Friday , December 4 2020

GOVERNMENT TO BE STRICT ON ENFORCING PROCUREMENT LAW IN 2019

the Finance Minister, Ken Ofori-Atta has stated that government will ensure efficient public spending in 2019 by enforcing the Public Procurement Act (PPA)

Mr. Ofori-Atta explained that the PPA has the capacity and legal backing to assess all sole-sourced projects in the country.

Sole sourcing of projects has over the years become a heated political issue due to suspected over bloating of projects to benefit some contractors.

According to the Finance Minister, Ken Ofori Atta the move is necessary to maximize domestic resource mobilization and increase efficiency in public spending.

“ We intend to maximize domestic resource mobilization and increase Tax Revenue-to-GDP ratio to levels in line with our peer Lower Middle-Income countries;  implement expenditure efficiency and rationalisation measures to increase efficiency in public spending and free more fiscal space for growth oriented and job-creating programmes”, he stated.

He added, “We will enforce the Public Procurement Act and ensure sole sourcing is minimized to promote competition and efficiency in public spending, thereby, promoting value for money”.

 

Source: citinewsroom

Disclaimer

Dikoder.com is not responsible for any featured or opinions reportage of contributors published on the website. Read our disclaimer.

Send your news articles to dikodermultimedia@gmail.com and via WhatsApp on +233 558 191 562.

Join our Newsletter

Check Also

2020: Daddy Lumba Releases New Song For Nana Akufo Addo. – VIDEO

It’s a fact that Daddy Lumba’s legendary status hasn’t been compromised despite his massive love …

Xandy-Kamel-dikoder.com

THERE IS NOTHING TO LIVE FOR XANDY KAMEL

THERE IS NOTHING TO LIVE FOR XANDY KAMEL. Dikodertv || torsaa.com DisclaimerDikoder.com is not responsible …

Leave a Reply

Your email address will not be published.