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For the purpose of this questionnaire, and in accordance with the International Monetary Fund’s definition (https://www.imf.org/external/np/sta/di/glossary.pdf), a foreign firm is a foreign-owned domestically incorporated enterprise (e.g. subsidiaries) in which a foreign investor owns 10 percent or more of the ordinary shares or voting power.)×
Material Adverse Government Action means any act or omission by the procuring authority or other relevant authority, which occurs during the term of the PPP Contract and which has a material adverse effect on (i) the ability of the PPPCo to comply with any of its material obligations under this PPP Contract and/or (ii) the cost or the profits arising from such performance.)×
A financial model is an analytical tool that allows the user to assess the financial robustness of the project by representing its expected financial performance, including cash flows, returns, etc. Not to be confused with a financial proposal.)×
To conduct the analysis on Ghana, the Benchmarking Public Procurement team referred to The Public Procurement Act (PPA) No. 663/2003, Manual of the Public Procurement Act No. 663/2003, and Regulations and Administrative Instructions found at: www.ppaghana.org.
To conduct the analysis on Ghana, for the Public-Private Partnerships Procurement topic, the team referred to Article 36(2)(b) and (c) of the 1992 Constitution of Ghana, the Ministry of Finance and Economic Planning PPP Toolkit for Unsolicited Proposals of December 2012, the Public Procurement Act 2003 - Act 663, and Section 3(1)(k) of the Ghana Highway Authority Act, 1997 - Act 540.×