Market Cartels Undermining West Africa’s Economy – ECOWAS

By Eneole Otorkpa, Abuja  
The Economic Community of West African States Regional Competition Authority (ECOWAS-ERCA) has warned that price-fixing, market allocation and anti-competitive practices were undermining economic integration and driving up the cost of goods across West Africa.
The authority said such practices deny consumers fair prices, limit opportunities for small businesses and weaken the region’s competitiveness.
Speaking yesterday at the National Information and Awareness Seminar on “Competition Law and Policy in West Africa” in Abuja, the executive director of ECOWAS Regional Competition Authority, Dr Simeon Koffi, said competition remains a critical pillar for econ...