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
Bussiness
Charterhouse announces the Business Elevate Series with launch of ‘The Gastro Feastival’

Charterhouse, Ghana’s leading event management and audiovisual production company, is marking its 25th anniversary of delivering top-tier events with the introduction of an exciting new initiative: The Business Elevate Series.
This innovative series is designed to shine a spotlight on key economic sectors through a series of dynamic B2B and B2C events, including industry conferences, seminars, and exhibitions.
Kicking off the series is The Gastro Feastival, a groundbreaking annual food industry festival that will showcase Ghana’s rich and diverse food ecosystem and agribusinesses from production to consumption.
The launch event will take place on Friday, March 7, 2025, from 4:00 PM to 6:00 PM at the Grand Arena (Accra International Conference Centre).
This landmark event will bring together food industry stakeholders, enthusiasts, experts, and organizations to highlight the food industry’s critical role in Ghana’s socio-economic development and culture.
It will also promote food security, digital innovation, women’s empowerment, youth employment in agribusiness, and sustainable practices.
The Business Elevate Series is a game-changing initiative designed to foster growth and transformation across multiple sectors. With Charterhouse’s deep expertise in organizing impactful meetings, the series aims to unlock investment opportunities, drive innovation, and catalyze social and economic change.
The Gastro Feastival will address six major pillars that drive industry transformation: Investment Opportunities; Job Creation; Innovation, Technology, and Digitization; Youth Involvement (entrepreneurship and career opportunities); Women’s Involvement; Environmental and Social Governance (ESG); Export Opportunities
The event will also establish a Resource Bank, spotlighting key growth opportunities and ensuring the effective allocation of resources to transform Ghana’s food industry.
The Gastro Feastival is a Charterhouse initiative, with Kosmos Innovation Centre as the technical partner.
Bussiness
Ghana’s GDP shows economy is fast recovering despite DDEP – Finance Ministry

Ghana’s Gross Domestic Product (GDP) indicates a rapid economic recovery despite global challenges and ongoing debt restructuring, according to the Ministry of Finance (MoF).
The Ministry in a statement today indicated that latest data from the Ghana Statistical Service (GSS), cumulative economic growth for the second quarter (Q2) of 2024 reached 6.9%, a notable increase from the 4.7% recorded in the first quarter of 2024.
The MoF statement further noted that, “The economy’s robust recovery is in response to the macroeconomic stability and growth interventions that government is pursuing under our IMF-supported Post Covid-19 Programme for Economic Growth (PC-PEG).”
According to them, the overall real GDP growth for the first half of 2024 rebounded strongly, with year-on-year GDP growth averaging 5.8% for the period, significantly higher than the 2.9% recorded in the same period in 2023.
By Edem Mensah-Tsotorme
Read full statement below