GhIS retorts Minority in a value-for-money audit for a $ 2 billion Sinohydro deal



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General News on Thursday, April 11, 2019

Source: Myjoyonline.com

2019-04-11

Obeng Ayirebi Obeng Ayirebi, President of the Metrology Division of the Ghana Geometers Institution

The Ghana Geometers Institution (GhIS) said that no value-for-money audit before signing a $ 2 billion infrastructure deal would not make the deal problematic.

Obeng Ayirebi, chairman of the professional organization's quantity statements division, said that according to the principle of value-for-money audits, an badessment can be performed before, during or after the signing of the contract .

"The principle of value for money does not stipulate anywhere that you have to do it at all costs before you sign a contract. Value for money can be achieved at each phase of the project, "he told PM Express on Wednesday night.

The minority insists that Ghana could be exchanged if the government proceeded with the project without a credible financial badessment of its profitability.

On Wednesday, at a news program on the Joy News channel on the MultiTV channel, Inusah Fuseini, member of the Committee on Constitutional, Legal and Parliamentary Affairs, Member of Parliament, reiterated the opinion of the minority that the government could break the law. without audit.

"There is a legal injunction because you want to optimize the project. And to optimize the PPA [Public Procurement Authority] We have to see what we get from this project, "he said.

However, to counter this, Mr. Ayirebi said that an audit can be conducted at any stage of the project.

"When you start a project, at the halfway point, you can stop and make good value for money," he said.

He further explained: "The import of resource optimization is not limited to costs. When you talk about resource optimization, you talk about the effectiveness … of the effectiveness … of the sustainability of the project, so that you combine everything so that you can formulate a judgment.

In his view, Minority's fixation of the cost aspect of a value-for-money badessment is not consistent with the principle of value-for-money audits.

"You may have a project, the cost may be high but it could be very effective for you," he said.

L & # 39; agreement

The Sinohydro Agreement is an agreement between the Government of Ghana and the Chinese group Sinohydro Group Limited to provide the infrastructure of its choice in exchange for Ghana's refined bauxite.

Some projects include the construction of roads, bridges, interchanges, hospitals, social housing, among other projects.

On Wednesday, President Addo Dankwa Akufo-Addo commissioned a road infrastructure project that will be covered by the agreement reached in the Northern Region.

Value for money

For his part, the Minister of Information, Kojo Oppong Nkrumah, said that a verification of resource optimization carried out by the GhIS had allowed to approve the project well.

He said Wednesday that the Ministry of Roads and Authorities had requested in December 2018 a value-for-money badysis for the construction and rehabilitation of some roads and some interchanges in the framework of Phase 1 of the agreement of 2 billion on Sinohydro, entitled "Intramural roads of Accra".

According to the Minister of Information, the GhIS report on the roads of downtown Accra pbaded the test of badysis of resource optimization.

But Mr. Fuseini told PM Express that the roads in downtown Accra were just a project under the huge $ 2 billion deal, suggesting that a project (the Accra's downtown roads) is supposed to have resulted in verification does not mean that even reach.

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