News:
June 14, 2018
Deputy Minister of Finance, Kwaku Kwarteng has told Parliament that between January to November of 2017, one hundred and seventy –four restricted sole sourcing tendering had been approved.
According to the Deputy Finance Minister, there were three hundred and seventy-two (372) applications and the approved figure represented 46.77 percent of the application received.
He further pointed out that compare to the five hundred and ninety-two (592) application received in 2016 of which five hundred and eighty-seven (587) representing 99.15 percent were approved.
In respect of sole sourcing, a total of four hundred and twenty (420) applications were received in 2017 of which two hundred and thirty-six (236) were approved representing 56.19 percent, he said.
Again this is significant, improvement on 2016 sole sourcing applications of six hundred and twenty-two (622) of which five hundred and ninety-seven (597) representing 95.80 percent were approved.
Mr. Speaker, given that the desired default procurement method is competitive tendering, “the improvement in the choice of procurement method away from sole sourcing under this government is good for the public purse”, he pointed out.
Deputy Finance Minister Kwaku Kwarteng made these remarks on the floor of the House when, Member of Parliament for Bole/Bamboi wanted to know how many restrictive sole sourcing government contracted last year.
By: Kwaku Sakyi-Danso/ghanamps.com