Bussiness
Pass Consumer Protection Law – CUTS International to government
The West African Regional Director of CUTS International, Accra, Appiah Kusi Adomako, has called on Parliament to expedite the passage of the Consumer Protection Law to empower, protect and enhance the welfare and interest of the consumer, promote a fair, transparent and efficient marketplace, as well as improve consumer awareness, education and information.
Speaking at a media encounter to mark the World Consumer Rights Day in Accra, Mr Adomako said it is disheartening the slow pace at which the government is handling the process.
“The seemingly lack of interest in the law by the government can be seen to have stalled the process of enacting consumer protection law. The concern of many Ghanaians is that if urgency is not attached, the bill would not be passed within the life of this current Parliament and might even get pass even in the next Parliament.”
“Over the past sixteen years, there have been attempts by various governments to get to the Consumer Protection Law passed. Four presidents have come and three gone, yet the progress has painstakingly been slow with no demonstrable appetite by our elected officials to get the bill passed. It is evidently clear that the absence of Consumer Protection Law in the country has contributed to the widespread and deliberate abuse of consumer rights in the country. Consumer rights are like fundamental human rights which the state has a binding duty to promote, protect and safeguard through the enactment of laws and its enforcement” he added.
Mr Adomako further revealed that countries with consumer protection and competition laws were able to fine firms that abused consumers and charged excessive prices during the height of pandemic, adding, the current regime in Ghana makes it very difficult and costly for a consumer to cancel contract without having to incur huge penalty even when non-performance has been occasioned by the supplier.
“With the passage of Companies Act, 2019, (Act 992) and Corporate Restructuring and Insolvency Act, 2020, (Act 1015), the next bill for consideration should be the Consumer Protection Bill as the two deal with the protection of supply and demand sides of the market participants. Experience tells us that in Ghana to get a bill passed, there must be a strong movement behind it or political interest behind.” Mr Adomako said.
On the rising cost of goods and services in the country occasioned by the surging prices of crude oil in the international market and the poor performance of the cedi, he stressed that, government should deploy surveillance on the market to ensure businesses do not exploit it to the disadvantage of consumers.
“It is for these reasons why Consumer Protection and Competition Laws are needed to regulate the conduct of the market and to protect consumer welfare. When Adams Smith postulated the invincible hand of the government, he never meant government should close its eyes when firms are exploiting consumers. Whilst price regulations are not necessarily a desirable feature of free market, there comes a time when it becomes a necessity”, he added.
On his path, the Communication and Advocacy Lead, Shadrack Nii Yarboi Yartey revealed that in 2018, CUTS and Consumer Protection Agency (CPA) mobilized over 20,000 signatures urging the Executive to tidy up every work that needs to be done on the draft bill and have it forwarded to Parliament. “Unfortunately, the marching feat of over 20,000 Ghanaians who backed the need for the government to prioritize the bill was not enough to be convince the government to do the needful” Mr. Yartey further said.
Mr Yartey also said “with the Africa Continental Free Trade Agreement (AfCFTA) operationalized and trading started, there is the need to have enhanced standards to protect Ghanaian consumers from substandard goods. The only way that the Ghanaian consumers can be empowered is through the passage and implementation of National Consumer Protection Law”.
Established in 1983, CUTS International has regional offices in Accra, Nairobi, Lusaka, Geneva, Washington, DC, Jaipur, Delhi and Hanoi.
Source: Joy Business
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
The Minister for Finance Hon. Cassiel Ato Forson has disclosed that a sum of nine hundred and Eighty-Seven Million, Nine Hundred and Sixty-Five thousand and Seventy-Three Ghana Cedis (GHS987,965,073.00) from the Consolidated Fund into the District Assembly Common Fund Account, being the first quarter amount due to the DACF.
Furthermore, the Finance Minister informed the House that a total amount of Two Billion, Thirty- Three Million, Four Hundred and Sixty-Nine Thousand, Six Hundred and Seven Ghana Cedis (GHS2,033,469,607) has been disbursed to the National Health Insurance Fund.
While the Ghana Education Trust Fund has also received a total of Two Billion, Seven and Ten Million, Two Hundred and Twenty-Seven Ghana Cedis (GHS2,710,227,947.00) for the months January, February, March and April,2025.
The Finance Minister disclosed this in his statement to Parliament on the payments to statutory funds on the floor of the House.
In addition, he cautioned that the Administrator of the District Assembly Common Fund is required to ensure that 80% of this amount is transferred directly to the Assemblies without fail and expenditure returns submitted to the Ministry of Finance before subsequent releases will be made.
He added that Members are encouraged to monitor the utilization of these amounts sent to their respective Assemblies in line with the approved guidelines by Cabinet.
In his closing remark, Ato Forson said he’s going to take the concerns of the House seriously.
For his part, the Majority Leader, Mahama Ayariga made known the President’s prioritization of women in the country stating that President Mahama is “Pro-women”.
This is due to the fact that women are going to be the core beneficiaries from the expenditures going to be made by the MMDA’s, he added.
The Minority Leader Alexander Afenyo-Markin questioned the Finance Minister why road contractors have not been paid for more than five months. He said the Minister must not be applauded for since the allocation of these funds were long overdue.
