Wednesday, July 8, 2026
Obaakro News
  • Login
  • Register
  • Home
  • General
    • Education
    • Social
    • Health
    • Environment
    • Science
    • Technology
  • Politics
  • Economy
    • Agric
  • Crime
  • Entertainment
    • Sport
    • Boxing
  • International
No Result
View All Result
AI News
  • Home
  • General
    • Education
    • Social
    • Health
    • Environment
    • Science
    • Technology
  • Politics
  • Economy
    • Agric
  • Crime
  • Entertainment
    • Sport
    • Boxing
  • International
No Result
View All Result
Obaakro News
No Result
View All Result
Home Politics

Deputy Finance Minister urges strict compliance with procurement law to strengthen transparency and economic transformation

Prince Sewornu DzadzubyPrince Sewornu Dzadzu
October 29, 2025
in Politics
Reading Time: 2 mins read
A A
Deputy Finance Minister urges strict compliance with procurement law to strengthen transparency and economic transformation

Deputy Minister for Finance and Economic Planning, Mr Thomas Nyarko Ampem, has called on Ministries, Departments, and Agencies (MDAs) to fully comply with Ghana‘s procurement laws to build a transparent, efficient, and accountable public procurement system.

Speaking at the 11th Public Procurement Forum organised by the Public Procurement Authority (PPA) under the theme “GHANEPS: Enhancing Transparency, Efficiency and Effectiveness in Public Procurement,” Mr Ampem emphasised that adherence to procurement regulations was essential for fiscal prudence, job creation, and public confidence in government.

He noted that public procurement remained a powerful tool for economic transformation, stating that the World Bank estimated Ghana’s procurement spending at between 13 and 20 percent of GDP. In practical terms, he said about 40 percent, equivalent to GH¢87 billion of total domestic revenue projected for 2025, would pass through the public procurement system.

Get the latest news, updates by joining our WhatsApp channel here: Join on WhatsApp.

“So if we are going to spend that quantum, close to GH¢90 billion through procurement, it is significant to ensure that the procurement processes are done well. It is therefore imperative that we safeguard this process,” he said.

Mr Ampem, who is also the Member of Parliament for Asuogyaman, disclosed that the government had amended the Procurement Act in 2025 to close critical gaps and strengthen compliance and enforcement mechanisms, ensuring closer alignment with other public financial management systems.

He said the government had integrated the Ghana Electronic Procurement System (GHANEPS) with the Ghana Integrated Financial Management Information System (GIFMIS) to improve transparency and efficiency.

“It enables seamless verification of budgeted projects and ensures that only duly approved contracts are processed for payments. We processed one transaction at the Ministry of Finance using this integration and have asked the Ministry to lead in the implementation,” he added.

The Deputy Minister described GHANEPS as central to Ghana’s transparency agenda, saying it would promote accountability, value for money, and data-driven decision-making across the public sector.

Chief Executive Officer of the Public Procurement Authority, Mr Frank Mante, highlighted that e-procurement had become a global standard in tackling corruption and inefficiency in public contracting.

“Electronic procurement helps us save time and cost, improves efficiency, and reduces waste. It is a key source of data, impacts SMEs positively, and supports better decision-making,” he said.

Mr Mante cited international examples of Indonesia and Somalia, where e-procurement reduced corruption incidents, and South Korea, where the system helped expand the business and financial ecosystem from $119 billion in 2001 to $909 billion in 2011.

He said Ghana could achieve similar success by deepening the adoption of GHANEPS across government institutions.

The year 2026, he added, would mark three decades since Ghana began comprehensive procurement reforms under the Public Financial Management Reform Programme in 1996, leading to the enactment of the Public Procurement Act, 2003 (Act 663), and its amendment in 2016—establishing the legal foundation for fairness, transparency, and non-discrimination in public procurement.

Best web design company in Ghana
ADVERTISEMENT
ShareTweetShareSend

Related Stories

Tension in Kpandai as NDC supporters call for a review of Supreme Court ruling

Tension in Kpandai as NDC supporters call for a review of Supreme Court ruling

Tension has gripped Kpandai in the Northern Region as some youth of the National Democratic Congress (NDC) staged a demonstration to express their displeasure over the Supreme Court’s...

Dr. Matthew Opoku Prempeh congratulates Dr. Bawumia on NPP presidential primary victory

Dr. Matthew Opoku Prempeh congratulates Dr. Bawumia on NPP presidential primary victory

Dr. Matthew Opoku Prempeh has congratulated Dr. Mahamudu Bawumia following his decisive victory in the New Patriotic Party’s (NPP) recently concluded presidential primaries. In a message expressing joy...

Dr. Matthew Opoku Prempeh casts vote in Kumasi during presidential primaries

Dr. Matthew Opoku Prempeh casts vote in Kumasi during presidential primaries

Dr. Matthew Opoku Prempeh has cast his vote in the ongoing presidential primaries at St. Anne’s Anglican Church in Ashtown, Kumasi. The former Minister was accompanied by the...

Ato Forson congratulates graduating officers of Ghana Military Academy

Ato Forson congratulates graduating officers of Ghana Military Academy

The Minister of Finance, Hon. Cassiel Ato Forson, has congratulated officers who successfully passed out at the Ghana Military Academy graduation parade, with special commendation to members of...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Web Design Company Web Design Company Web Design Company
ADVERTISEMENT

Popular Story

  • 2026 Mother’s Day - Celebrate women with a sense of purpose!

    2026 Mother’s Day – Celebrate women with a sense of purpose!

    0 shares
    Share 0 Tweet 0
  • Hwidiem M/A Basic School temporarily closed down as one teacher killed, three others injured in a fatal accident

    0 shares
    Share 0 Tweet 0
  • Three staff unions at UDS declare indefinite strike over poor conditions

    0 shares
    Share 0 Tweet 0
  • Tolon SHS students count losses after fire destroys girls’ dormitory block

    0 shares
    Share 0 Tweet 0
  • Tension in Kpandai as NDC supporters call for a review of Supreme Court ruling

    0 shares
    Share 0 Tweet 0
Obaakro News

Obaakro Multimedia

Obaakro multimedia is an independent news media platfrom trusted by Ghanaian worldwide for breaking news coverage of Ghanaian politcs, business, social, legal, crime news and opinion essays.

We are based in Kumasi, Ghana

Browse Categories

  • Agric
  • Boxing
  • Crime
  • Economy
  • Education
  • Entertainment
  • Environment
  • General
  • Health
  • International
  • Politics
  • Science
  • Social
  • Sport
  • Technology

Follow us

  • About
  • Contact
  • Sitemap

© 2025 Obaakro News - Breaking news in Ghana today | Website Designed by EnspireFX | Powered by StellerHost

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • General
    • Education
    • Social
    • Health
    • Environment
    • Science
    • Technology
  • Politics
  • Economy
    • Agric
  • Crime
  • Entertainment
    • Sport
    • Boxing
  • International

© 2025 Obaakro News - Breaking news in Ghana today | Website Designed by EnspireFX | Powered by StellerHost