News:
October 13, 2017
Minister of State in charge of procurement and Deputy Majority leader Sarah Adwoa Safo has said government is working on a policy document to ensure 70 percent of contracts go to local contractors.
She noted that, the move will help grow local business, whiles a quota of 30 percent of the contracts will be reserved for women.
“So the 70% and the 30% we will be engaging all of you. The 70% we are going to rely mostly on the data that we get from the Ministry of Trade because they have all that database. So we don’t have to reinvent the wheel on who our local companies are and what government can engage them on”
According to the Minister, the new policy will be embedded a move to develop the capacity of local contractors to address concerns about the capacity of contractors to execute quality works.
And further added that, African countries like Kenya, Tanzania are already implementing a similar policy aimed at empowering indigenous contractors.
By: Kwaku Sakyi-Danso/ghanamps.com