Workers Demand Forensic Audit At Ghanaian Times

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By Patrick Biddah

Ms Carol Annag, MD of New Times Corporation

Workers of New Times Corporation,publishers of The Ghanaian Times, have called for forensic audit into the finances of the state-owned company, arguing that there have been many irregularities at the Corporation which needs to be investigated.

A cross section of the workers, who have been up in arms against the current Managing Director, Caroline Annang, wants her administration probed, claiming she has supervised a number of rot at various departments of the Corporation.

They pointed to the advertisement and marketing department, where they alleged that proceeds are going into private pockets because the running of the department, has benefited individuals rather than the Corporation.

According to them, when institutions or individuals place adverts in the newspaper, there is a deliberate ploy to make the quality of the advert poor, thus establishing the basis for a rerun of the advert.

When these happens, theofficials in the advert department with oversight responsibility by the Managing Director, make a case for the adverts to run again. With the rerun done, payment is demanded for the initial advert described as poor and collected from the clients who placed the request.

But according to the workers who spoke to The Herald, the payment for the initial advert is pocketed by the cartel at the advertisement department and the money shard.

In view of these, the workers said an investigation into the activities will help put the finances of the Corporation on a sound footing, since a chunk of the  funds are leaking into the private pockets of some individuals.

The forensic audit, the workers added, should also cover the Purchasing Department of the Cooperation, where sole sourcing is the order of the day.

These investigations they noted, would help ascertain value for money and help bring proper scrutiny of goods that are bought for the corporation.

They warned the National Media Commission (NMC) not to make the mistake of extending the contract of the current MD, in order to pave way for the appointment of a new Managing Director, who should be business-minded adding, that the managerial style of the MD, has led to the freezing of a loan facility arrangement between the Corporation and GCB Bank.

The workers disclosed that, they are unable to access loans from the GCB bank, although workers had not defaulted on previous loans.

The Scheme loan, instituted by the government has been running for some time now, until the current MD took over four years ago.

According to the workers, their inability to access loans at GCB upon the directive of the MD, has made life difficult for them in the midst of delay in back pay and nonpayment of allowances due them.

For the workers, the only reason an inefficient MD has been hanging on at the Corporation is due to a capital injection into the New Times Corporation by central government, and they are alleging that the MD expects to manipulate the disbursement of the said funds when it comes.

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