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Anti-Corruption Policy for Private Sector PDF Print E-mail
Friday, 28 March 2008

Government is set to develop an anti-corruption policy for the private sector, Attorney General and Minister for Justice, Joe Ghartey has announced.

This policy, he said, would not only look at the laws, but also regulatory institutions such as the Registrar General’s Department, and promote cooperation between law enforcement agencies and relevant private entities.

Mr. Ghartey made this known at a corporate dialogue on Business Law Reforms in Ghana, which was on the theme: “Meeting the Challenges of the Golden Age of Business.”

He said the United Nations Convention against Corruption, of which Ghana is a party to, demanded that “we enact laws that robustly confront private sector corruption”.

The Business Law Reform Programme, which is being spearheaded by the Ministry of Justice, started in 2002, and would review the Ghana Business Code which was drafted many years ago to suit the economy at that time.

He stated that the major changes would centre on areas such as laws on insolvency, intellectual property and non-governmental organizations.

The Registrar General’s Department, as a partner organization, is responsible for the development and implementation of a reform strategy that would make for cost efficiency and timely business registration services.

Mr. Ghartey presented the latest edition of the Companies’ Bill, which is a review of the Companies’ Code commenced in 2002.

He noted that the recommended process to bring the matter of the review of the Companies’ Bill to closure is the Business Law Reform Commission which has already been established under the Chairmanship of Justice Date-Baah, a Supreme Court Judge.

The commission, which would be inaugurated at the end of March, would present at the inauguration a concept paper which would set out some policy directives and suggestions.

He emphasized that the Business Law Reform Commission would shorten processes in Parliament since most of the consultations with stakeholders would be done at this stage.

By Esther Awuah



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