Form a monitoring body to check investment laws - GUTA Secretary

Accra, Sept. 8, GNA - Alhaji Abdullah Shaban, Deputy General Secretary of the Ghana Union of Traders Association (GUTA), has proposed the formatio=n of public and private sector monitoring body that would enforce business and investment laws in the country.

Such a body would ensure that taxes and other incomes due to the state are paid promptly, ALhaji Shaban explained in an interview with the Ghana News Agency in Accra.

It would be difficult for businessmen and investors to cheat the system if such a joint body is in place, he said.

He contended that the public sector monitoring mechanisms usually had the tendency to induce bribery and corruption. Moreover, the workload was often too much for a single state entity to handle efficiently and effectively.

On the recent adverse findings by the Public Accounts Committee of Parliament, Alhaji Shaban proposed that all those found guilty of embezzlement, corruption and other related crimes must be prosecuted and have their property confiscated to the State.

He said heavier fines where necessary should also be imposed to serve as a deterrent to others.