President has bemoaned the rate at which Ghana is ripped off by politicians through the award of single-sourced contracts.
Speaking at the opening of the National Economic Dialogue on Monday, March 3, 2025, the president indicated that single-sourced contracts have been used on several occasions to the detriment of the country.
He narrated an instance where, under the previous government, a company that manufactures a product was ignored by the government, and instead, a contract was awarded to someone else, who then bought the same product from the earlier company and made a profit of over GH¢21 million. "Foreign single-source procurement must be the rare exception rather than the norm.
We must also subject government projects above a certain threshold to value-for-money audits.
