This study critically examines the procurement Act 663, its impact on accountability and transparency of officers in the public sector. Specific research objectives were set to determine the laid down procedures for procurement Act; determine the competence of procurement staff in the procurement sector and to review the budgetary perspective of the procurement entity in Ghana. As methodology, the study adopted a quantitative research approach while employing a case study approach. Overall, 380 questionnaires were administered as well as face-to-face interviews conducted. The study findings revealed that the staff lacked professional knowledge on procurement service as the financial budget allocated for staff training was vastly inadequate. The study also revealed that a varied level of compliance existed among the procurement institute studied in respect of part II of the Act. It was also established that, whereas there was a high level of compliance in areas of well-established tender committees among significant others, prior mandatory days before scheduled date for meetings and professional expertise in procurement practice showed relatively low compliance. Furthermore, even though high education levels were indicated in the study; little was revealed about the acquisition of professional qualification in procurement among staff in the entity. The study recommends among others that an operational manual for procurement Act should be given to all procurement staff to guide and make them conversant with the procedures that guide procurement profession.