Corruption-induced inhibitions to business: What business leaders have to say in Ghana
Corruption-induced inhibitions to business: What business leaders have to say in Ghana
he paper examines how corruption-induced inhibitions influence
business-related corruption from the perspectives of business lea-
ders in Ghana. Data were collected through focus group discussion
with Chief Executive Officers (CEOs) of multi-national and local
companies operating in Ghana. The findings show that business
leaders encounter multiple regulatory agencies with duplicated
and overlapping functions, multiple charges for virtually the same
and duplicated services, multiple law enforcement agencies also
performing regulatory functions at the Ports of entry, inadequate
information on processes and costs of services, and inadequate
channels for reporting corrupt activities in Ghana. The paper argues
that these challenges trigger corruption-induced inhibitors which
in turn, negatively affect the growth of the private-sector in Ghana.