The Nana Akufo-Addo-led New Patriotic Party government is warning investors against engaging in corrupt practices in the course of doing business with the country.
The Government is also encouraging investors, who are seeking to do business in the country, to report all corrupt acts they may encounter in the process of getting their businesses started or executing their business activities.
The Finance minister-designate, Ken Ofori Atta, who gave the warning while addressing a cross section of business operators at the Ghana-Morocco Economic Meeting, stressed: "this is a country in which that (corruption) would not be tolerated."
Mr. Ofori-Atta reiterated that corruption is a major issue the Nana Akufo-Addo government is determined to tackle,since "it is sometimes 3-5 percent of GDP, interns of cost."
We're going to run a government that is clean, and please report anything you find. It takes two people to do it; both the person coming in and the person here to receive it," he added.
He said corruption is a major issue that the Akufo-Addo government is bent on tackling, since “it is sometimes 3-5 percent of GDP, in terms of cost”.
He went on to say that: “We’re going to run a government that is clean, and please report anything you find. It takes two people to do it; both the person coming in and the person here to receive it”.
The Finance minister designate further announced that government would introduce the Fiscal Stability and Fiscal Responsibility Acts by the end of te eyar "just to ensure we stay within the ambit of sustainability and avoid excessive deficit."
He describing the fiscal regime under the previous Mahama-led National Democratic Congress government as weak and assured that the Nana Akufo-Addo government would strengthen fiscal and financial stability through the establishment of institutional guidelines.
Mr. Ofori Atta, added that the government would be committed to increasing revenues whilst ensuring that “our expenditures are value for money driven”.
He expressed optimism that these acts when enforced after the approval of the 2017 budget which is to be presented to parliament in March, would safeguard the public purse”.
He stressed: “To be able to have macro stability and to hold the currency, we as a government are going to subject ourselves to such an Act and this Act will then enjoin us to function within certain parameters which will not derail the economy”.
The Ghana- Morocco Economic Meeting was jointly organised by the Ghana National Chamber of Commerce and the Ghana Investment Promotion Center. It sought to boost the volume of trade between the two countries, which currently stands at USD 67 million.
Leader of the Moroccan Business Delegation to Ghana, Mrs. Miriem Bensalah-Chaqroun expressed confidence in the ability of the business communities in the two countries working together to improve the partnership between the two to mutually increase the growth of the private sector.
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