Member of Parliament(MP) for Effutu and Deputy Majority Leader in Parliament Alexander Afenyo-Markin has been appointed Chairman of the Ghana Road Fund Management Board. His appointment comes at a time funding road construction has become critical as the government seeks to execute its second Year of Roads.
The 14-member board is expected to ensure the smooth disbursement of funds to road contractors, who had blamed the non-constitution of the board as an obstacle to the payment of money owed them.
Even though Mr Afenyo-Markin’s appointment as Chairman has been praised by many, some have raised concerns about a possible conflict of interest given that Mr Afenyo-Markin is a legislator and has oversight of the Road Fund.
Accounting academic Dr Sharif Mahmud Khalid wondered whether the appointing authority has averted their mind to the clash of interests owing to Mr Afenyo-Markin’s dual roles.
“A Deputy Majority Leader has just been appointed Chair of The Road Fund Management Board. The Road Fund draws from the consolidated fund which requires Parliamentary approval with leadership playing an effective role together with their respective whips in a command-and-control-style-whip-system.
As board chair of the Road Fund, the Hon MP would have day-to-day duties and responsibilities – some fiduciary others oversight and leadership (of the August House) – for which these roles conflict.
Have the appointing authority though of conflicts of duties and interest arising out of a leader of the house sitting on the Board of a resource ‘stash’ Fund (per its budgetary allocations) such as the Road Fund, not as a member but Chair with extra powers.
Will this not amount to him playing Judge and Jury’? Where is the Corporate Governance?” He asked.
Afenyo-Markin had earlier served as Chairman of the Board of the Ghana Water Company Limited.