Local companies, beware. Major investigations by the Fair Trading Commission (FTC) have pointed to an “abuse of dominance” by busineses operating in five key sectors, but the FTC will have none of it.
Chief executive officer Peggy Griffith said yesterday that the FTC had zero tolerance for such unfair practices, and would make a renewed effort to stomp out such infringement of the Fair Competition Act.
Opting not to name the offending companies, Griffith said: “We have had cases of discriminatory pricing, exclusive dealings and refusals to supply.”
Her comments came during the opening of a two-day Competition Law And Policy workshop by the FTC at the Accra Beach Hotel & Spa yesterday.
“We have completed major investigations in the construction, telecommunications, automotive, food distribution and oil manufacturing industries. Cases of anti-competitive agreements have been less frequent, but no less harmful to competition.”
Read the full story in today’s DAILY NATION.
