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    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

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    Akufo-Addo worried over impact of fertiliser shortage on poultry industry

    Agribusiness Chamber demands resignation of Agric Minister over sector woes

    BoG Governor confident inflation has peaked; expects rate to start declining

    ActionAid Ghana Appoints John Nkaw as Country Director

    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

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    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

  • TECHNOLOGY

    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

    Strict enforcement of AfCFTA regulatory framework will ensure smooth implementation of PAPSS – Bawumia 

    President of Cote d’Ivoire Alassane Ouattara meets Eni’s CEO Claudio Descalzi

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Cabinet approves new standards bill; ready to be laid in coming weeks – Alan Kyerematen

February 28, 2021
in Local Economy, News
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Cabinet gave approval for the new standards bill to be presented to Parliament for consideration and passage, Trade and Industry Minister-designate Alan Kyerematen told the vetting committee last Friday.

The bill which replaces the Standards Authority Act 1973 (NRCD 173) will empower the Ghana Standards Authority (GSA) to destroy seized substandard goods while introducing stricter penalties including hefty fines to importers of inferior items.

Mr Kyerematen said the bill would be laid before parliament in the coming weeks.

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“The process has been fully exhausted, it’s gone through Cabinet and hopefully it will be laid before this honourable house in the next couple of weeks or month, so that review has been done,” the Minister-designate told the committee.

The new bill will prevent duplication of roles and turf wars with other state regulatory agencies, update the 47-year-old legislation which mandated the GSA to meet modern quality control trends while consolidating its dotted regulations.

Director-General of GSA, Prof. Alex Dodoo also noted that, “Once the bill is laid and the house passes it into law, the GSA can protect the Ghanaian consumer while supporting businesses to grow.”

The lack of power to destroy or infrastructure to keep impounded substandard goods have undermined the authority’s effort to tackle the dumping of low-grade products on the Ghanaian market, despite periodic market raids to seize such items.

In 2018, more than 80 percent of electrical cables, household appliances, clothing and vehicle, spare-parts sampled from across markets in Accra and Kumasi, failed the labeling requirement and the test for critical parameters, which had health and safety implications.

The African Continental Free Trade Area (AfCFTA) agreement has made it more crucial for standards to be enforced to prevent the local market from being flooded with substandard goods.

Source: Sani Abdul-Rahman
Tags: standards billtrade
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