Assessing the effects of Public Procurement on Prudent Public Financial Management in Ghana.
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Date
2021-06-23
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Abstract
Public Procurement is an integral part of governments’ fiscal policies aimed at achieving
prudent public financial management through its intended effects (indicators). Concerns
are that, procurement in its current state does not achieve its intended objective. It is for
this reason the study is conducted to study the intended effects of public procurement on
public financial management in Ghana. The objectives of the study are (1) to identify the
intended effects of public procurement on prudent public financial management; (2) to
identify the effects of implementation of Public Procurement on public financial
management; and (3) to identify the challenges associated with procurement process that
make it impossible to prudently manage public finance in Ghana. A quantitative research
method was adopted for the study and with a sample size of 68, a total of 68
questionnaires were administered and 46 was retrieved indicating a response rate of
67.65%. Data collected was analysed with the SPSS and descriptive statistics was used.
The major findings identified included transparency, planning and budgeting, controls,
competition and procurement audit with prudent public financial management. Abuse of
the procurement law was seen as an implementation effect of procurement. Mismatched
annual procurement plans and budgets, political interference and bureaucracy are the
challenges associated with procurement process. These findings imply a fundamental
problem with the public procurement system that needs urgent attention. Effective
Planning and budgeting, transparency and controls should be ensured. Anti-corruption
measures should be enhanced and promoted in this direction.
Description
Thesis submitted to the Department of Construction, Technology and Management, Kwame Nkrumah University of Science and Technology, Kumasi in partial fulfilment of the requirements for the degree of Master of Science in Procurement Management.
Keywords
Public, Procurement, Financial Management, Prudent, Ghana