Download full report - MiDA Ghana

D. PROGRAM MANAGEMENT AND GOVERNANCE
Board Meetings
(i)
Board of Directors: There were two Board Meetings during the period under review – a followup
of the 25 th Meeting, held on 26 th October, 2009; and the 26 th Board Meeting which was also
held on 9 th December, 2009. The 26 th Meeting approved the Quarter 12 Disbursement Request
and accompanying Reports.
An Induction Workshop was held for the Board in November, 2009.
(ii)
Board Chair: The Government nominated, and following the approval of MCC and the MiDA
Board, appointed Prof. Samuel Sefa-Dedeh to the Chair of MiDA. The appointment took effect
from 4 th January, 2010 for a term of three years.
Program Audit
(i)
Internal: The Internal Audit Team completed the audit of the Credit Activity. The Audit focused
on Disbursements to Participating Financial Institutions in the Northern, Volta, Eastern and
Ashanti Regions. As part of the Audit, the Team visited the Rural Banks, Farmer Based
Organizations and Farming Outlets.
The Audit Team also held Meetings with Project Teams to understand the major risks associated
with the various Projects. The information gathered will assist the Audit Team in the preparation
of the 2010 Internal Audit Annual Plan.
(ii)
External: Messrs PricewaterhouseCoopers completed the Financial Audit of MCC Resources
for the period ended June 2009. MiDA is awaiting Office of Inspector General’s approval of the
External Audit Report.
Zonal Advisory Committees (ZACs)
The Second Round of District Advisory Committee (DAC) Meetings were held in 17 Districts – 12 in the
Southern Zone, and all the five (5) Districts in the Northern Zone. The Second Round Meetings built on
the First Round Meetings which were held in all the Districts in the previous Quarters by providing more
feedback on how the local people think implementation has gone so far and how some challenges can be
overcome. The Meetings also afforded MiDA an opportunity to keep Beneficiary Communities informed
about what is to be expected as we begin a new year.
Project Finance
The Finance Team, together with the Fiscal Agent, responded to the operational needs of MiDA and met
all MCC requirements. The Disbursement Request (DR), Quarterly Financial Report (QFR) and the
Detailed Financial Plans (DFP) were submitted to MCC for approval. In addition, the monthly Fund
Accountability Statements were prepared and submitted on time by the Fiscal Agent.
Staff Numbers
With the employment of four persons during the Quarter, the total number of Staff in MiDA’s
employment as at the end of December 2009 was 74. In addition, the seven (7) Project Support
Consultants who were engaged to strengthen Internal Capacity remained at post.
- 40 -