A former Chief Executive of the Ghana Investment Promotion Center Robert Ahomka Lindsay is urging the local business community to give their full backing to the law to regulate uncompetitive behavior by industry.
The law, according to him, is very necessary for the regulation of the country’s open market economy.
Currently, businesses which decide to use all manner of unfair tactics to outwit their competitors cannot be brought to book because there is no law to check them.
ISSER is spearheading the campaign to get this checked but Mr. Ahomka Lindsay wants more corporate support for the ISSER initiative.
He said the anti-competitive practices cover a gamut of social and economic life, adding that failure to introduce such laws will create a vacuum within our frame work.
Even though there are regulators, he said there is the need for a law to be promulgated to guide these regulators in taking their decisions.
Play the attached audio for excerpts of the interview
Joy Business/Myjoyonline.com/Ghana
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:
Latest Stories
-
Ejura Sekyeredumase MP demands autopsy on resident who died in Police custody
49 minutes -
Kusaas Diaspora Union launched to spearhead global unity, development
2 hours -
Bright Simmons: Mahama’s reduction of ministries to 23 amid calls for efficiency, cost-cutting
2 hours -
Maxwell Hanson seeks apology and compensation from Anim Addo over defamation claims
3 hours -
We listen, we don’t judge: What they don’t tell you about being an entrepreneur
4 hours -
Mahama orders Lands Commission to halt sale of State Lands
5 hours -
Chiesa on target as Liverpool ease past Accrington Stanley
5 hours -
Everton appoint Moyes as manager for second time
5 hours -
WACCE describes 2024 elections as one of the violent, deadliest in the 4th Republic
5 hours -
Volta Region movie industry stagnated, needs investors to push – stakeholders
5 hours -
Petition against Chief Justice reflects broader public concerns about Judiciary – Joyce Bawa
5 hours -
Northern Ghana won’t experience fuel shortage – NPA assures
6 hours -
Calm restored in Ejura after mob attack on Police Station
6 hours -
18-year-old herdsman remanded over murder of younger brother
6 hours -
GSTEP 2025 Challenge: Organisers seek to support gov’t efforts to tackle youth unemployment
8 hours