Trade and Industry Minister Hannah Tetteh has served notice the government will not tolerate bad business and investment practices in the country.

Even though the country welcomes multiple foreign investments, the sector Minister implored investors to work within the regulatory framework of the country.

“The most important thing is that when you enter into an agreement in Ghana, and you intend to do business in Ghana, understand our regulatory framework and do not for one moment assume that because it is an African country, the regulatory framework can be set aside and business can go on in a different manner. It is not going to happen,” she warned.

She was speaking on behalf of President John Mills at the opening of the Invest in Ghana 2010 Seminar which was under the theme: “Enhancing partnership between domestic and foreign investors for sustained economic development.”

Hannah Tetteh assured that the government will respect the sanctity of contracts entered into with investors whilst enforcing the laws of the country.

She also stated that the country is putting in place the requisite legal regime and reviewing the Investment Act to create a business friendly environment for all investors.

Ms Tetteh conceded that the country’s private sector is quite fragile and hoped there will be partnership between local and foreign investors for the transfer of knowledge and skill aimed at strengthening the private sector.

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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.