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.
