The NPP government has announced that it has reduced sole sourcing by 37 percent within its first year in office.
The figure dropped from 622 requests in 2016 to 394 requests in 2017. This means there was a 228 drop in the number of sole sourced contracts applied for within the one year period.
President Akufo Addo disclosed this during his encounter with journalists at the Flagstaff House on Wednesday, January 17, 2018.
In his view, this is an indication of his government’s commitment to sanitize the Public Procurement system and give value for money.
Of the number applied for, 577 representing 98% were approved with 29 of them rejected.
In 2017, government approved 223 or 56.6% out of the 394 sole sourcing requests presented to it.
On the other hand, 171 of the requests representing 43.6% were rejected.
Restricted contracts drop by 42%
Meanwhile in 2016, the erstwhile NDC government approved 587 or 99.15% of all restricted tenders that were requested for.
This translated into zero savings on the requests put forward.
In 2017 however, restricted tenders also declined by 246 or 41.5%. The figure went down to 346 from 592 requests.
The President also indicated that, the decision by the NPP administration has led to government saving 145 million cedis, 142 million dollars, €1.8m and £23,400.
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By: Pius Amihere Eduku/citibusinessnews.com/Ghana