•Governments, since independence, have formulated policies to streamline public financial management practices.
•Some of these financial instruments included the Contract Act of 1960, Ghana Supply Commission Act 1990 by PNDC law 245, Ghana National Procurement Agency Decree 1976 and a lot more.
• All these instruments were geared toward regulating procurement activities in the country.
•The main legislation that regulates and governs public procurement in Ghana is the Public Procurement Act 2003 (Act No. 663) (the Act) as amended by the Public Procurement (Amendment) Act 2016 (Act 914) (the Amendment Act).
•The promulgation of the Act was an integral part of Ghana’s Public Financial Management Reforms and good governance initiative, which sought to instil propriety and accountability in public sector financial management and expenditure.
•The Act regulates the procurement of goods, works and services financed, in whole or in part, from public funds and the disposal of government stores.
•The Public Procurement Act 663 therefore provides for the establishment of the Public Procurement Board (PPB) which was tasked with the responsibility of drafting policy proposals, enforcement, approvals and harmonizing public procurement processes in the public service towards ensuring judicious, economic and efficient use of national resources.
•Public Procurement Authority (PPA) assumes an oversight role over public procurement and facilitate complete enforcement of Act 663 in the Republic of Ghana.