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July 7, 2026
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ECG and 9 state institutions failed to pay over ¢3bn in taxes in 2024, driving record ¢5.2bn irregularities – Auditor-General
Money
Policy
Key Points
- Ghana recorded a record GH¢5.2 billion in financial irregularities in 2025, a 156% increase from the previous year and the highest since 2021.
- Approximately 92% (GH¢4.8 billion) of these irregularities stemmed from unpaid taxes, rather than procurement or payroll issues.
- Over GH¢3 billion of the tax irregularities were attributed to outstanding tax obligations from just ten state institutions during 2024.
- The Electricity Company of Ghana (ECG) was the largest defaulter, failing to remit approximately GH¢1.4 billion in taxes.
- The report highlights significant tax compliance challenges within public sector institutions, despite government's focus on broader domestic revenue mobilization.
Why This Matters
This report is critically important for Ghana as it exposes severe financial mismanagement and non-compliance within state institutions, directly undermining government efforts to boost domestic revenue and improve tax compliance across the broader economy. The massive unremitted taxes by state-owned enterprises strain public finances, potentially leading to increased borrowing or reduced public service delivery at a time when fiscal discipline is paramount for economic stability and investor confidence.
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