Pulse.com.gh logo
Go


Ghana Procurement Laws Amendment of Procurement Act ensures massive shake up

  • Published:
Parliament of Ghana play

Parliament of Ghana

Parliament has amended the Public Procurement Act, 2003 (Act 663), resulting in the dissolution of all tender review boards with the exception of the Central Tender Review Board.

The amendments have also re-categorised government institutions to include organisations not initially covered, and  thresholds have been increased across board.

Additionally, Procurement Entities have been re-constituted to ensure efficient administration of the increased thresholds.

                                                   Read More

In a statement released by the Public Procurement Authority and copied to Pulse Business said:

“The Public Procurement Act, 2003 (Act 663) which was passed in 2003 and came into operation in 2004 as part of government’s public financial management reforms had to be amended to propel public procurement into a second generation of reform and to streamline bottlenecks identified over a decade of implementation.”

The statement said provision had been made to accommodate decentralised procurement, in line with government’s decentralization policy. 

The amendments address other administrative challenges, and introduced enabling provisions for policy initiatives such as Sustainable Public Procurement, Framework Contracting and Electronic Procurement.

In addressing local content policy in the infrastructure, economic and social services sectors (in particular for roads and energy), the amendment has ensured the upward review of the Entity Tender Committee approval threshold for Works, from its current level to GH¢15, 000,000 (Fifteen Million Ghana Cedis), among other things, for institutions falling under Categories A and B of the Amendments.

Finally, the statement said, to reduce administrative costs and enhance efficiency, would be dissolved.  Ministries, Departments and Agencies (MDAs) would continue to seek concurrent approval from the Central Tender Review Committee, and the Metropolitan, Municipal and District Assemblies (MMDAs) would use the newly created Regional Tender Review Committee.

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 2018 Budget Review Prepare to pay 35% tax if you earn 10k and abovebullet
2 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public...bullet
3 2018 Budget Review Gov’t imposes tax on luxury vehiclesbullet
4 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
5 Ponzi schemes in Ghana These investments are Ponzi schemes in...bullet
6 Economy Of Ghana Finance Minister presents mid-year budget...bullet
7 Education Top 5 private high schools in Ghana according to WAECbullet
8 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet
9 Taxes In Ghana There will be no increase in VAT – Ofori Attabullet
10 How to make money online Online jobs; how to make...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
4 Support Finance minister buys Kantanka carbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 New Discovery Ghana discovers new mineral, lithium in...bullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 Bozoma Saint John 10 quotes from Uber top official,...bullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business