Cash waterfall mechanism undergoes audit to bring transparency and accountability Amin Adam [Video]

Finance Minister Mohammed Amin Adam has revealed that the government has begun auditing the Cash Waterfall Mechanism through which revenue collected from the electricity market by the Electricity Company of Ghana (ECG) is shared across the value chain.

According to Dr Adam, addressing the challenges facing the cash waterfall mechanism will bring accountability and transparency to revenue collections and ensure it is being used for its purpose.

Speaking to the media at a press conference on the sidelines of the IMF and World Bank Spring Meetings in Washington DC, he said “To bring accountability and transparency to bear on the cash waterfall mechanism, we have started auditing and we are also required to publish the findings from the audit. We have already done one audit and we have published the findings.”

“We are going to continue to do that so that we can bring transparency and accountability so that all …