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GII condemns BoG for sole sourcing procurement of gold watches
Media reports suggest that some documents making the rounds indicate that the Central Bank sent a request to the Public Procurement Authority (PPA) to sole source the watches from a Swiss watch Company.
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Speaking on Accra-based Citi FM Programmes Manager of GII Mrs Mary Awelana Addah said the Central Bank should have gone through the tendering process since there were other watch manufacturers.
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Media reports suggest that some documents making the rounds indicate that the Central Bank sent a request to the Public Procurement Authority (PPA) to sole source the watches from a Swiss watch Company.
But the Bank in a statement signed by its communication department argued that they went through the required process to procure the watches.
READ ALSO: BoG to renounce its ownership of two banks
The statement further justified its spending of a whopping €450,000 - an equivalent of Gh¢2 million on gold watches for its retiring staff.
The statement explained that as per the tradition of the Central Bank, they award to staff of the Bank who has served in the institution for thirty years or more.
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