{
  "id": 12095314,
  "title": "Ghana procurement officers urged to look beyond low-priced contracts",
  "url": "https://urgent.news/2026/10/05/ghana-procurement-officers-urged-to-look-beyond-low-priced-contracts",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T06:30:31.000Z",
  "source": {
    "name": "Ghana Business News",
    "slug": "ghana-business-news",
    "url": "https://www.ghanabusinessnews.com/2026/10/05/ghana-procurement-officers-urged-to-look-beyond-low-priced-contracts/"
  },
  "original_language": "en",
  "account": "Procurement experts have been advised by Mr Kobina Atta Bedu, a Management and Procurement Consultant, to concentrate on aspects such as quality, risk, efficiency, and overall value when making purchasing decisions, rather than merely seeking out the lowest-priced contracts. Bedu expressed concern about \"maverick buying,\" which occurs when individuals or departments procure goods and services outside of the established procurement systems, as this could undermine financial performance and organizational strategy. Speaking at the 2026 KRIF Ghana Procurement Master Class in Accra, Bedu emphasized the importance of procurement officers understanding their organizations' broader objectives, vision, business strategies, and objectives in order to develop appropriate procurement strategies that maximize value for money. Ms Maggie Lada, an International Development Consultant and former USAID Chief of Party in Zambia, highlighted that emotional intelligence, curiosity, and sound judgement are as critical as technical competence for procurement professionals as they advance to management positions. She advised them to foster effective relationships across departments, handle disagreements professionally, and present practical solutions to senior managers instead of merely raising problems. Reverend Kennedy Okosun, Executive Chairman of KRIF Ghana Limited, stressed that procurement professionals must expand their knowledge in areas such as finance, operations, technology, strategy, and leadership to make meaningful contributions to organizational decision-making. He noted that procurement should be seen as a strategic function capable of driving organizational growth and performance. The Master Class, themed \"Buying Better: Cost, Quality, Risk & Total Value in Workplace Procurement,\" featured a practical Procurement Challenge Lab where participants tackled a real-life exercise from contract planning to award, alongside sessions on supplier evaluation and the hidden costs of purchasing inexpensively. The event aimed to enhance professional competence and empower practitioners to deliver greater value through procurement.",
  "summary": "Procurement professionals have been urged to look beyond securing the lowest price making purchase decisions based on quality, risk, efficiency and the overall value to their organisations. The post Ghana procurement officers urged to look beyond low-priced contracts appeared first on Ghana Business News .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}