By Kofi Ahovi
The Institute of Statistical, Social and Economic Research (ISSER) is calling for the enactment of a competition law to safeguard and promote competition in the country.
The law is to create a comprehensive competition regime to be administered by an independent competition commission or authority.
The law would prohibit the most serious anti-competitive restrictive agreements, provide investigation and control, where necessary, of other types of restrictive agreements and of monopoly and merger situations as well as promote the role, and understanding of competition in enhancing efficiency and adaptability in the economy.
The call for the law is being necessitated by issues relating to competition among corporate organizations which are not well understood by many Ghanaians.
A research conducted by ISSER with support from Consumer Utility and Trust Society (CUTS), a non-governmental organization that pursue social justice and economic equity, showed that 58% of Ghanaians had no knowledge of rules or laws that checked anti-competitive behaviours.
The water and power sectors, cement industry and land telephone lines are said to be the sectors that have created monopoly in the country and therefore does not give Ghanaian the best of services and prices.
According to ISSER such sectors should be liberalized and open to competition in order to provide consumers with better services and relatively affordable prices.
ISSER in collaboration with authorities of the university Ghana Legon, intends to set up a Centre for Trade Policy and Competition Analysis to offer Masters Programme to help Ghanaians understand competition issues.
It is imperative to note that although Ghana does not have a composite competition act; it has rules dispersed in its company’s code, investment legislation and other statutes.
The Institute of Statistical, Social and Economic Research (ISSER) is calling for the enactment of a competition law to safeguard and promote competition in the country.
The law is to create a comprehensive competition regime to be administered by an independent competition commission or authority.
The law would prohibit the most serious anti-competitive restrictive agreements, provide investigation and control, where necessary, of other types of restrictive agreements and of monopoly and merger situations as well as promote the role, and understanding of competition in enhancing efficiency and adaptability in the economy.
The call for the law is being necessitated by issues relating to competition among corporate organizations which are not well understood by many Ghanaians.
A research conducted by ISSER with support from Consumer Utility and Trust Society (CUTS), a non-governmental organization that pursue social justice and economic equity, showed that 58% of Ghanaians had no knowledge of rules or laws that checked anti-competitive behaviours.
The water and power sectors, cement industry and land telephone lines are said to be the sectors that have created monopoly in the country and therefore does not give Ghanaian the best of services and prices.
According to ISSER such sectors should be liberalized and open to competition in order to provide consumers with better services and relatively affordable prices.
ISSER in collaboration with authorities of the university Ghana Legon, intends to set up a Centre for Trade Policy and Competition Analysis to offer Masters Programme to help Ghanaians understand competition issues.
It is imperative to note that although Ghana does not have a composite competition act; it has rules dispersed in its company’s code, investment legislation and other statutes.
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