Corruption in Ghana Corruption robbing Ghana of FDI- Canadian High Commissioner

“I think to deal with corruption you need stronger institutions; law enforcement, the regulatory framework, the ability to enforce laws and regulations so that people will know that there are consequences in whatever they do,” he said.

  • Published:
Canadian High Commissioner to Ghana, Christopher Thornley play

Canadian High Commissioner to Ghana, Christopher Thornley

 

24/7 Live - Subscribe to the Pulse Newsletter!

Canadian High Commissioner to Ghana, Christopher Thornley has revealed that the high levels of corruption in Ghana is depriving the country of much- needed Foreign Direct Investments.

“I think to deal with corruption you need stronger institutions; law enforcement, the regulatory framework, the ability to enforce laws and regulations so that people will know that there are consequences in whatever they do,” he said.

“The positive thing is that there has been good progress, and action has been taken. But there are still issues around the regulatory environment: setting up a business, dealing with various authorities where people are asked to make unapproved payments etc.”

READ MORE: Psychologists hold the key to the battle against corruption

Mr. Thornley  also  emphasized the Canadian government’s commitment to support the country’s economy by focusing on the provision of more technical assistance, which he believes will prove essential in driving growth in the industrial sector; adding that steps must also be taken by government to help add value to the raw materials.

“Canada has an US$80million bilateral programme with Ghana; our total aid is over US$100million annually in Ghana, and we work closely to develop the private sector. We are committed to moving our development programme further by providing more technical assistance and fewer grants so that Ghana can help itself more.

“For example, we are looking at a programme now that will boost cocoa production; and we are also looking at financing for small enterprises to help them to grow by providing them with favourable interest rates”, he told the BnFT.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
2 Collapsed Banks Assets of UT Bank and Capital Bank for salebullet
3 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
4 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
5 Salary Structure In Ghana Fair Wages want to stop yearly pay...bullet
6 Street Lights In Ghana ECG is not responsible for your street...bullet
7 Menzgold Ghana Don't deposit money with Menzgold – BoG...bullet
8 Petroleum Prices Gov't to reduce fuel prices by 4% after...bullet
9 Retirement How to calculate your SSNIT pensionbullet
10 Movie Time Kumasi City Mall raises the bar; opens...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Money Alert Meet Africa's richest womanbullet
4 Entrepreneurship How To Get Ready To Get Started | StartUpSchoolbullet
5 Support Finance minister buys Kantanka carbullet
6 Entrepreneurship How to be resourceful as an entrepreneurbullet
7 Video We are determined to move Ghana beyond aid - Bawumiabullet
8 Bozoma Saint John 10 quotes from Uber top official,...bullet
9 Tech 6 reasons you should buy an iPhone SE instead of...bullet
10 Plane Crash Starbow suspends operations following...bullet

Business