“The Value for Money legislation is expected to improve fiscal discipline across state institutions by introducing stronger checks and balances. In conjunction with the Value for Money Act, the Procurement Practicing Bill will tighten oversight of public financial management, reduce procurement irregularities and ensure more efficient use of public funds. Dr. Annan says the two laws will concurrently empower procurement and supply chain officers as well as strengthen procurement governance in the country. In addition, Dr. Annan notes that “The Value for Money Act establishes an oversight framework, but its success will depend on the quality of procurement practice across the public sector. Value for Money ACT Alone WON’T Deliver, GIPS Warns