PROSPECTS, BENEFITS, AND CHALLENGES OF GHANA E-PROCUREMENT SYSTEMS (GHANEPS), FIVE YEARS AFTER ITS IMPLEMENTATION: KTU AS A CASE STUDY

Abstract

Worldwide, both private and public businesses engage in procuring goods, services, or both from external sources in various ways. In simple terms, procurement involves businesses acquiring items from suppliers. It is a crucial aspect of business operations, encompassing trade or commerce between two or more enterprises. The prospects of Ghana’s E-Procurement System (GHANEPS), are promising, with potential advancements in procurement efficiency, transparency, and accountability. This study aims to evaluate the prospects, benefits, and challenges with the implementation of GHANEPS at Koforidua Technical University. A quantitative method was employed, with 25 respondents, a survey with a close-end questionnaire as the research instrument and descriptive data analysis. The findings revealed that GHANEPS is widely recognized for its potential to significantly reduce procurement process times, leading to more responsive public sector operations. Also, GHANEPS has significantly increased transparency in procurement activities, promoting accountability and reducing the potential for corruption. However, GHANEPS has increased their workload or added complexity to the procurement process