• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 22, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Prof. Asare Blasts National Cathedral Spending After Deloitte Audit

July 20, 2025
Lilian Ahedorby Lilian Ahedor
in General News
0
national cathedral hole to be turned into National Culture Center

National Cathedral

The National Cathedral Scandal has rapidly become the country’s most expensive unbuilt project, according to Prof. Stephen Kwaku Asare, a Democracy and Development Fellow at CDD-Ghana. 

What initially began as a personal religious pledge has, in his assessment, transformed into a financial catastrophe that has drained over GH₵604million ($58 million) from state funds, as confirmed by a CHRAJ investigation.

Prof. Asare highlighted that Deloitte’s recent audit report has only deepened public dismay. The report issued a partial disclaimer, flagged serious irregularities, raised a warning, and revealed debts that could inflate total costs to nearly $97 million. He emphasized that such findings expose the dire financial health of the project.

RelatedPosts

CDD-Ghana Fellow Demands Urgent Action over ECG-Hubtel Financial Irregularities

Early NPP Primaries Mark Critical Turning Point- IMANI

Prisons Service, YEA Partner to Recruit 5,000 Youth

The academic labeled the situation “Misgovernance in the Name of God”, pointing out that the CHRAJ report reveals a blatant abuse of power. 

He criticized the release of over GH₵339 million without parliamentary approval, describing it as a conscious attempt to sidestep constitutional protocols, despite government assurances that the project would be privately funded.

“But that’s not the most damning part. The revelation that Rev. Victor Kusi-Boateng operated under a second identity—Kwabena Adu Gyamfi—to simultaneously sit on the Cathedral Board and receive payments through JNS Talent Centre Ltd. is nothing short of identity fraud. The ₵2.6 million payment to his company, without any documented justification, was not just unethical, it was criminal.”

Prof. Stephen Kwaku Asare

Accordingly, Prof. Asare criticized the procurement practices involved in the National Cathedral Scandal. He described them as a textbook example of public fund mismanagement. 

Contracts were awarded without competitive bidding, tenders were absent, and there were no analyses ensuring value for money. Firms like Adjaye & Associates, Ribade JV, and JNS Talent Centre, he argued, were all part of a murky network operating without transparency or accountability.

Professor Stephen Kwaku Asare on national cathedral spending
Professor Stephen Kwaku (Azar) Asare

Deloitte’s audit findings, Prof. Asare explained, reinforce the severity of the situation. 

While CHRAJ unveiled top-level misconduct, Deloitte’s financial audit uncovered the deeper, systemic problems. Instances like GH₵15.7 million paid prior to contract signing, scope expansions worth over $12 million without requisite approvals, and invoices submitted in mixed currencies without Bank of Ghana oversight were cited as alarming examples. 

There were also conflicting payment records, missing documentation, and unexplained mobile money reversals that, in Prof. Asare’s words, were “more mysterious than the Spirit and twice as untraceable.”

He warned that the financial viability of the Cathedral is in serious question, asserting that it represents not a spiritual monument but a bottomless financial pit.

Call For Full Forensic Audit On National Cathedral Intensifies

Prof. Kwaku Asare further stressed why a forensic audit of the National Cathedral is essential at this point. While both CHRAJ and Deloitte have provided critical findings, their investigative mandates were limited. 

CHRAJ’s probe was constrained to constitutional breaches, ethical lapses, and administrative justice, lacking the authority to trace illicit funds or pursue criminal prosecution. 

Deloitte’s work, meanwhile, focused strictly on financial reporting and compliance, without delving into fraud detection or identifying hidden beneficiaries.

National Security Scandal calls for audit
Audit

As a result, CHRAJ recommended a forensic audit, and the government has instructed the Auditor-General to carry one out. 

Prof. Asare argued that such an audit could finally uncover whether funds were deliberately diverted or stolen. 

“A forensic audit goes far beyond the scope of CHRAJ and Deloitte. Only a forensic audit can follow the money, unmask hidden beneficiaries, reconstruct shredded trails, and determine whether funds were deliberately diverted or stolen. It is the missing link between troubling findings and actual accountability.

“Most importantly, a forensic audit connects the financial misconduct to individuals, enabling enforcement of Article 187(7)(b) of the Constitution—disallowance and surcharge—and laying the foundation for prosecution.”

Prof. Stephen Kwaku Asare

According to Prof. Asare, the current findings, while troubling, are insufficient if they do not lead to real consequences. 

He emphasized that financial misconduct should not result in mere paper reports but should lead to disallowance, surcharges, and eventual criminal charges.

He further argued that prosecutions must follow. If this situation is not treated as a prosecutable offense, he warned, it would send a dangerous message that financial mismanagement at elite levels is acceptable. 

The displacement of judges, demolition of apartments, and the squandering of $97 million should not be ignored. He cautioned that failing to act would not merely tolerate corruption—it would entrench it.

National Cathedral board rejects repurposing of project
Ghana National Cathedral Project

Prof. Asare clarified that his call for accountability is not an attack on religion or development but a demand for ethical governance. He urged that the issue must not be reduced to partisan politics. 

Individuals, not political parties, orchestrated these schemes, signed these contracts, and benefited from the transactions. Those individuals, he stated, must be named, prosecuted, and, if found guilty, jailed.

He concluded that no one should be shielded from justice by their political affiliations. To restore trust in public institutions, accountability must become the standard, regardless of political ties or religious justifications.

Prof. Asare called for justice to flow not just like a river, but like what he termed a “Cathedral of accountability: strong, sacred, and impossible to loot.” 

The public, he warned, is watching, and without action, the nation’s foundation of justice could crumble louder than the unbuilt Cathedral itself.

READ ALSO: Ayra Starr Makes RIAA Latin Diamond History

Tags: CHRAJ Audit ReportForensic Audit DemandGhana CorruptionNational Cathedral ScandalProf Stephen Kwaku Asare
Please login to join discussion
Previous Post

Mahama Breaks Ground for Blekusu Coastal Protection Phase Two

Next Post

Rachel Reeves Eyes Bitcoin Sale To Fill Revenue Gap

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

Professor Stephen Kwaku Asare
General News

CDD-Ghana Fellow Demands Urgent Action over ECG-Hubtel Financial Irregularities

July 22, 2025
NPP primaries, a strategic move
General News

Early NPP Primaries Mark Critical Turning Point- IMANI

July 22, 2025
Shock Loss for Societe Generale as GSE Records Mixed Signals in First Weekday Trading
Securities/Markets

Shock Loss for Societe Generale as GSE Records Mixed Signals in First Weekday Trading

July 22, 2025
Prisons Service, YEA Partner to Recruit 5,000 Youth, Service, Youth
General News

Prisons Service, YEA Partner to Recruit 5,000 Youth

July 21, 2025
Philippine President To Meet Trump Over Trade Deal
Asia

Philippine President To Meet Trump Over Trade Deal

July 21, 2025
Hon. Kojo Oppong Nkrumah, Police, Violence
General News

Oppong Nkrumah Blames Police for Election Violence, Warns of Bloodshed

July 21, 2025
Professor Stephen Kwaku Asare
General News

CDD-Ghana Fellow Demands Urgent Action over ECG-Hubtel Financial Irregularities

by Evans Junior OwuJuly 22, 2025
NPP primaries, a strategic move
General News

Early NPP Primaries Mark Critical Turning Point- IMANI

by Lilian AhedorJuly 22, 2025
Shock Loss for Societe Generale as GSE Records Mixed Signals in First Weekday Trading
Securities/Markets

Shock Loss for Societe Generale as GSE Records Mixed Signals in First Weekday Trading

by Stephen M.CJuly 22, 2025
Prisons Service, YEA Partner to Recruit 5,000 Youth, Service, Youth
General News

Prisons Service, YEA Partner to Recruit 5,000 Youth

by Silas Kafui AssemJuly 21, 2025
Philippine President To Meet Trump Over Trade Deal
Asia

Philippine President To Meet Trump Over Trade Deal

by Comfort AmpomaaJuly 21, 2025
Hon. Kojo Oppong Nkrumah, Police, Violence
General News

Oppong Nkrumah Blames Police for Election Violence, Warns of Bloodshed

by Silas Kafui AssemJuly 21, 2025
Professor Stephen Kwaku Asare
NPP primaries, a strategic move
Shock Loss for Societe Generale as GSE Records Mixed Signals in First Weekday Trading
Prisons Service, YEA Partner to Recruit 5,000 Youth, Service, Youth
Philippine President To Meet Trump Over Trade Deal
Hon. Kojo Oppong Nkrumah, Police, Violence
[/vc_row_inner]

Recent News

  • CDD-Ghana Fellow Demands Urgent Action over ECG-Hubtel Financial Irregularities
  • Early NPP Primaries Mark Critical Turning Point- IMANI
  • Shock Loss for Societe Generale as GSE Records Mixed Signals in First Weekday Trading
  • Prisons Service, YEA Partner to Recruit 5,000 Youth
  • Philippine President To Meet Trump Over Trade Deal
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.