The Ag. The Director-General of the Internal Audit Agency (IAA), Mr. Thomas A. Thompson-Aryee, swore in two representatives of the IAA to the Audit Committee of the University of Ghana Medical Centre (UGMC) on 28th October, 2025.
In his remarks, the Chief Executive Officer, Dr. Abdul-Samed Tanko, mentioned that the Audit Committee is a high-level corporate governance institution enshrined in the PFM Act 2016 (Act 921). He urged members of the Committee to support management in maintaining confidence in the financial management of UGMC.
Delivering his address, the Ag. Director-General enumerated the statutory functions of the Committee, which include pursuing the Principal Spending Officer to implement audit recommendations in internal and external audit reports, monitoring reports, and other statutory reports.
Mr. Thompson-Aryee alluded to amendments to the PPA Act. He mentioned the introduction of the Commitment Authorisation by the Ministry of Finance that requires institutions to seek approval for procurement transactions beyond the threshold of the Entity Tender Committee or requires approval by the PPA Board.
