Expression of Interest - Details
- Eoi Name:
- Design And Feasibility Study Of A Digital Platform For MSME Finance.
- Pack #:
- GH-GDFP-157530-CS-QCBS
- Post Date:
- 14th January, 2021
- Submit Date:
- 12th February, 2021
- Tender Cat:
- Consultancy Services
- Agency:
- Ministry of Finance
- Industry:
- Financial
- Description:
- Consultancy Services For The Design And Feasibility Study Of A Digital Platform For MSME Finance.
The Ministry of Finance has received financing from the World Bank towards the cost of the preparation of the Development Finance Project (the Project), which supports the establishment of the Development Bank, Ghana (DBG) and the design of its future products and services.
The Development Bank Ghana (DBG) – will provide wholesale lines of credit and partial credit guarantees (PCGs) to eligible participating financial institutions (PFIs) for on-lending to MSMEs, and support the development of a digital platform for MSME finance, among other activities.
The DBG will explore the possibility of sponsoring a digital platform that can help reduce information asymmetries and unlock private sector capital for MSMEs. While a digital platform can be privately owned and operated, there are many examples of markets that required a public sponsor to kick-start such platform. This can have a demonstration effect and encourage the private sector to develop alternative solutions.
Based on preliminary conceptualization, the proposed platform is expected to offer missing services to MSMEs in Ghana, serve as an intermediary between the Ghanaian real and financial sector, and combine/facilitate various services to unlock MSME finance and support their growth and productivity. The services offered by the platform would leverage each other to achieve economies of scale, improve credit risk process, introduce innovation, and facilitate MSME access to financial services. The services to be considered in this study primarily include:
(i) Accounts receivable finance;
(ii) Electronic invoicing; and,
(iii) Cloud based accounting.
.
The Consultant will assist the MoF/DBG in establishing an effective and sustainable public-sponsored digital platform (“the Platform”) that can increase access to finance to SMEs in Ghana.
The selected Consultant will not be eligible to bid for the supply/design of the software solution for the Platform.
The detailed Terms of Reference (TOR) for the assignment can be found at the following website: https://www.mofep.gov.gh.
The Ministry of Finance now invites eligible consultancy firms (“Consultants”) to indicate their interest in providing the Services. Interested Firms should provide information demonstrating that they have the required qualifications and relevant experience to perform the Services by submitting the most current company profile.
The shortlisting criteria will include:
• Minimum of 10 years of experience in the provision of consulting services, including to financial sector institutions;
• Track record in the provision of advice on the design/establishment or restructuring of e-invoicing and receivables financing platforms, particularly in a similar country context;
• Demonstrated international experience, including in Africa or in emerging economies.
Key Experts will not be evaluated at the shortlisting stage.
The attention of interested Consultants is drawn to Section III, paragraphs, 3.14, 3.16, and 3.17 of the World Bank’s “Procurement Regulations for IPF Borrowers” July 2016 revised November 2017 and August 2018. Setting forth the World Bank’s policy on conflict of interest.
Consultants may associate with other firms to enhance their qualifications, but should indicate clearly whether the association is in the form of a joint venture and/or a sub-consultancy. In the case of a joint venture, all the partners in the joint venture shall be jointly and severally liable for the entire contract, if selected.
A Consulting Firm will be selected in accordance with Quality and Cost Based Selection Method set out in the Procurement Regulations.
- Source of Funds:
- World Bank
- Region:
- Greater Accra
- District:
- Accra Metropolitan District
- Contact Person:
- Procurement Expert, Ghana Development Finance Project (GDFP),Ministry of Finance, 28th February Road, Finance Drive, P. O. Box MB 40 Accra-Ghana
- Email :
- GDFP@mofep.gov.gh
- Tel :
- +233(0)240-956-958
- Fax :
- Website: