Tuesday, July 15, 2025

IAA SWEARS-IN THE AUDIT COMMITTEE OF NEDCo

On behalf of the Ag. Director-General of the Internal Audit Agency, (IAA), Mr. Thomas A. Thompson-Aryee, Mr. Hayford Dowuona-Hammond, Deputy Director in charge of the Office of the Director-General swore-in the Audit Committee of the Northern Electricity Distribution Company (NEDCo) on 26th June, 2025 in the Company’s Conference Room at Tamale. Mr. Hashim Iddrisu, Director responsible for Commercial, chaired the event on behalf of the Managing Director, Ing. John Okine Yamoah.

Members of the Committee are Mr. Frank Amedume (IAA Rep and Chairman of the Committee), Alhaji Seidu Abdulai (IAA Rep) and All-aji Issifu Mahama (ICAG Rep). Mr. Terrence Ninnang is Secretary to the Committee.

Mr. Iddrisu in his welcome address stated that the establishment of Audit Committee as prescribed by the PFM Act 2016, (Act 921) has helped in the strengthening of internal controls at NEDCo. He stressed that the institution has derived value from the operations of the Committee. He enjoined on the new Committee to perform its statutory functions effectively. He added that Management will provide the needed moral and financial support to members of the Committee.

Mr. Frank Amedume in his acceptance of the chairmanship speech said he was privileged to be elected and thanked fellow members of the Committee for the confidence reposed in him. He mentioned that he was committed to working diligently with other members of the Committee to perform their statutory functions. He requested Management to collaborate with the Committee on the performance of its duties.

Delivering the Ag. Director-General’s speech, Mr. Dowuona-Hammond mentioned that the IAA and ICAG representatives are seasoned professionals who will bring their experience to bear on the operations of the institution. He outlined the mandatory and advisory roles of the Audit Committee as prescribed by Section 88 of the PFM Act 2016. The mandatory roles of the Committee as enumerated by the Deputy Director include pursuing the implementation of recommendations in internal and external audit reports, recommendations from the Public Accounts Committee (PAC) and other monitoring reports. It also includes providing an annual statement which should include Status of implementation prepared by Management.

On the advisory roles, Mr. Dowuona-Hammond stated that the Committee should advise Management on risk and financial management practices as well as governance processes. He further advised the Committee to provide support to the work of the Internal Auditor.

Mr. Iddrisu in closing said NEDCo collaborate with the members of the Audit Committee and endeavor to provide the resources they will require to function efficiently.

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