Dear Reader, you are welcome to this guide on Public Procurement. In this guide, we begin our discussion of public procurement with definition and explanation of public procurement as well as the scope of public sector procurement. This guide ends ...

PUBLIC PROCUREMENT REGULATION The procurement process when not managed properly can lead the organization to incur cost in the form of: inflation of orders, payment of private purchases, overpayment of invoices, acquisition of poor quality goods, theft of goods, delays ...

Procurement may be defined as the act of acquiring goods, works and services that are relevant to the achievement of the objectives of an organization. The resources of an organization need to be acquired or constructed. The process of acquisition ...

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. ...

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 ...

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 ...

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 ...