The American chamber of commerce has warned Ghana’s inability to fairly deal with the judicial corruption scandal will negatively affect investor confidence in the country.
[contextly_sidebar id=”5drqV1JsLnPUq2KFd07yEdnKI9v2sYZh”]Already some investors have asserted that the scandal will see some investors shying away from the country’s courts in cases related to litigation.
Their fears follow the implication of a number of judges in an investigative piece on corruption conducted by investigative journalist Anas Aremeyaw Anas.
Speaking to Citi Business News Executive Secretary of the American Chamber of Commerce Ghana Simon Madjie said confidence in the Ghanaian economy can be restored depending on how authorities handle the alleged corruption scandal in the judiciary.
“First and foremost these are allegations until proven guilty they remain allegations. I can tell you for a fact that every international investor is worried, because the judicial system is one of the things they consider when they have to invest in a country and so its worrying to hear such stories.”
But it is not that people do not expect systems to go wrong or people do not expect that persons within a system want do wrong sometimes, but what is expected is how these things when they come up are handled transparently and dealt with and that is what will give confidence to international investors, Simon Madjie said.
By: Norvan Acquah – Hayford/citifmonline.com/Ghana