Business News of Thu, 11 Apr 20196

Value-for-Money Audit report okays $2bn Sinohydro Project – Oppong Nkrumah

Minister for Information, Kojo Oppong Nkrumah has rendered untrue the falsehood put out by the NDC that there is no value-for-money audit report for the $2bn infrastructure for bauxite project between government of Ghana and Sinohydro. On the contrary, he says the the value-for-money audit report has okayed the project.

Mr Oppong Nkrumah made this known when he was speaking on the Citi Breakfast Show on the morning of Wednesday, 10th April 2019. Mr Nkrumah claims the falsehood by the NDC is their usual acts of standing against every useful policy of government, describing the NDC as enemies of progress.

The report indicates that “The Ministry of Roads and Highways (MRH), by a letter MRH/PD264/323/01 dated 17th December, 2018, requested for a Value for Money Analysis for the Construction/Rehabilitation of Selected Roads and Interchanges in Ghana-Phase 1: Lot 1 (Accra Inner City Roads).”

Accordingly, the MRH submitted to the Ghana Institution of Surveyors (GhIS) on 8th January, 2019 documents relating to a proposed Contract between: Ministry of Roads and Highways (MRH, “the Employer”) of Ghana represented by the Department of Urban Roads (DUR), and Messrs Sinohydro Corporation Limited (SHCL) of China, (“the Contractor”)

(“the Parties”) and requested GhIS to undertake a Value for Money (VFM).

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The report concludes “In terms of their informational contents, both the Employer’s Requirements and the Contractor’s Proposal largely conform to the GhIS guidelines for best international practice. The documents are unambiguous and detailed and the Employer’s Requirements have the overall coherence and logical flow”.

This indicates that the claim by the NDC that there is no value-for-money audit report is false and should be discarded.



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