Examining the effect of e-procurement in reducing procurement fraud and corruption: a case of selected mining companies in Ghana
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Date
2023
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KNUST
Abstract
The study's main objective is to assess how e-procurement may reduce procurement fraud and corruption in four (4) Ghanaian mining enterprises. To achieve this objective, a research questionnaire was then designed, disseminated to study population, and responses from participants analyzed using factor analysis. The study revealed breaking of monopoly of power, transparency and accountability, and breaking of information asymmetry, as e-procurement anti-corruption variables that combat procurement fraud and corruption in the mining companies. The most effective e-procurement factor for preventing procurement fraud and corruption is breaking of monopoly of power, followed by transparency and accountability, and the least is breaking of information asymmetry. The results add to the body of knowledge on e-procurement in underdeveloped countries while also expanding it in Ghana. As a result, the study supports earlier research as well. Overall, the study's findings imply that e-procurement reduces corruption and fraud in the procurement processes of Ghanaian mining firms. A deeper comprehension of the potential of e-procurement to fight against corruption is a motivation for procurement professionals to advocate for its implementation as part of an anti-corruption agenda. The study is also restricted to the Ghanaian mining sector.
Description
A dissertation submitted in partial fulfilment of the requirements for the award of master of science (procurement and supply chain management