Government to revise procurement law to curb sole sourcing

The government will amend the Public Procurement Act, Ghana. The goal is to limit the use of single-source contracting. This change aims to improve transparency in how public money is spent. It also seeks to ensure the government gets better value for money.

Sole sourcing allows a government agency to award a contract to a single company without competitive bidding. This method can sometimes lead to higher costs or less efficient outcomes. It can also raise concerns about fairness and corruption.

By revising the law, the government expects more competition for contracts. This could result in lower costs for projects and services. It might also increase public trust in government procurement processes. This reform signals a move towards stronger public financial management. It addresses potential risks linked to non-competitive contract awards.