Friday, November 23, 2018

Chartered Institute of Procurement and Supply Ghana Elects New Executives

11:39:00 PM

The Chartered Institute of Procurement and Supply (CIPS) says it is absolutely crucial that people who spend public funds have the relevant qualification profiles and mandate to do so.

Mr Sam Achampong, the Regional Head of Middle East, North and West Africa of the CIPS, said this would ensure that procurement professionals had the appropriate qualification to manage their function properly and optimise the use of resources.

He said licensing professionals would imply that there would be consequences to serve as deterrent to poor performance and unethical practices; as this had massive exponential effect on society.

Mr Achampong made the remarks in Accra in an interview with the Ghana News Agency on the side-lines of an executive breakfast meeting, hosted by CIPS on the theme: Building a Global Procurement Centre of Excellence.

Among the key objectives of the meeting was to meet top policy makers in Ghana to introduce and expose them to global concepts, trends and evolution of procurement.

Mr Achampong noted that in as much the licensure would also support fight against corruption, the reputation of procurement was actually key to attracting foreign investments.

He said corruption added 10 per cent to the cost of doing business and 25 per cent to public procurement in developing countries.

Mr Kwaku Kwarteng, a Deputy Minister of Finance, also underscored the need for Ghana to move towards standardising projects.

He said seeing similar projects procured by different procurement entities with varied prices implied that some procurements were better in terms of value for money than others.

Mr Kwarteng stated that the way to correct the situation was for a proper study to be carried and to declare the price specifications for the particular projects and associate that with quality assurance mechanisms.

Mrs Stella Addo, the Country Manager of CIPS, Ghana, noted that procurement in Ghana had gradually come to the limelight, and was gradually being understood, accepted, and recognised as a strategic function than the traditional tactical role of just preparation of tender documents and award of contracts.

She said the adaptation of modernised procurement systems and pursuance to new trends in procurement would go a long way to assist the countrys procurement agenda.

Also, when proper supervision is conducted, procurement activities will shift from its perceived corrupt nature to become efficient and effective in Ghana, she added.

Among the dignitaries at the meeting were Mrs Sarah Adwoa Safo, Minister of State in-charge of Public Procurement, Nana Kwasi Agyekum Dwamena, Head of Civil Service and Mr Agyenim Boateng Adjei, Chief Executive Officer of Public Procurement Authority.

By Ghana Leaks Blog

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