{"id":46929,"date":"2023-03-21T12:38:21","date_gmt":"2023-03-21T12:38:21","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/03\/21\/gips-kpmg-sign-mou-on-draft-procurement-bill\/"},"modified":"2023-03-21T12:38:21","modified_gmt":"2023-03-21T12:38:21","slug":"gips-kpmg-sign-mou-on-draft-procurement-bill","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/03\/21\/gips-kpmg-sign-mou-on-draft-procurement-bill\/","title":{"rendered":"GIPS, KPMG Sign MOU On Draft Procurement Bill"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\u00a0<\/p>\n<p>The Ghana Institute of Procurement and Supply (GIPS), has signed a Memorandum Of Understanding (MOU) with KPMG to solicit its input in a draft bill that seeks to regulate the procurement practice in Ghana.<\/p>\n<p>Under the agreement, KPMG is expected to make input in the bill with its wide array of experience in the area of research, innovation and competence in audit, procurement and accounting practice.<\/p>\n<p>Simon Annan, GIPS President, who signed the agreement in Accra\u00a0 said\u00a0 procurement covers\u00a0 a wide spectrum of the economy hence the need for stakeholders to share their\u00a0 expertise\u00a0 as its\u00a0 worked towards a bill to regulate procurement practice in Ghana.<\/p>\n<p>According to him,\u00a0 the Public Procurement bill, Acts 360 as amended was meant for the application of procurement processes in Ghana specifically to the Public Service, but the draft bill when passed into law would among other things help curb procurement related corruption and infractions in the Procurement space.<\/p>\n<p>\u201cWe are confident that collaborating and partnering with an internationally credible organisation such as KPMG will enhance the Institute\u2019s vision of ensuring procurement professionalism through the passage of the procurement practicing bill. KPMG is therefore a critical partner,\u201d he said.<\/p>\n<p>He said the company has already engaged some stakeholders both private and Public Service on the Procurement and Supply value chain.<\/p>\n<p>Mr. Annan also called on both private and Public Institutions particularly those in the spend sector across different sectors in the procurement and supply chain management to offer their expertise and advise to help sanitise the procurement environment.<\/p>\n<p>Head of Advisory of KPMG, Andy Akoto on behalf of the company said \u201ceffectively we are going to be knowledge research and technical partners to help build capacity, collaborate on programmes and overall help in bringing more professionalism to the growth of the procurement function\u201d.<\/p>\n<p>He indicated that as procurement constitutes about 70 percent of government expenditure, it was imperative as a premier auditing and consulting firm to be associated with GIPS to achieve its vision.<\/p>\n<p><strong>By Ebenezer K. Amponsah<\/strong><\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 The Ghana Institute of Procurement and Supply (GIPS), has signed a Memorandum Of Understanding (MOU) with KPMG to solicit its input in a draft bill that seeks to regulate the procurement practice in Ghana. Under the agreement, KPMG is expected to make input in the bill with its wide array of experience in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":46930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-46929","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GIPS, KPMG Sign MOU On Draft Procurement Bill - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/03\/21\/gips-kpmg-sign-mou-on-draft-procurement-bill\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIPS, KPMG Sign MOU On Draft Procurement Bill - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"\u00a0 The Ghana Institute of Procurement and Supply (GIPS), has signed a Memorandum Of Understanding (MOU) with KPMG to solicit its input in a draft bill that seeks to regulate the procurement practice in Ghana. 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