Audio By Carbonatix
Ghana needs to pass a competition law and establish an authority to monitor and research into complaints of industry players who feel cheated by acts of their peers.
Presenting a draft research report on measuring the economic impact of competition, Mr. Roghit Singh, a research fellow with the Overseas Development Institute (ODI), said the absence of legislation on anti-competitive practices did not augur well for the country.
He said appropriate competition policies and the establishment of competitive authority could help to ensure that markets work efficiently and effectively to deliver economic welfare and growth.
Apart from undermining corruption, competition facilitates international competitiveness, private sector development, employment creation and makes an important contribution to the wider economic growth of developing countries.
Mr Singh noted that the mobile phone market in Ghana appeared to be well regulated and fairly competitive, and as a result was performing relatively well with high penetration rates compared to Kenya and Zambia.
"A well-performing and competitive mobile sector with low prices and wide coverage can have significant knock-on-benefit for the economy as a whole", he added.
Mrs. Kareen Ellis, Business Development Manager of ODI, who presented findings on the sugar industry across five countries, suggested that with private ownership, incentives and better management capacity, the industry could succeed.
The report raised the issue of allegations about anti-competitive practice in the sugar import industry in Ghana, adding that it might be result of the absence of a competition law and authority operating in the country.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
7 minutes -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
29 minutes -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
56 minutes -
Volleyball emerges as Ghana’s fastest rising sport
1 hour -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
1 hour -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
1 hour -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
2 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
2 hours -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
3 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
4 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
4 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
4 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
4 hours -
Why volunteering might be Africa’s most underrated career accelerator
4 hours -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
4 hours