CONTRACT AWARD INFORMATION: Recruitment of a Firm to Audit FARA Secretariat for the Financial Years 2018-2020 (FARA/MDTF/CS/LCS/2018/01)

11th March, 2019, Accra, Ghana

CONTRACT AWARD INFORMATION
Consultancy Services for the Recruitment of a Firm to Audit FARA Secretariat for the Financial Years 2018-2020 (FARA/MDTF/CS/LCS/2018/01)

 1.0 Background

FARA’s current Revised Medium Term Operational Plan (MTOP covers the period 2016 – 2018. It focuses on building FARA’s readiness to lead the design and implementation of a country-driven Science Agenda for Agriculture in Africa as a framework to achieving Malabo Commitments and STISA-2024.  In the MTOP-2R FARA sets out to achieve three specific objectives, namely to:

  1. Provide knowledge and decision support to stakeholders on capacities, policies, practices, technologies and innovative funding instruments to aid the implementation of the science agenda.
  2. Strengthen policy, technical and institutional capacities of national and regional stakeholders to design and implement programs of the science agenda.
  3. Build and strengthen innovation systems and partnerships among national and regional stakeholders as well as development partners to facilitate multi-stakeholder engagement, dialogue and resource support for the implementation of the science agenda and regional integration

FARA’s funding include support from a group of development partners through Multi Donor Trust Fund (MDTF) established at the World Bank to facilitate joint-financing and to assist the further institutional development of FARA. The current funding to the MDTF is provided by the European Commission. Other donors such as AfDB, BMFG, FAO/GFAR etc. also support FARA’s activities through bilateral time-bound agreements. The Strategic Plan, the Medium Term Operational Plan (MTOP) and annual plans are the basis for which coordinated support are provided by all donors. The Trust Fund will provide substantial funding for activities in the MTOP of FARA.

In order to ensure that the funds are used properly for the purpose for which they are intended and accounted for in accordance with the World Bank procedures, it is mandatory for the accounts to be audited by an independent Auditing Firm. FARA now intends to engage the services of an Auditing Firm to audit the accounts which are being kept and operated for the implementation program.

2.0 Objective:

According the MDTF Grant Agreement, FARA is expected to appoint an external auditor with the terms of reference, qualifications, and experience satisfactory to the World Bank. FARA shall have its Financial Statements audited in accordance with the provisions of Section 2.07(b) of the Standard Conditions of the World Bank. Each such audit of the financial statements shall cover the period of one fiscal year (January to December).

3.0 Submission of Expression of Interest (EOI)

An Expression of Interest (EOI) for this assignment was advertised in the Ghana Daily Graphic newspaper, Devnetjobs, and the FARA website on 16th August, 2018 and closed on 29th August, 2018. Ten firms expressed interests on the closing date of submission. The Ten firms are as follows;

Table 1: List of firms that expressed interest

No. Name of Firm Expressing Interest Country
1 Ernst & Young (E&Y) Ghana
2 Egala, Atiso & Associates (EAA) Ghana
3 Gadi Kessi &Co. (GKC) Ghana
4 PriceWaterHouse Coopers (PwCIL) Ghana
5 SCG  Audit Ghana
6 UHY Voscon Ghana
7 Global Auditors Ghana
8 Baker Tilly Andah + Andah Ghana
9 Issifu Ali & Co Ghana
10 K Ackah & Co. (KAC) Ghana

 

From the evaluation of applications, five Firms were shortlisted and asked to submit both Technical and Financial proposals. Messrs’ Baker Tilly Andah + Andah, Messrs. PriceWaterHouse Coopers and Messrs. Ernst & Young passed the technical evaluation and therefore had their financial proposals opened. Messrs. Baker Tilly Andah + Andah offered the least cost proposal and therefore invited for contract negotiation.

 4.0 Contract Amount/Duration

The total cost of the Financial Proposal inclusive of Indirect Taxes submitted by the Messrs. Baker Tilly Andah + Andah is USD38,697.57.

A Contract was therefore signed on 7th March, 2019 Between Forum for Agricultural Research in Africa and Messrs. Baker Tilly Andah + Andah having its principal place of business at Nyanyo Lane, Asylum Down, P.O. Box CT5443, Cantonments.

 

The contract is expected to end on 30th June, 2021.

 

You may download the Pdf version of the award HERE

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