Procurement risks management in the public sector of Ghana: a case study of public health agencies in the Greater Accra Region
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Date
2015
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Abstract
Efficient public procurement practices contribute towards the sound management of public expenditures more generally. With the trend towards decentralization of government functions, it puts the decision-making on procurement in the hands of those responsible for delivery of services. Risk management is an activity which integrates recognition of risk, risk assessment, developing strategies to manage it, and mitigation of risk using managerial resources.
The aim of the study was to identify risks associated with the various stages of the procurement process within public sector agencies and recommend ways of dealing with the identified risks. The objectives of the study among others included identifying risks associated with various stages of the procurement process, assessing the impacts of risks on the procurement process and proposing risk management strategies to be adopted by the public sector agencies. Public health sector agencies in the Greater Accra region were used as case study.
The main tools for the collection of data included questionnaires whiles the target population for the data collection were procurement practitioners. Statistical package for social scientists (SPSS V 20) using mean score ranking was employed to analyze data obtained.
The study identified thirty two (32) risks associated with various stages of the procurement process, twelve (12) impacts of these risks on the procurement process and sixteen (16) risk management strategies.
The findings classified seven (7) of the identified risks as major; three (3) of the impacts of the risks as critical or significant; and all sixteen (16) risk management strategies as very important.
The study concludes that an efficient procurement system requires strategic risk management at all stages of the procurement process. It recommends among others, training and professional development for procurement staff and effective monitoring of public procurement entities by the procurement regulatory authority.
Description
A thesis submitted to the Department of Building Technology,
Kwame Nkrumah University of Science and Technology in
partial fulfillment of the requirement for the Degree of Master of Science in Procurement Management.