National Cathedral Audit: GHS2.6 Million ‘Loan’ Taken from Rev. Kusi Boateng’s Company Without Documentation – Kwakye Ofosu

Fresh revelations from the Deloitte audit report on the National Cathedral project have unveiled a troubling financial transaction involving a GHS2.6 million loan taken from a company owned by Reverend Victor Kusi Boateng, a former member of the now-defunct Board of Trustees.

According to Government Spokesperson and Minister for Government Communications, Felix Kwakye Ofosu, the loan was not backed by any written agreement, had no stated terms, and showed no traceable accountability in the project’s official financial records.

“The Deloitte report shows that GHS2.6 million was sourced from a company belonging to Rev. Kusi Boateng without a single document defining the purpose, repayment terms, or authorization. This is a serious breach of financial governance,” Kwakye Ofosu stated during a press briefing at the Jubilee House.

The absence of any contractual documentation, he said, raises major questions about conflict of interest, transparency, and possible misuse of public funds.

Rev. Kusi Boateng, who previously served on the Board of Trustees of the National Cathedral, has long faced scrutiny over his dual identity and overlapping financial interests related to the project.

This latest revelation is one of many outlined in the Deloitte and Touche audit, which has exposed wide-ranging financial irregularities, procurement breaches, and discrepancies in contract payments. The audit placed the total project cost at $97 million, with $39 million still owed to contractors despite prolonged inactivity at the construction site.

Kwakye Ofosu reaffirmed government’s commitment to accountability, noting that the Auditor-General has been tasked to conduct a forensic audit, while the Attorney-General moves to terminate the contract and protect public funds.

“The government will not allow such reckless misuse of state resources to go unpunished. Legal and administrative actions are being taken to address all improprieties,” he added.

The National Cathedral project, once touted as a legacy initiative, has now become the focus of intense national scrutiny and calls for prosecution over alleged corruption and financial mismanagement.