The institutional and policy framework for regulation and competition in Ghana

Abstract

There is a long history to regulation in Ghana, dating back to the colonial days when the regulation of mining land was perceived to be a tool used by the colonial government to protect large mining concessionaires from the intrusive activities of indigenous small scale and informal mining operations. Throughout the long period beginning from the 1960s to the early 1980s, when the state controlled most formal economic activities, the issue of regulation was taken for granted as the state developed only minimal structures for the purpose of regulating the interaction among different economic agents, without interfering too much with old regulations. still poor environment. The continued dominant role of a 'state monopoly' in the telecommunications sector is often used as an example of how 'halfhearted' regulation can impede competition. Just as the mass poverty of the people makes price regulation a difficult option, so does the weakened legal system after many years of poor governance.

Entrepreneurial orientation, sustainability practices and performance of small and medium enterprises: evidence from an emerging economy

“…The study focuses on Ghana for various reasons. SMEs in Ghana have dominated the business landscape, and according to Aryeetey (2001), the sector accounts for over 85% of job creation in the manufacturing sector. Moreover, SME's provide about 70% contribution to the Gross Domestic Product (GDP) and constitute about 92% of businesses in Ghana.…”

Social network relationship, supply chain resilience and customer-oriented performance of small and medium enterprises in a developing economy

“…The creation of jobs for thousands of people by the SMEs is crucial for poverty reduction and economic emancipation in Sub-Saharan Africa. In Ghana, for example, SMEs provide an avenue for employment opportunities to both skilled and unskilled labour, training for entrepreneurs, generation of income and source of livelihood for the majority of low-income households (Aryeetey, 2001). The SME sector in Ghana contributes about 70% to the overall Gross Domestic Product and forms about 90% of business organizations (Aryeetey, 2001; Abor and Biekpe, 2007; Mensah, 2004).…”

“…In Ghana, for example, SMEs provide an avenue for employment opportunities to both skilled and unskilled labour, training for entrepreneurs, generation of income and source of livelihood for the majority of low-income households (Aryeetey, 2001). The SME sector in Ghana contributes about 70% to the overall Gross Domestic Product and forms about 90% of business organizations (Aryeetey, 2001; Abor and Biekpe, 2007; Mensah, 2004). More importantly, SMEs stimulate creativity through specialized skilled services, which have led to the creation and production of innovative products to all classes of people within the society.…”

A diagnostic model for capacity building in regulatory agencies

“…How these components are significant for regulation is shown in Table 1 which links each component with its respective underlying information source. The importance of strategic planning / management to regulation is demonstrated by the existence of a political / administrative interface that has to be carefully mediated by regulators in the interest of a number of stakeholders (Aryeetey, 2002). Avoidance of "political capture" (Knight-John, 2002) is a prime consideration as regulators struggle to rationalise the translation of regulatory intention, as mandated by legislation and/or "political direction", into policies and programmes of action.…”