Value for Money – Knowsia

FM – L2 – Q132 – Public Procurement

Advising on commercial procurement for an autonomous agency and discussing tendering procedures for silo construction.

Question

An autonomous agency of government intends to construct new silos for storage of farm produce. The agency was set up by an Act of Parliament in 2017 and is responsible for ensuring food security in the country. The Head of Entity is of the view that the entity should apply commercial procurement practices since their objects are critical to national security.

(a) Advise the Head of Entity on the decision to use commercial procurement practices.

(b) Discuss the tendering procedures in the procurement of contractors for the construction of the silos.

Answer

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Tags: Competitive Tendering, National Security, Procurement Practices, Public Procurement, Tendering, Transparency, Value for Money
Level: Level 2

Topic: Public Procurement

FM – L2 – Q127 – Value for Money in Public Financial Management

Explain the concept of value for money in PFM and its elements with illustrations.

Question

(a) Value for money is critical in public financial management (PFM) and therefore every public policy and programme should be subjected to the value for money test.

Required:

(i) What do you understand by value for money in relation to PFM? (2 marks)

(ii) Explain, with illustration, the elements of value for money and their interrelations.

(b) The flagship programme of government is a Free Secondary Education Programme (FSEP) which aims at improving quality and access to secondary education through the removal of cost barriers.

Required:

Discuss steps that should be taken to ensure value for money in the implementation of the FSEP. (10 marks)

Answer

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Tags: Economy, Effectiveness, Efficiency, Equity, Free Education, Public Financial Management, Value for Money
Level: Level 2

Topic: Introduction to financial management

FM – L2 – Q48 – Sources of finance: debt

Explain Public Private Partnership, discuss its guiding principles, and outline challenges to its use in Ghana.

Question

PUBLIC PRIVATE PARTNERSHIP

Governments may explore new public financing initiatives for the provision of public infrastructure and services. Public Private Partnership (PPP) is a common vehicle used by governments to achieve this objective.

Required:
(a) Explain the term Public Private Partnership.
(b) Discuss the principles guiding the use of the Public Private Partnership.
(c) What are the challenges to the use of PPP in Ghana?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial management, Ghana, Infrastructure Financing, Local Content, PPP, Private Sector, Public Private Partnership, Public Sector, Risk Allocation, Value for Money
Level: Level 2

Topic: Sources of finance: debt

Tag (SQ): Value for Money

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FM – L2 – Q132 – Public Procurement

Advising on commercial procurement for an autonomous agency and discussing tendering procedures for silo construction.

FM – L2 – Q127 – Value for Money in Public Financial Management

Explain the concept of value for money in PFM and its elements with illustrations.

FM – L2 – Q48 – Sources of finance: debt

Explain Public Private Partnership, discuss its guiding principles, and outline challenges to its use in Ghana.

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Tag (SQ): Value for Money

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FM – L2 – Q132 – Public Procurement

Advising on commercial procurement for an autonomous agency and discussing tendering procedures for silo construction.

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FM – L2 – Q127 – Value for Money in Public Financial Management

Explain the concept of value for money in PFM and its elements with illustrations.

You're reporting an error for "FM – L2 – Q127 – Value for Money in Public Financial Management"

FM – L2 – Q48 – Sources of finance: debt

Explain Public Private Partnership, discuss its guiding principles, and outline challenges to its use in Ghana.

You're reporting an error for "FM – L2 – Q48 – Sources of finance: debt"

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