Business News of Friday, 7 February 2020Source: classfmonline.comSurvey: Ghana loses GH¢12 billion to corruption through business registrationPrivate Enterprise FederationGhana lost about GHS12 billion to corruption at the Registrar-Generals Department and other relevant regulatory agencies in the country in 2018. According to a survey conducted by the Private Enterprise Federation (PEF), majority of Ghanaians pay bribes to avoid delays while registering their business. The project, funded by Starr-Ghana, is expected to fight administrative corruption which turns to increase the cost of doing business in the country. Businesses lose income and we saw the figures; they are huge”. She outlined further: “The state benefits when businesses make profits and the state loses when businesses lose.

Source: GhanaWeb February 07, 2020 12:00 UTC