Procurement Enhancement Survey: A crucial step towards sound and value-based procurement culture in Ghana
On behalf of KPMG and the Ghana Institute of Procurement and Supply (GIPS), I am delighted to present the 2023 Procurement Enhancement Survey, our latest study into procurement practices in Ghana. This particular study sought to highlight information about procurement practices in four thematic areas: procurement processes and controls, vendor management, decoding procurement fraud and reporting procurement irregularities to enhance the practice and application of professionalism in procurement in Ghana.
In today's dynamic and interconnected global marketplace, the role of procurement has evolved into a strategic function that goes beyond cost savings and vendor management. It has become a pivotal driver of innovation, sustainability, risk mitigation, and ultimately, the overall success of organisations and economies around the world. However, this evolution has not been without its challenges, foremost among them being the scourge of procurement malpractices and fraud.
Procurement malpractices and fraud not only erode trust but also have adverse financial and reputational consequences. They undermine the very foundation of ethical and transparent business conduct, harming not just the organisations involved but also the broader economy and society as a whole. It is imperative that we confront this issue head-on.
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