The Deputy Chairman of the Public Accounts Committee (PAC) of Parliament, Atta Akyea has lambasted the Mahama-led administration for its appetite for corruption.

He was reacting to a 2012 Auditor General's report which revealed that payments were made without supporting documents.

According to him, the current Mahama-led administration is not a good custodian of the public purse hence, the need for him to step aside for a Nana Addo-led administration to take over the management.

Speaking in an interview with Rainbow Radio's Kwame Tutu, the legislator posited that this was a conduit used by the government to syphon money from the state for their campaign.

"This is an election year; let's create, loot and share; There have used GYEEDA as a conduit to siphon these monies for their campaign purposes, it is so clear. It doesn't accord with common sense to spend money on a venture which was not budgeted for. What reason will you place on this? Let's use these companies as conduits to syphon funds for our political campaign. You don't need a magician to tell you this."

The Mahama-led administration he stated, has lost the conscience in delivering to Ghanaians good governance.

"Ghana is discerning low in terms of good governance and accountability. This is disgusting. President Mahama should go for Nana Addo to take over the management of this country."

Deputy Minister of Finance Ato Forson appearing before PAC yesterday justified the payment of 199 million cedis on Monday.

But Atta Akyea rubbished his justification, saying that it makes no 'sense'.

The Member of Parliament (MP) for Abuakwa South constituency said it is rather surprising that monies were paid to these companies.

He revealed that PAC will invite all these companies to answer questions regarding the payment made to them.

"We will soon invite all these companies. The embezzlement is embarrassing. The NDC is mismanaging our resources. The more money they get the more they waste it. The wastage at GYEEDA and SADA alone, is serious and calls for a serious probe."