2017 Budget: 70% of govt projects to be awarded to business women with disability

    /    Mar 2, 2017   /     Business, Economy, NewsBreak  /    Comments are closed  /    409 Views

Government has pledged to pass a legislation that will require that 70% of government projects and procurement are executed by entities owned by women who are Persons Living with Disability.

Presenting the 2017 budget Thursday [2nd March, 2017], the Finance Minister, Dr. Ken Ofori Atta said “Government believes in empowering the local private sector and will pass legislation to require that over time, at least 70% of all government projects and procurement are executed by local corporations and enterprises set aside for entities owned by women persons with disability and those established under the Youth Enterprise Fund and among other initiatives.”

According to the minister who was speaking on local content in the country, government also intends to introduce and enforce a local content policy for government projects and procurement that will focus on job creation and local value addition with emphasis on skills improvement.

Mr. Ofori Atta indicated that would require a job impact analysis of all qualifying projects in order to ensure the success of the above mentioned policy.

He continued that all qualifying projects “must demonstrate clearly positive job creation with skills improvement and other local , value addition that must pass strict criteria established by the government.”

He said the Legislative Instrument (LI) 2204 which was passed in 2013 to maximize value addition and job creation through  local value addition will also be expanded and legislated as local  country content for the country.

Source: Suraya Alidu Malititi | kapital971.com

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