{"id":47479,"date":"2023-11-19T16:07:07","date_gmt":"2023-11-19T16:07:07","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/?p=47479"},"modified":"2023-11-19T15:25:27","modified_gmt":"2023-11-19T15:25:27","slug":"gccpc-poised-to-curb-undesirable-market-practices","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/gccpc-poised-to-curb-undesirable-market-practices","title":{"rendered":"GCCPC poised to curb \u2018undesirable\u2019 market practices"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>Gambia Competition and Consumer Protection Commission (GCCPC) stands ready to discourage undesirable trade and market practices in the country.<\/b><\/p>\n

The commission said it has undertaken studies on the state of competition in individual sectors of the economy in The Gambia and would henceforth impose penalties on those businesses or owners that apply anti-competitive business practices such as failing to supply information, supplying false information, and obstructing investigations.<\/p>\n

\u201cThere is a minimum fine of D100,000 and or 5 years imprisonment for individuals and minimum of D500,000 for companies,\u201d the commission stated.<\/p>\n

In partnership with Gambia Chamber of Commerce and Industry (GCCI), the GCCPC on Wednesday also conveyed a training session on the Competition Act 2007 and the Consumer Protection Act 2014 for major importers and other stakeholders in the essential commodities market at the GCCI Hall in Bijilo.<\/p>\n

The training was done to tackle the rising concerns of \u201cundesirable practices\u201d in the market. It also sought to provide comprehensive insights into the provision of both Acts and equip participants with the knowledge and tools to eradicate undesirable trade and market practices.<\/p>\n

Baboucarr Ceesay, Director of Competition at the GCCPC, said the training came at the backdrop of market investigations from which they determine issues affecting consumers and prices of commodities.<\/p>\n

He indicated that press releases have been issued to that effect but still the undesirable \u201cacts are going on\u201d, saying that is why the Commission deemed it necessary to partner with GCCI to enlighten, edify and incline business communities on the laws and Act of the Commission and the Consumer Protection Act in order to enhance voluntary compliance in trade.<\/p>\n

\u201cThe Commission would continue training business communities even though they have limited resources,\u201d he said, adding that they would extend their efforts to the regions and train more business people and communities.<\/p>\n

\u201cWe are of the opinion that if business communities are trained and fully sensitised on the Consumer laws they will be able to voluntarily comply with the laws,\u201d he said, adding: \u201cSome of the business communities are going through some of the violations and don\u2019t know where to lodge complaints, but with the training we suspect that business communities will rush to the Commission to complain.\u201d<\/p>\n

Mr Ceesay highlighted some of the mechanisms they are putting in place to address skyrocketing of prices, as \u201cthe Commission is out to make sure that price increment is not influenced by anti-competitive conducts\u201d, which the commission is also mandated to prevent.<\/p>\n

Moreover, Ceesay added, the commission has introduced a system, which is a market surveillance program that operates every 2 weeks to check prices of commodities and their availability, not specifically to control prices but to see whether those price increments are not as a result of anti-competitive conducts.<\/p>\n

That has helped them a lot, he said, adding that they have brought another program called \u201cAt Your Door Step\u201d which focuses on corner shops at various communities in The Gambia to ensure that skyrocketing of prices is not as a result of anti-competitive conducts.<\/p>\n

\u201cSo many factors can be responsible for price increment but we are saying one thing should not be responsible – that is, anti-competitive conduct,\u201d Ceesay ruled out.<\/p>\n

For More News And Analysis About Gambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. Gambia Competition and Consumer Protection Commission (GCCPC) stands ready to discourage undesirable trade and market practices in the country. The commission said it has undertaken studies on the state of competition in individual sectors of the economy in The Gambia and would henceforth impose penalties on those businesses or owners that apply […]<\/p>\n","protected":false},"author":84,"featured_media":47478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[2355,2361,260],"class_list":["post-47479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-gambia","tag-gambia"],"yoast_head":"\nGCCPC poised to curb \u2018undesirable\u2019 market practices - Gambia<\/title>\n<meta name=\"description\" content=\"Gambia Competition and Consumer Protection Commission (GCCPC) stands ready to discourage undesirable trade and market ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/gccpc-poised-to-curb-undesirable-market-practices\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GCCPC poised to curb \u2018undesirable\u2019 market practices\" \/>\n<meta property=\"og:description\" content=\"Gambia Competition and Consumer Protection Commission (GCCPC) stands ready to discourage undesirable trade and market ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/gccpc-poised-to-curb-undesirable-market-practices\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-19T16:07:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/11\/sm_1700394544.564187.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gccpc-poised-to-curb-undesirable-market-practices#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gccpc-poised-to-curb-undesirable-market-practices\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"GCCPC poised to curb \u2018undesirable\u2019 market practices\",\"datePublished\":\"2023-11-19T16:07:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gccpc-poised-to-curb-undesirable-market-practices\"},\"wordCount\":545,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gccpc-poised-to-curb-undesirable-market-practices#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2023\/11\/sm_1700394544.564187.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Gambia\",\"Gambia\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/gccpc-poised-to-curb-undesirable-market-practices#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gccpc-poised-to-curb-undesirable-market-practices\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/gccpc-poised-to-curb-undesirable-market-practices\",\"name\":\"GCCPC poised to curb \u2018undesirable\u2019 market practices - 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