Ghana news briefing
87% of COCOBOD cocoa roads contracts directly awarded – IMF
The IMF is advocating stronger governance and financial controls across state-owned enterprises to reduce the risks their operations pose to public finances.
The Ghana Cocoa Board (COCOBOD) has been flagged over major weaknesses in the procurement and management of projects under its cocoa roads investment programme, according to an IMF Technical Assistance Report.
Beyond the procurement process, the IMF report points to weaknesses in project costing and contract management, saying these shortcomings contributed to additional financial pressures.
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