Ghana - 2007 External Review of Public Financial Management : Volume 2. Public Procurement Assessment Report
The 2007 External Review of Public Financial Management (ERPFM) is the fourth in a series of annual assessments by the development agencies that contribute to the Multi-Donor budgetary support in Ghana. The 2007 ERPFM review has four main findings:...
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| Language: | English en_US |
| Published: |
Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/06/9727354/ghana-2007-external-review-public-financial-management-vol-2-2-public-procurement-assessment-report http://hdl.handle.net/10986/8060 |
| Summary: | The 2007 External Review of Public
Financial Management (ERPFM) is the fourth in a series of
annual assessments by the development agencies that
contribute to the Multi-Donor budgetary support in Ghana.
The 2007 ERPFM review has four main findings: 1) the
progress in strengthening the Public Financial Management
(PFM) system has been commendable. 2) In order to address
the drivers of additional public spending in 2006 and 2007
as well as increase the effectiveness of public investment,
attention now should focus on high return actions, such as:
(i) completing the implementation of the Integrated
Personnel and Payroll Database (IPDD2) and other measures
aimed at reasserting control over the wage bill; (ii)
ensuring continued reduction in energy subsidies through
alignment of tariffs with current market conditions,
including the international oil market prices; and (iii) the
building of capacity to prepare, appraise and implement
large infrastructure projects, especially now that the
Government is preparing for a major infrastructure
investment drive. 3) A strong foundation has been laid for
open, competitive and transparent public procurement and a
major effort is underway with a view to building
understanding of the new system and capacity to manage it.
4) The successful launch of the Ghanaian Eurobond provides
the opportunity to reduce the Government's exposure to
the domestic bond market, and restore the virtuous cycle of
lower public sector indebtedness that was initiated in 2003
with reduction in domestic debt, declining inflation and
domestic real interest rates, and rising public and private
investment. The External Review of Public Financial
Management (ERPFM) on these key findings, first, it covers
recent economic performance and outlook and then reviews
issues related to the pattern of public spending. After
reporting on progress in strengthening public financial
management, it summarizes findings of the public procurement
assessment. The detailed findings of the public procurement
assessment constitute volume two of the 2007 ERPFM. At the
end the ERPFM proposes to focus on in the short and
medium-term and the baseline scores of Ghana's public
procurement system for each of the 54 sub-indicators covered
by the Organization for Economic Co-operation and
Development - Assistance Committee (OECD-DAC) methodology, respectively. |
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