Why It’s Crucial for ERCA to Share Details of Active Investigations?

Promoting transparency and accountability in the application of competition law and policy in the Economic Community of West African States (ECOWAS) region requires that the ECOWAS Regional Competition Authority (ERCA) publish information about the investigations it is currently conducting.

Publishing information about ongoing investigations helps to ensure that businesses and other stakeholders are aware of the legal and regulatory framework within which they operate and how it is being applied in specific cases. This can promote a more competitive business climate in the region by leveling the playing field.

Publication of information about ongoing investigations also promotes ERCA’s own transparency and accountability. By making this information available to the public, ERCA demonstrates its commitment to applying competition law and policy in a fair and consistent manner, and contributes to the openness and transparency of its processes and procedures. This can help build trust and confidence in the Authority among businesses and other stakeholders, and ensure that ERCA’s decisions are viewed as credible and valid.

In addition to promoting transparency and accountability, the publication of information about ongoing investigations can educate businesses and other stakeholders about competition law and policy in the ECOWAS region. By describing the specific issues and challenges being addressed in these investigations, ERCA can raise awareness of the significance of competition law and policy and the ways in which it benefits regional businesses and consumers.

Publication of information about ongoing investigations at ERCA is a significant step toward promoting transparency, accountability, and comprehension of competition law and policy in the ECOWAS region. It aids in the creation of a more favorable business climate and contributes to the economic growth and prosperity of the region.