The government says road contracts awarded through single-source procurement will now face stricter scrutiny following the establishment of the new Value for Money Office.
Speaking at the Government Accountability Series on Monday, June 15, Minister of State in charge of Government Communications, Felix Kwakye Ofosu, said the office will ensure that major projects are properly assessed before they receive approval.
He explained that under the new law, public sector single-source contracts above a certain threshold must first obtain a Value for Money certificate before they can be awarded.
“In accordance with the Value For Money Office Act 2026, all public sector single-source contracts above the determined threshold must go through the Value For Money Office and obtain a Value for Money certificate before the contract is awarded,” he said.
The move is expected to have a major impact on road projects, which often consume a significant portion of government spending.
Mr. Kwakye Ofosu said the aim is to ensure taxpayers get value for money and that projects are properly costed before contracts are signed.
He added that even though some road projects may be urgent, they should not bypass technical and financial assessments simply because they need to be completed quickly.
The new system will also require procurement entities to publish details of approved contracts, financial valuations and beneficial ownership information on a centralized e-procurement platform.
Government believes the reforms will improve transparency, reduce waste and ensure public funds are spent more responsibly.
The Value for Money Office is expected to become a key part of efforts to strengthen accountability in public procurement, particularly in the road sector where concerns about costs and contract awards have often been raised.
