Business News of Monday, 1 March 2021Source: www.ghanaweb.comStandards Authority to 'crack the whip' as new Bill gets to Parliament in weeks – Alan KyeremantenAlan Kyeremanten, Trade and Industry Minister-designateThe new standards bill which seeks to empower the Ghana Standards Authority (GSA) to impose hefty fines and destroy confiscated substandard goods would be laid before parliament in the coming weeks, Minister-designate for Trade and Industry has told the house vetting committee. Alan Kyerematen said Cabinet has given approval for the bill to be presented to legislators for consideration and passage. The minister-nominee was responding to a question posed by the Minority Leader Haruna Iddrisu about plans to enhancing the operations of the national standards authority, if confirmed by the appointment committee. The bill also updates decades-old legislation such as the Standards Authority Act 1973 (NRCD 173) which governs GSA’s operations while consolidating the regulator’s scattered pieces of statutes and regulations. Challenges such as the lack of warehouses to keep seized substandard goods and legislative power to destroy have undermined GSA’s effort to combat the influx of inferior goods on the Ghanaian market.

Source: GhanaWeb March 01, 2021 10:18 UTC