By Kodjo Adams
Accra, Oct. 19, GNA – Procurement professionals have been urged to focus on quality, risk and total value rather than the lowest price when making purchasing decisions.
The call was made at the 2026 Procurement Masterclass organised by KRIF Ghana Limited on the theme: “Buying Better: Cost, Quality, Risk and Total Value in Workplace Procurement.”
A statement issued by KRIF Ghana Limited and copied to the Ghana News Agency said the programme brought together more than 100 procurement professionals and business practitioners from public and private institutions.
Participants were drawn from organisations including the Bank of Ghana, the Office of the President, the Ghana Police Service, Tobinco Media Group and institutions in the health sector.
The programme provided a platform for participants to share experiences, discuss workplace challenges and explore practical approaches to improving procurement performance.
Ms Millicent Gidisu, Deputy Manager at the Energy Commission, said the Masterclass had strengthened her understanding of procurement planning and sustainable procurement practices.
She said procurement professionals must consider value for money, sustainability and asset management alongside the cost of goods and services.
“The facilitators were very good, and the sessions were very interactive and practical,” she said.
Mr Maxwell Ackah, Procurement Head for the Southern Sector of DBS Industry, described the programme as an important opportunity for professional development.
He commended KRIF Ghana for supporting the capacity development of procurement practitioners.
The Masterclass encouraged participants to adopt procurement approaches that considered quality, risk, efficiency and total value.
Mr Kobina Atta Bedu, Management and Procurement Consultant, cautioned against “maverick buying,” which he described as unplanned purchasing outside approved procurement systems and procedures.
He said the practice could undermine organisational strategies, expenditure controls and financial performance.
Rev. Kennedy Okosun, Executive Chairman of KRIF Ghana Limited, urged procurement professionals to continuously upgrade their knowledge and broaden their understanding of the profession.
He said procurement practitioners needed expertise in finance, operations, technology, strategy and leadership to contribute effectively to organisational decision-making.
Rev. Okosun encouraged participants to consider quality, risk, efficiency and total value instead of focusing solely on price.
He said KRIF Ghana’s experience working with institutions over four decades had demonstrated the importance of procurement leadership in organisational performance.
Ms Maggie Lada, International Development Consultant and former USAID Chief of Party in Zambia, identified emotional intelligence, curiosity and sound judgement as key attributes for procurement professionals seeking leadership roles.
The programme featured a Procurement Challenge Lab, where participants worked in teams to address a practical procurement case from planning to contract award.
Sessions also covered professional development, supplier evaluation, procurement beyond the lowest price and the hidden costs associated with cheap purchases.
Certificates of participation were presented to participants at the end of the programme.
GNA
Edited by Kenneth Sackey
Reporter: Kodjo Adams 
Email: [email protected]