Internal Auditing and Good Corporate Governance in Public-Private Partnerships Among Christian Health Association of Ghana (Chag) Facilities in the Eastern Region of Ghana

Abstract

The study assessed the relationship between internal auditing and good corporate governance among Public-Private Partnerships (PPP) in the Christian Health Association of Ghana (CHAG) health facilities. Primary data was sourced through questionnaire from 132 Administrators, Financial Controllers, Internal Auditors, Accountants and Finance Officers of all the CHAG health facilities in the Eastern Region. Partial least square estimation technique was used to analyse the study data. The study employed explanatory research design. The main finding of the study was that CHAG governance framework is formed to ensure accountability and apply the appropriate governance principles and procedures for their administration’s operations. Further, the study found that quality internal auditing brings about a positive influence on good corporate governance. Besides, the study found that lack of trained auditors, political influence, lack of office space for internal auditors and lack of management support are the challenges connected with internal auditing and good corporate governance. Hence, it was recommended that the management of CHAG and Ministry of Health (MOH) should endeavour to identify and understand the practical corporate governance framework that symbolises the principles of responsibility, accountability, fairness and transparency that are essential for the successful running of their facilities. Again, internal auditors of CHAG health facilities should intensify their internal auditing functions to manage risks, ensures internal control and operations. Finally, the management of Hospitals, Health/Rehabilitation Centres and Clinics of CHAG should put in place effective measures to solve the emerging challenges associated with internal auditing and good corporate governance practices.