Ghana Institutional Support Program to Oversight and Private Sector Development Institutions (GISP)
- Reference: P-GH-KF0-001
- Approval date: 10/09/2012
- Start date: 22/07/2013
- Appraisal Date: 05/02/2012
- Status: OngoingOnGo
- Implementing Agency: MINISTRY OF FINANCE AND ECONOMIC PLANNING
- Location: Ghana
Project description: About Ten (10) institutions and services have been identified for potential intervention under two components (as of now, and to be confirmed during appraisal) in the areas of business enabling environment, improved public procurement system, audit services and strengthening of oversight institutions. The proposed operation will support the GoG through training and technical assistance to these selected institutions whose improved capacity and efficiency is believed to have a higher economy-wide spill-over effect and enhance implementation of the recently approved budget support operation in Ghana. The first component is expected to enhance the capacity, accountability and integrity in the management of public resources and the second component is expected to improve the business environment for private sector development, with a focus on Institutional Support to Private sector representatives (notably the Private Enterprise Foundation, PEF and the National Board of Small Scale Industries, NBSSI). The program provides technical assistance and capacity building training to staff of the identified institutions and services in critical skills; IT and office equipment to Audit services, public procurement, office of the parliament, NTRU, Ghana Statistics, NDPC, PEF, NBSSI, MOTI (?)),MDBS secretariat, and the AfDB desk at MoFEP.
The main objective of the project is to promote competitiveness and private sector led inclusive growth through improved pubic resources management and enhanced competitiveness of the private sector. The expected results of the project include:
(i) strengthened non-tax revenue mobilization framework;
(ii) improved aid coordination and project management system;
(iii) modern internal audit function that can work in synergy with the external audit function;
(iv) enhanced public procurement system;
(v) enhanced capacity of Private Enterprise Foundation (PEF), National Board of Small Scale Industries (NBSSI) and Ghana Stock Exchange (GSE) to support small and medium enterprises (SMEs); and
(vi) enhanced capacity in Financial Sector policy Formulation.
The rationale for the Bank's intervention can, in general, be put in the broader context of support for Ghana's growth and poverty reduction efforts. According to the CSP, a number of capacity challenges make Ghana's economy to remain somewhat uncompetitive. Lying at the heart of these capacity challenges are shortage of the needed skills, technology, innovations, governance, and institutional reforms that are essential for enhancing total factor productivity (TFP), and whose growth stems from new ideas including research and development (R&D), well-functioning institutions, and better ways of doing things. The level and quality of skills which Ghana produces will be critical factors in its ability to take advantage of new opportunities (such as those emerging in the country's nascent oil and gas industry) and to achieve a competitive edge in a rapidly changing economic and technologically-driven world. The proposed ISP will afford the Bank an opportunity to continue to support Ghana's development and poverty reduction efforts especially in the areas of PFM and private sector development process.
The proposed institutional support project will complement the implementation of the PRBESP and build on previous operations and programs financed by the Bank and other Development Partners (DPs). Through its previous four budget support and two Institutional Support Projects (ISPs), the Bank has acquired substantial knowledge and experience on challenges facing Ghana's economy. The Bank's field presence is also an important asset that allows it to have full engagement in the country's development agenda. The project will contribute further to institutional development and knowledge building in Ghana particularly in the areas of public financial management and business environment (particularly domestic resource mobilization, public procurement, internal audit, oversight function and private sector development). Knowledge will be gained through skills transfer from advisors and consultants to the staff of beneficiary institutions and through the various data and information platforms and manuals to the users, as well as through the varous training courses and workshops. Knowledge gained from this project will also be captured through careful monitoring and evaluation of expected outputs and outcomes, supervision missions, and Project Completion Report
LUMBILA Kevin Numbi - OSGE1