Sustainable procurement practice in Ghana: the perspective of the banking sector

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The research work explored how environmental and social considerations are factored in sustainable procurement practice in the banking sector of Ghana. There are some short falls in implemented procurement policies and framework of banks in Ghana and these had made it difficult for most banks to practice sustainability. However, meeting the needs of an outfit for goods, services and infrastructure, value for money, quality life style and protection of the environment is one of the benefits of sustainable procurement. Questionnaires and interviews were used and the questions included close-ended questions ranked on Likert scale rating. A multi-purpose sampling technique was adopted that is stratified and purposive research methods; which were used to determine seven banks for this study. Out of twenty-eight questionnaires administered, sixteen was received and was analysed quantitatively. The data was transformed using descriptive analysis to determine the mean and frequencies distributions with the aid of the Statistical Package for Social Sciences (SPSS version 16) and Microsoft excel 2007. Even though some banks initiated corporate social responsibility, it was discovered that few practitioners have knowledge in sustainable procurement. The most rated factors under the categories of environmental and social considerations were organization should have a policy to check the performance of stakeholders, specified a disposal method and collective bargaining of suppliers, health and safety management system respectively. Some challenges most encounted in the implementation of sustainable procurement were competitive priority and cost. The study recommended that environmental and social considerations should be factored in the procurement practice of the banking sector and a strategic concern of managers. Corresponding training and documents should be readily available to stakeholders.
A thesis submitted to the Department of Building Technology, College of Art and Built Environment in partial fulfilment of the requirements for the degree of Master of Science,
social, Ghana, Procurement, environment, sustainable, banking sector