The procurement process is the stages through which a procurement activity is undertaken. Each of these stages has to be managed well in order to achieve the procurement objectives which would include achieving value for money in all procurement activities. ...
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HOW DOES GOVERNMENT PROCUREMENT WORK?
Eric Adjei
GENERAL GOVERNMENT PROCUREMENT PROCESS The government procurement policy requirement is that all public procurement must be based on value for money. This is defined as “the best mix of quality and effectiveness for the least outlay over the period of ...
PUBLIC PROCUREMENT STRUCTURES
Eric Adjei
Dear Learner, you are welcome to Session 3 or public procurement. We hope by now, you have acquired knowledge of the composition, operation and functions of the public procurement Authority Board. In this session, we extend our discussion on public ...
WHAT IS PUBLIC PROCUREMENT RULES
Eric Adjei
PROCUREMENT RULES Dear Learner; you are welcome to Session 4. We hope you are familiar with the various structures used in the public procurement process of Ghana. In this session, we will be learning about the rules, procedures, standards that ...
PUBLIC PROCUREMENT BOARD
Eric Adjei
Dear Reader, you are welcome to another section of the public Procurement. We hope, by now, you know public procurement, the regulatory framework and the scope of the Public Procurement Amendment Act 2016 (Act 914). In this session, we shall ...
MEANING AND FUNCTION OF PUBLIC PROCUREMENT
Eric Adjei
Both the private and public sectors acquire goods and services for use. The procurement process when not managed properly can lead the organization to incur a cost in the form of inflation of orders, payment of private purchases, overpayment of ...
WHAT IS INSTITUTIONAL FRAMEWORK FOR PUBLIC SECTOR ACCOUNTING
Eric AdjeiDESCRIBE INSTITUTIONAL FRAMEWORK FOR PUBLIC SECTOR ACCOUNTING
WHAT ARE THE BASES OF PUBLIC SECTOR ACCOUNTING
Eric Adjei
MEANING OF PUBLIC SECTOR ACCOUNTING BASIS These are broad basic assumptions which underlie the preparation of financial statements in the public sector. it refers to the timing of recognition of revenues, expenditures and transfers and the related assets and liabilities ...
WHAT IS REGULATORY FRAMEWORK IN ACCOUNTING
Eric Adjei
REGULATORY FRAMEWORK IN ACCOUNTING This framework was issued by the International Accounting Standards Board (IASB) to outline and explain the concepts underlying the preparation and presentation of financial statements for external users. READ ALSO: WHAT ARE THE BASES OF PUBLIC ...