Audio By Carbonatix
Executive Director of South Western Pacific International, Dr. Kankson Kpentey, has called for realignment of the public sector procurement system to avoid infractions that result in the state losing huge revenue.
This he believes, will help the nation block some revenue leakages and rake in some more funds to support economic growth.
Speaking to Joy Business, Dr. Kpenkey called for an effective procurement system for the public sector as well as the private sector.
“There is the need for us to reconstruct the architecture of procurement in the public sector where we will have an enhanced form of what previously used to exist as Ghana Procurement Agency, now referred to as the Ghana government procurement organization to run their own balance sheet and payroll. So all MMDAs [Metropolitan, Municipal and District Assemblies] need to do their planning and handover their requirement”, he said
Speaking on other concerns affecting public procurement, he urged the government to be effective in implementing its digitisation goal.
However, he advocated for collaboration between the public and private sectors in order to improve operations.
“We need to digitise everything in procurement and that will help. The digitisation processes should be effective”, he added.
Ghana spends a significant amount of its public funds on the procurement of commodities, works, and services, the majority of which are obtained through public procurement.
The Public Procurement Authority (PPA) was founded by the nation in an effort to guarantee transparency and effectiveness in its public transactions, and it was given authority to carry out the specified duties by an Act of Parliament.
However, not a single government regime has left power since the beginning of the 4th Republican administration in 2003 without resorting to irregularities connected with the procurement processes, as stated by the Auditor General's Annual Reports or reports by Civil Society Organizations (CSOs).
Latest Stories
-
Bond market: Turnover rose by 64.39% to GH¢6.75bn
6 minutes -
Dutylex promises more in 2026; targets market expansion
14 minutes -
Government grants permits for Responsible Cooperative Mining in Anwia, Teleku Bokazo
14 minutes -
Bawumia still NPP’s strongest asset — Northern region operations team
16 minutes -
Christian Service University inaugurates Most Rev. Prof. Emmanuel Asante as first chancellor
24 minutes -
Kumasi gridlock forces commuters to walk miles ahead of Christmas rush
28 minutes -
Paramount Chief of Assin Fosu honours John Boadu at grand durbar
30 minutes -
Minority flags election petitions, youth unemployment and third-term agenda as democratic threats
31 minutes -
Yamfo Traditional Council petitions President Mahama over security threat at College of Health
35 minutes -
PUWU threatens industrial action over illegal takeover of Ghana Water Lands in Ashanti region
37 minutes -
Minority accuses state of legitimising illegal gold and environmental destruction
47 minutes -
US$365m IMF cash credited to BoG account
48 minutes -
From Noah’s Ark to Ebo’s Ark: faith, frenzy and the fine line between divine warning and modern misunderstanding
48 minutes -
Minority warns Mahama over galamsey, GoldBod and environmental collapse
49 minutes -
John Boadu launches nationwide tour to foster unity ahead of NPP presidential primary
52 minutes
