Ghana Water Ltd (GWL) has taken a significant step towards strengthening its internal control systems and promoting transparency and accountability.
The company has inaugurated a new five-member Audit Committee, chaired by Gladie Gillian Naadu Teto, a seasoned expert in governance and public financial management.
This move is in line with the Public Financial Management (PFM) Act, 2016 (Act 921).
The committee’s primary responsibilities include overseeing the implementation of internal and external audit recommendations, monitoring financial reporting processes, ensuring compliance with relevant laws and policies, and advising management on risk.
As an advisory body, the committee will support management in establishing robust internal control systems and identifying early warning signals that could impact operational efficiency or financial integrity.
Speaking at the inauguration, Adam Mutawakilu, Managing Director of GWL, emphasized the committee’s crucial role in promoting transparency and accountability.
He reiterated President John Mahama’s call for public servants to embrace accountability and lead by example, stressing the importance of responsible leadership, transparency, and public trust in governance.
Mr. Mutawakilu noted that the inauguration of the Audit Committee reflects the broader national commitment to promoting transparency, integrity, and good governance in the public sector.
He also highlighted the President’s plans to introduce a Code of Conduct for individuals in positions of trust, aimed at reinforcing ethical leadership and responsible stewardship of public resources.
The Audit Committee is expected to collaborate closely with management and internal audit units to strengthen the risk management framework and implement audit recommendations.
Dr. Eric Oduro Osae, Director-General of the Internal Audit Agency (IAA), administered the official induction and emphasized the committee’s dual role of oversight and advisory.
The committee is required to submit an annual status of implementation report to the President, Parliament, the Auditor-General, and the Internal Audit Agency. With the inauguration of the new Audit Committee, GWL is poised to enhance its financial oversight and ensure that its operations meet the highest standards of integrity.
