There were 346 Requests for Restricted Tenders, and 167 (48%) were approved, and 179 (52%) were rejected, the savings for Ghana, made over the year, as a result, amounted to some GH¢800 million said, President, Akufo-Addo.
According to the President Akufo-Addo, in 2017, in his first year in office, 394 Sole Sourcing Requests were made, out of which 223 (56.6%) were approved, and 171 (43.4%) were rejected.
Speaking at the 2018 State of the Nation Address, President Akufo-Addo revealed that the NPP Government have been able to transfer some GH¢3.1 billion of Tier 2 pension funds into the custodial accounts of the pension schemes of the labour unions, funds that have been outstanding for six years, and about which the labour unions had been loudly complaining.
Ghana on the right path
Still, on the state of the economy, he added that for the first time in a long while, Ghana's macroeconomic fundamentals are solid, and all the critical indices are pointing in the right direction.
"The world is taking notice of Ghana’s economic strides. Earlier, in January, the World Bank stated that Ghana’s economy would probably grow by 8.3% this year, which would make it the fastest growing economy in the world."
He concluded that last week, Bloomberg described Ghana’s Stock Exchange as the best-performing Stock Exchange in the world for January 2018 and the report illustrated how the Ghana Stock Exchange Composite Index has gained 19% since the start of the year, in dollar terms, ahead of the Nigerian, Chinese and Brazilian Stock Markets.
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