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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

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Vice President Dr Mahamudu Bawumia play

Vice President Dr Mahamudu Bawumia

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.

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