdown, emphasising press freedom.
    Mahama calls on Africa to invest in youth as key to economic prosperity
    December 13, 2025
    Strengthen, don’t scrap the OSP – Dr. Bernard Bingab warns
    December 12, 2025
    Mahama requests Majority Leader and Dafeamekpor to withdraw Bill to scrap OSP
    December 11, 2025
    Kpandai rerun:  Allow democracy to thrive, stop using state institutions against opponents –  Bawumia slams govt
    December 11, 2025
    Final report on constitutional reforms to be presented on December 22 —  Mahama
    December 11, 2025
  • Entertainment
    EntertainmentShow More
    Family conflicts and legal battles shifted focus from celebrating Daddy Lumba’s life — MC Portfolio 
    December 13, 2025
    Akosua Serwaa’s absence at Daddy Lumba’s funeral a cultural blunder, raises eyebrows – MC Portfolio
    December 13, 2025
    Daddy Lumba’s funeral does not reflect how Asantes honour a symbol of unity – MC Portfolio
    December 13, 2025
    Daddy Lumba’s funeral: “The hand of the state is missing” – MC Portfolio questions state assistance
    December 13, 2025
    MC Portfolio expresses deep disappointment over Daddy Lumba’s funeral
    December 13, 2025
  • Sports
    SportsShow More
    Ghana excels at inaugural West African Para Games, secures 40 medals; receives generous donations
    December 9, 2025
    Henry Larbi re-appointed to ITF Wheelchair Tennis Committee as Africa’s sole representative
    December 8, 2025
    Samsung celebrates President Mahama at the 2025 Head of State Invitational Golf Tournament
    December 8, 2025
    Hohoe United beat Kotoko 1-0 to go 9th on GPL table
    December 7, 2025
    Kofi Adams represents Ghana, Africa at 2025 World Conference on Doping in Sport
    December 5, 2025
  • Technology
    TechnologyShow More
    IMANI files RTI request to probe govt’s upcoming SIM registration exercise
    December 9, 2025
    Samsung equips world’s largest cruise ship
    December 8, 2025
    Samsung introduces slim, portable Galaxy Z TriFold
    December 8, 2025
    R.P. Baffour Lecture urges African-led development of AI systems
    December 4, 2025
    Job camp equips startups with branding and digital skills to tackle youth unemployment
    November 30, 2025
  • International
    InternationalShow More
    President John Mahama speaking at the Africa Health Sovereignty Summit in Accra, aiming to fund sustainable, African-led healthcare solutions.
    “We must increase trade amongst ourselves” – Mahama calls for full AfCFTA implementation
    December 13, 2025
    Black Volta Gold Project: Azumah Resources signs $37 Million deal with FLSmidth
    December 13, 2025
    “The time has come for us to add value to Africa’s exports” – Mahama
    December 13, 2025
    President John Dramani Mahama advocates for clemency for 64 radio stations affected by NCA's regulatory shutdown, emphasising press freedom.
    Mahama calls on Africa to invest in youth as key to economic prosperity
    December 13, 2025
    Mahama arrives in Abuja for 68th ECOWAS Ordinary Summit
    December 13, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: SSNIT hid PwC’s Caveat on OBS Findings – Thompson
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
GeneralHeadlines

SSNIT hid PwC’s Caveat on OBS Findings – Thompson

Starrfm.com.gh By Starrfm.com.gh Published April 28, 2018
Share
Ernest Thompson, three others face prosecution for willfully causing financial loss to the state.
SHARE

Lawyers for the embattled former Director-General of the Social Security & National Insurance Trust (SSNIT), Ernest Thompson, say they have stumbled upon new information which exposes the hidden agenda of the current SSNIT Management to destroy the image and hard won reputation of their client.

Some four officials of SSNIT including Mr. Thompson are facing charges of wilfully causing financial loss to the state.

Their indictment was as a result of an investigation by EOCO on the procurement of an ICT Software costing $72 million.

EOCO started investigating SSNIT in August 2017 after it emerged that the Trust had injected $72 million on the procurement and installation of a software and other hardware systems known as the Operational Business Suite (OBS) to digitize SSNIT’s operations which reportedly was not fully functional.

SSNIT also contracted PricewaterhouseCoopers (PWC) to conduct an audit into the contract.

In a 4-point statement released in 2017, “SSNIT said it expects the names of the people associated with the I.T (OBS) contracts to be released in the near future.”

But the lawyers of Mr. Thompson contend that although PWC slotted in a caveat to explain their remit and also the fact that they were to restrict themselves to only a review and analysis of financial information and accounting records, the assignment did not constitute an audit in accordance with International Standards on Auditing.

According to the lawyers, SSNIT Board and management hid this piece of information in PwC’s Report from the media in order to prevent them from asking the necessary questions.

They further indicated that the SSNIT press conference on the OBS project was actuated by malice and was an intellectually dishonest exercise.

According to the lawyers, the PwC final recommendation did not ask for an indictment of anybody but rather recommend further investigation of the issues they raised and that SSNIT should seek legal advice on how to handle the issues with the vendors.

They further posited that the OBS is in a form of a legal contract between the vendors and SSNIT and that the main disagreement is over the interpretation of obligations of the two main parties as PwC stated clearly in their caveat that they have not done a legal review of the contracts and documents they mentioned in their report.

The Caveat is as follows:

This report has been prepared solely for Social Security and National Insurance Trust (SSNIT) for the purpose set out in contract dated 7 August 2017. We do not accept any responsibility for losses occasioned to SSNIT or to any other third party as a result of its circulation, reproduction or use. The benchmarks used by us, including the diagrams, remain the property of, and are proprietary to, PwC. SSNIT is permitted to adapt and use this information for the purposes of improving its operations.

PricewaterhouseCoopers (Ghana) Limited has not conducted a legal review of the Agreement and other documents mentioned in this report. Independent legal advice should be obtained if required. We have not carried out a value-for money audit for the purposes of our work.

While the assignment involved a review and analysis of financial information and accounting records, the assignment does not constitute an audit in accordance with International Standards on Auditing. Accordingly, we assume no responsibility and make no representations with respect to the accuracy or completeness of any information provided by Social Security and National Insurance Trust as would have been required under a statutory audit.

The report mentions certain past and present officials of the Trust. As this is a baseline assessment in which we have provided our findings for consideration and further actions as management may determine to be appropriate, we have not interviewed the officials to obtain their comments on any of the findings.

Source: Ghana/Starrfmonline.com/103.5FM

You Might Also Like

Lordina Mahama, top government officials attend final funeral rites of late Dr. Omane Boamah in Koforidua

“We must increase trade amongst ourselves” – Mahama calls for full AfCFTA implementation

“The time has come for us to add value to Africa’s exports” – Mahama

Mahama calls on Africa to invest in youth as key to economic prosperity

Mahama arrives in Abuja for 68th ECOWAS Ordinary Summit

TAGGED:Ernest ThompsoPwCSSNIT
Share This Article
Facebook Twitter Email Print
Share
Previous Article Illegal mining: 1155 galamseyers arrested so far
Next Article Zylofon Partners Aboakyere Festival

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?