• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Review “useless” Public Procurement Act- Says a former IFEJ President

22/02/2020
Reading Time: 3 mins read
Mr Llyod Evans on Public Procurement Act

Mr Llyod Evans

405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

A Former President of the Institute of Financial and Economic Journalists (IFEJ), Mr Lloyd Evans, has called on Ghanaian authorities to amend the Public Procurement Act in the country to strike out the restricted, single-sourced and sole-source rendering processes from it.

According to him, those procurement methods, as stipulated in the Act 914 (as amended in.2016), are proving inimical to the country in the fight against corruption.

He made this call at a capacity training workshop on Business Integrity Reporting, organised by the Ghana Integrity Initiative (GII), for Business and Financial Reporters in the country.

Public Procurement Act

The legislation that regulates and governs public procurement in Ghana is the Public Procurement Act 2003 (Act No. 663).

Also, it was later amended in 2016 and now known as the Act 914 (Act 2016).

Furthermore, the promulgation of the Act formed an integral part of Ghana’s Public Financial Management Reforms and good governance initiative.

More importantly, it sought to instill propriety and accountability in public sector financial management and expenditure.

Regulations under the Act

In addition to this, it also regulates “the procurement of goods, works and services financed, in whole or in part, from public funds and the disposal of government stores”.

According to the Act all state agencies, institutions and establishments in which the government has a majority interest are mandated to comply with the Act.

Additionally, the Act makes provision for Competitive tendering, Two-stage tendering, Procedures for two-stage tendering, Restricted tendering, Procedure for restricted tendering,

Other procurement methods stated in the Act are Single-source procurement, Procedure for single-source procurement, Request for quotations, Procedure for request for quotation.

Abuse of the system

However, Mr Evans, described the Act as “a very useless Act, which must to be reviewed”.

Owing to this, Mr Evans is of the opinion that there are many loopholes in the Act, which was making it easy for people to still cheat the procurement system at the expense of the state.

Business Integrity

Meanwhile, the Executive Director of the Ghana Integrity Initiative (GII), Mrs Linda Ofori-Kwafo, explained the main reason for the training workshop.

Mrs Linda Ofori-Kwafo, the Executive Director of the Ghana Integrity Initiative (GII).
Credit: GII

She said the business integrity forum was birthed following complaints from international community that businesses in Ghana were suffering due to corruption in the private sector.

Furthermore, she added that, with the help of DANIDA, her outfit held forums in Accra and the other regional capitals where all the issues were brought out for discussion.

“We actually put together all the challenges of business people, we brought it before all the institutions who have the power and the authority to resolve them under the law”, she said.

Also, she added, the private sector is not only trying to find solutions to the problem but what role they could also play to tackle corruption in the private sector.

Again, she added that “they are always crying that we are the victims, we are the victims, but it cannot be wholly true. Private sector cannot be the only victim of private sector corruption. They themselves are perpetrators of the crime”.

Previous Post

Twelve African EdTech Companies Named as First Fellows at Centre for Innovative Teaching and Learning in ICT

Next Post

Ghana’s SME business leaders to attend Challenger Brand Masterclass by PHD and eatbigfish in Accra

Related Posts

national_youth_authority: ghanatalksbusiness.com

Akufo-Addo sacks National Youth Authority CEO and 2 deputies

04/09/2019
resigned_NYA_boss

Why CEO of National Youth Authority has resigned

02/09/2019
public_procurement authority: ghanatalksbusiness.com

Conflict of Interest: How PPA Boss fell foul

24/08/2019
procurement_in_ghana

Ghana saves GHc1.9bn in 21 months from procurements scrutiny

03/04/2019

Audit reveals GH¢800m ‘misappropriated by six state institutions’

20/09/2018
Next Post
Bright Ladzekpo, PHD Media, GHANA, Challenger thinking,www.ghanatalksbusiness.com

Ghana’s SME business leaders to attend Challenger Brand Masterclass by PHD and eatbigfish in Accra

Dela Agbo, financial sector confidence,ghanatalksbusiness.com

Confidence in Financial Sector not fully restored yet-says an Investment Banker

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In