Private Legal Practitioner and Lecturer at UPSA Law School, Kweku Attakora Dwomoh has stated that there is no law that regulates the pricing of goods in the country.
According to him, pricing has been left to the dictates of demand and supply.
“Currently, under the Sales of Goods Act, there is no law that regulates prices,” he said.
Speaking in an interview on JoyNews’ The Law on Sunday, he said the absence of regulation makes sellers price their goods exorbitantly.
He added that in other jurisdictions such as the United Kingdom (UK) there are consumer protection laws that protect the consumer so sellers are prevented from exploiting them.
However, the same cannot be said of Ghana. He said no laws protect consumers in the country.
“If I walk into a shop and then you tell me that the good is one million, all I can do is walk away, but there is nothing to protect me to say that no, by selling this for one million I am being taken advantage of in the market,” he said.
For this reason, he called on the government to put in place a consumer protection Act to protect consumers from the arbitrariness of traders.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Liked this Article? You can share with others via various social media platforms. Got some information to share with us?
Send us your articles or advertisements enquiries via [email protected]