“During the year, GPA acquired properties in the Half-Die area, including a former vocational training centre and Muslim Senior Secondary School, to increase storage space by about 17,000 square metres,” he stated., saying: “People living on the land were relocated, and compensation was provided to residents and farmers.”
According to GPA managing director, some projects in the 2019 Port Master Plan, such as terminal expansion and port digitalisation, could not start due to funding issues. Preliminary consultancy work was completed by the Royal Household Department of the Netherlands.
DT Associates, an audit firm led by Agie Penda Sankareh, highlighted issues including unapproved waivers to shipping lines, discrepancies in inventory, non-consolidation of investments, and suspected fraud of over D37 million in the Traffic Department, according to report on GPA.
They recommended stronger controls and oversight. GPA management said steps are being taken to address these issues.
The MD and the Finance Director said total assets rose to D4.12 billion, equity stood at D3.78 billion, and the Authority’s finances remain sufficient to meet operational needs.
The report, including financial statements and the management letter, was reviewed by the Standing Committee on Public Enterprises.
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