Africa-Press – Gambia. Members of the National Assembly’s Finance and Public Accounts Committee (FPAC) have raised concerns over an unresolved D2.8 million transfer that remains outstanding in government accounts, citing weaknesses in system design and delayed reconciliations within the treasury.
The issue emerged during FPAC’s review of the Auditor General’s reports on government accounts from 2021 to 2024, which flagged discrepancies involving funds posted through a sub-treasury transit account.
Officials from the Accountant General’s Department told the committee that while a misposting of D91,500 was corrected through a journal adjustment, a larger amount of D2,837,848 could not be cleared because the account used was “not designed as a rolling balance.”
Committee members questioned why one correction was possible while the other remained unresolved.
Treasury officials explained that the funds passed through a transit account used for temporary transfers between the Accountant General and sub-treasuries, with the transaction spanning two financial years, making reconciliation difficult after year-end system closures.
Lawmakers insisted that transit accounts should ordinarily reconcile to zero and urged officials to provide documented evidence to clear the discrepancy.
FPAC warned that unresolved figures, particularly in the millions, undermine confidence in public financial reporting and called for faster corrective action.
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