Republic of Ghana  

SPECIFIC PROCUREMENT NOTICE (IFB)

Economic Management Capacity Building Project

Credit No.: 4124 GH

Supply and Installation of an Electronic Surveillance System for the Securities and Exchange Commission, Ghana

IFB No.: EMCBP/SEC-ESS/09

1. This Invitation for Bids follows the General Procurement Notice for this Project that appeared in Development Business, issue no. 702 of 19th April, 2007.
   
   
2. The Government of Ghana has received credit from the International Development Association towards the cost of the Economic Management Capacity Building Project and it intends to apply part of the proceeds of this credit to payments under the agreement(s) resulting from this IFB:  Contract for the supply and installation of an Electronic Surveillance System for the Securities and Exchange Commission (SEC), Ghana.
   
   
3. The Securities and Exchange Commission (SEC) which is the apex regulator of the securities market in Ghana serves as the implementing agency for the project and now invites sealed bids from eligible Bidders for an information system that supports electronic surveillance of the entire securities market in Ghana.  It must provide an electronic interface for market participants (licenced operators in the market) to file in their financials, non-financial and other statutory reports to the SEC electronically, the ability to generate an interactive reporting module out of the submitted reports and electronic surveillance to monitor trading activity of the Ghana Stock Exchange. 
   
   It also involves the creation of databases to capture the submissions.  An electronic market information system is thus required.  The system must be a web-based application to allow for connectivity from the securities market operators from their offices.  This web based component will also be an online knowledge-based and information-rich resource which will be available and accessible to the investing public at all times.
   
   The establishment of the system will involve the procurement and installation of hardware (servers, routers, firewalls), network communication (LAN and WAN), software, training and system integration with the existing Automated Trading System (GATS) of the Ghana Stock Exchange. 
   
   
4. Bidding will be conducted using the International Competitive Bidding (ICB) procedures specified in the World Bank’s Guidelines: Procurement under IBRD Loans and IDA Credits and is open to all Bidders from eligible source countries as defined in the Guidelines that meet the following minimum qualification criteria: During the past five (5) years the Bidder must have completed at least a successful contract involving the development, installation and provision of technical support for an automated trading or an electronic surveillance system preferably in emerging markets of similar functional/technical characteristics and of a comparable scale (at least thirty (30) workstations at approximately twenty (20) sites).  The Bidder must show annual turnover of at least US$2,000,000 for at least two (2) of the last four (4) years.
   
   
5. Interested eligible Bidders may obtain further information from Securities and Exchange Commission, Ghana and inspect the bidding documents at the address given below from 08.00 to 17.00 hours GMT during working days.
   
   
6. A complete set of bidding documents in English may be purchased by interested Bidders on the submission of a written application to the address below and upon payment of a nonrefundable fee of US$300 or its Ghana cedi equivalent.  The method of payment will be Bank certified cheque.  The document will be sent by hand for local delivery and by courier for foreign delivery. A pre-bid meeting which potential bidders may attend will be held two weeks after the bid document has been issued to potential bidders.
   
   
7. Bids must be delivered to the address below at or before 14.00 hours GMT on 17th March 2009.  All bids must be accompanied by a bid security of at least 2% of the bid price.  Late bids will be rejected.  Bids will be opened in the presence of the Bidders’ representatives who choose to attend at the address below at 14.00 hours GMT on 17th March 2009.
   
8. The attention of prospective Bidders is drawn to (i) the fact that they will be required to certify in their bids that all software is either covered by a valid license or was produced by the Bidder and (ii) that violations are considered fraud, which is, among other remedies, punishable by potential blacklisting from participation in future World Bank-financed procurement.

The address referred to the above under paragraph 5,7 and 7 is below

The Director-General
Securities and Exchange Commission, Ghana
P. O. Box CT 6181, Cantonments, Accra, Ghana
Location: 30 3rd Circular Road Cantonments, Accra

Tel: +233-21-768910-2; Fax: +233-21-768984