• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Law Professor Advocates Blacklisting of Private Firms Engaged in Corruption From Public Procurement Opportunities 

2 months ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Law Professor Advocates Blacklisting of Private Firms Engaged in Corruption From Public Procurement Opportunities

Associate Professor at the University of Ghana School of Law, Prof Abdallah Ali-Nakyea, has issued a clarion call for urgent ethical reforms within Ghana’s private sector, warning that corporate actors remain significant enablers of public sector corruption and must not be allowed to operate with impunity.

Delivering remarks at a high-level anti-corruption forum organised by the Media Foundation for West Africa (MFWA) on Thursday, June 26, at the Alisa Hotel in Accra, Prof Ali-Nakyea underscored the critical role of private businesses in perpetuating illicit transactions, stressing that integrity within the private sector is as important as accountability in the public service.

“The private sector should adopt ethical practices and principles,” he asserted. “Many companies benefit directly from state contracts yet operate without regard for transparency or integrity.”

Prof Ali-Nakyea advocated for a zero-tolerance regime that would see firms engaged in unethical practices blacklisted from public procurement opportunities. According to him, the state’s dominant role in Ghana’s economy gives it the leverage to enforce ethical compliance.

“Government is the biggest buyer, biggest supplier, and biggest employer. All the private sector jobs are coming from the government. Why can’t we blacklist unethical businesses so that we can promote the good ones?” he queried.

He emphasised that regulatory laxity, limited financial oversight, and Ghana’s dependency on external support had collectively undermined the country’s ability to combat corruption and stem illicit financial flows (IFFs).

RelatedPosts

Top 10 African Countries With the Strongest Currencies in August 2025

How Crypto Engagement is Finding a Place in Everyday African Life

Cyber Security Authority Warns of Rising Google Maps Brand Impersonation Scams

“The banking system needs checks and monitoring,” he said. “And then the international organisations – I keep saying at such fora, we do not need loans, we do not need handouts. Help us strengthen. You see how we could’ve saved 5 billion from corruption, 2 billion from illicit flows from mining. Do we need to borrow?”

Touching on legal reforms, the tax and financial law expert called for amendments to Ghana’s anti-corruption legislation to provide for full recovery of misappropriated public funds, along with naming and shaming of culprits.

“Let’s amend anti-corruption laws to close the loopholes identified. We should have provisions for the recovery of funds. I believe in name, recover and punish,” he stated. “If you name, recover and punish, the result is shame. But if you name, punish and don’t recover, then nothing has been done.”

He further called for the introduction of stricter sanctions and reinforced whistleblower protections to empower citizens to report misconduct without fear of retaliation.

“We need stricter penalties for offenders. We need stronger whistleblower protection, and these are some recommendations,” he noted.

The MFWA forum, themed “Hidden Riches, Hollow Laws: Dissecting the Loopholes That Fuel Corruption and Illicit Financial Flows”, convened stakeholders from civil society, academia, the legal fraternity, and the media to deliberate on institutional weaknesses and recommend sustainable reforms to Ghana’s anti-corruption architecture.

Tags: corruptionLaw Professor Advocates Blacklisting of Private Firms Engaged in Corruption From Public Procurement OpportunitiesPrivate firmsProf Ali-Nakyea

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices

Alcaraz Dominates to Reach Fourth Round at US Open; Rybakina Advances as Raducanu Falls

CHAN 2024: Senegal Edges Sudan on Penalties to Claim Third Place

Lands Minister Initiates Repeal of L.I. 2462 to Protect Reserves and Combat Galamsey

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

Trending

Business

Top 10 African Countries With the Strongest Currencies in August 2025

August 30, 2025

Top 10 African Countries With the Strongest Currencies in August 2025 In an interconnected world where economies...

How Crypto Engagement is Finding a Place in Everyday African Life

August 30, 2025

Cyber Security Authority Warns of Rising Google Maps Brand Impersonation Scams

August 30, 2025

Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices

August 30, 2025

Alcaraz Dominates to Reach Fourth Round at US Open; Rybakina Advances as Raducanu Falls

August 30, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.