We saved Ghana $19m in 2020 elections – EC

The EC saved Ghana $19 million in the 2020 elections.

The Electoral Commission (EC) has implemented an open competitive bidding process for its procurement activities since 2020, ensuring transparency and fairness in the acquisition of materials and services. This approach entails publicizing approximately 95% of procurement notices through local newspapers, facilitating broader participation and enhancing market competition.

Mrs. Mensa, a key proponent of this strategy, emphasizes its multifaceted benefits. Notably, it not only safeguards the optimal utilization of financial resources by ensuring value for money but also fosters a robust competitive environment, ultimately leading to reduced procurement expenses.

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By leveraging the widespread coverage provided by local newspapers, the EC ensures that its procurement activities receive ample visibility, attracting a diverse pool of potential suppliers and service providers. Consequently, this heightened competition incentivizes bidders to offer more competitive pricing, thereby driving down procurement costs.

The efficacy of this approach is evidenced by tangible savings realized by the EC. Mrs. Mensa highlights a significant reduction in expenditure, citing a remarkable $19 million in cost savings. Moreover, she underscores the cost-efficiency achieved in electoral processes, citing a substantial decrease from $13 per capita in 2016 to a mere $7.7 per capita in 2020.

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These savings not only reflect prudent fiscal management but also underscore the tangible benefits of implementing transparent and competitive procurement practices. By adhering to stringent bidding procedures and leveraging the reach of local newspapers, the EC maximizes the value derived from its expenditures while fostering an environment conducive to fair competition and innovation.

In essence, the EC’s commitment to open competition in procurement not only ensures fiscal responsibility but also promotes economic efficiency and equitable access to business opportunities. Through continuous adherence to these principles, the EC remains steadfast in its pursuit of sustainable development and prudent resource allocation, setting a precedent for effective governance and accountability within the region.

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