• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

ECG busted in GHS 221.1m contracts without PPA approval

3 years ago
in Economy, Energy, Features, highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
67
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

ECG busted in GHS 221.1m contracts without PPA approval

The Auditor General has indicted the Electricity Company of Ghana (ECG) for breaching Public Procurement Authority rules governing single source procurement.

GH¢221.1m single source contracts

According to the Auditor General’s report for 2021, ECG used single source to procure items to the tune of GH¢221.1 million (GH¢221,152,473.98413) without recourse to the Public Procurement Authority.

This is contained in the Report of the Auditor-General on the Public Accounts of Ghana – Public Boards, Corporations and other Statutory Institutions for the period ended 31 December 2021.

The report signed by Johnson Akuamoah Asiedu Auditor-General and submitted to Parliament and published on the website of the Audit Service is dated June 1, 2022.

Section 40 of Public Procurement Act

RelatedPosts

Cocoa Marketing Company (CMC) Secures Major Win for Ghana at the Annual Cocoa Freight Negotiation Conference in Rouen, France

UEFA Champions League: Five Exciting Fixtures to Keep an Eye on

BoG 2nd Deputy Governor Urges Firms to Move Beyond Tokenism in Promoting Women to Leadership Roles

Section 40 of Public Procurement (Amendment) Act, 2016, (Act 914) requires procurement entities to obtain the approval of the PPA when it becomes necessary to apply direct sourcing for goods and services.

All the contracts were awarded in 2019

Despite this clear provision, ECG awarded several contracts in 2019 using single source without approval of PPA.

85 foreign and local orders reviewed

The Auditor General said it reviewed a sample of 85 foreign and local orders for goods and noted that a total amount of the Cedi equivalent of the various procurements largely in Dollar, Euro and Pound Sterling amounted to  GH¢221.1 million (GH¢221,152,473.98413).

Currencies in which the procurement was done

The report gave the breakdown of currencies used in the procurement as $33.8 million   ($33,864,855.98), €945,742.17, £729,161.38 and GH¢5.3 million (GH¢5,373,100.00).

Some of the items procured

Some of the items procured using single source include 33KV polymeric pin  insulator lightning arrestors, plastic cable cover tiles, 11kV polymeric pin Insulators, HRC Fuses, security plastic seals, Pole-mounted transformers, 11kV lightning arrestors, 11Kv dropout fusegear, 33Kv dropout fusegear, silicon insulators, 11KV crossarms, channel crossarms, 33KV galvanzed angle crossamrs, among others.

Others are 11KV galvanized angle crossarms, stay equipment, D-iron, handheld GPS, electrical materials and  equipment, single-phase prepayment meters with enclosures, buar cable test vans, megger cable test vans, emergency shower and eye wash station, two-piece coverall and two- piece coverall etc.

Public Procurement Board

According to the Auditor General, ECG’s Procurement Manual did not demand management to seek approval from the Public Procurement Board before engaging in the single source procurement.

The Auditor General attributed the lapse is to ECG management’s disregard for the country’s procurement laws.

Compromising value for money

The report cautioned that ECG management’s non-compliance with the law could undermine transparency in contract management and compromise value for money.

The Auditor General tasked ECG’s General Manager of Procurement to ensure efficient and effective functioning of the established procurement structures and systems as enshrined in the Public Procurement Act to aid compliance with the provisions of the Act.

The Auditor General further advised management to seek approval from Public Procurement Authority whenever single source methods are to be used

Management of ECG responded that Auditor General’s recommendation is noted and where required, the necessary approvals from the relevant authorities will be sought.

Source: newscenta
Tags: Auditor-GeneralECGECG busted in GHS 221.1m contracts without PPA approvalPublic Procurement Authority
No Result
View All Result

Highlights

Market Activity Slows as Prime Index Marginally Edges Higher to 7,340.08 Points

US Open: Sinner Advances as Gauff and Swiatek Struggle

Unemployment Rate Falls to 13.1% but Youth Joblessness Remains Acute, Says GSS

Chamber of Mines Calls for Special Purpose Vehicle to Fund Western Corridor Railway Development

African Debt and Climate Change: How the ICJ’s Vanuatu Ruling Could be Used for Broader Justice

European Leagues Defend Plans to Stage Matches Abroad Amid EU Criticism

Trending

Agribusiness

Cocoa Marketing Company (CMC) Secures Major Win for Ghana at the Annual Cocoa Freight Negotiation Conference in Rouen, France

August 29, 2025

Cocoa Marketing Company (CMC) Secures Major Win for Ghana at the Annual Cocoa Freight Negotiation Conference in...

UEFA Champions League: Five Exciting Fixtures to Keep an Eye on

August 29, 2025

BoG 2nd Deputy Governor Urges Firms to Move Beyond Tokenism in Promoting Women to Leadership Roles

August 29, 2025

Market Activity Slows as Prime Index Marginally Edges Higher to 7,340.08 Points

August 29, 2025

US Open: Sinner Advances as Gauff and Swiatek Struggle

August 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.