Local Content Local contractors to be awarded 70% contracts - Bawumia assures

The initiative is part of efforts by the government to make local contractors globally competitive

  • Published:
Vice President Dr Mahamudu Bawumia play

Vice President Dr Mahamudu Bawumia

24/7 Live - Subscribe to the Pulse Newsletter!

Vice President Dr Mahamudu Bawumia has announced that government’s policy of reserving 70 per cent of all contracts funded by the taxpayer will be awarded to local contractors.

According to him, the initiative will spur the economy and also aimed at making local contractors vibrant and highly competitive against their international counterparts.

READ MORE: Ghana has no reason to import food – Osafo Marfo

The initiative is part of efforts by the government to make local contractors globally competitive.

play Vice President Dr Mahamudu Bawumia

 

He made this known at the Ghana Economic forum in Accra on Monday. Dr. Bawumia said "The whole mindset will need to be re-oriented in building a strong economy.

READ MORE: Nana Addo to build an economy beyond aid and dependency – Dr Bawumia

"As far as government’s contracts are concerned, we are making sure that at least 70 percent of taxpayer-funded contract are awarded to local entities and that will really help us in the Ghanaian ownership of the economy."

"You also want to build an economy that encourages investment." Dr. Bawumia added.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos





Top Articles

1 Fraud Three Ghanaians arrested over £5million romance fraudbullet
2 Ghana Armed Forces GAF announces date for 2017/18 recruitment screeningbullet
3 Adult Content We will continue showing porn on TV - Ice TVbullet
4 Freemasonry Here are prominent Ghanaians who are also freemasonsbullet
5 Volta Region FDA says Kpando residents knew consuming Pufferfish...bullet
6 Ghana Police Service IGP reshuffles top officersbullet
7 Sex Workers Chinese prostitutes invade Wassa Akropong;...bullet
8 Ghana Police New IGP makes first shake-up in Police...bullet
9 National Service New allowance will be paid after 2017...bullet
10 James Kwegyir Aggrey Who is the face on Ghana's new 5...bullet

Top Videos

1 Video Four suspects arrested for Captain Mahama's deathbullet
2 Watch Video I lick my wife before going to preach - Kumchacha confessesbullet
3 Prophecy Hundreds will die in floods in 2017 – Prophet revealsbullet
4 WATCH Kennedy Agyapong dances wildly to hip hop song in hilarious...bullet

News