If investors have no confidence in our judiciary, who will come; nobody will come. At the end of the day, the country will suffer and we will continue to be marking time.
Minority leader in parliament, Osei Kyei Mensah-Bonsu has said failure of the judicial council to effectively manage the bribery scandal involving the judiciary will affect investor confidence in the country.
About 180 officials of the Judicial Service have been caught on camera allegedly taking bribes and extorting money from litigants.
The development, Mr. Mensah Bonsu believes if not managed well, will have dire consequences on the economy.
"If the conclusion should be that the judiciary is in such a terrible shape that it cannot be trusted, it will not only affect our national development in so far as trying to raise the standard of living of Ghanaians but it will go to the very bottom of the effort of the presidency itself, going out there to try to woo investors. If investors have no confidence in our judiciary, who will come; nobody will come. At the end of the day, the country will suffer and we will continue to be marking time", he said on Accra-based Citi FM.
He further indicated that failure of the judicial council to effectively address the bribery scandal will also have an effect on the country's security and democratic system.
However, economic analyst, John Gatsi believes dealing upfront with corruption in the Judiciary as the Chief Justice has vowed to do will rather enhance investor confidence.
Meanwhile, fourteen judges implicated in the Anas' corruption expose' have filed a motion for an interlocutory injunction to stop further proceedings by the investigative committee set up by the Chief Justice.
A five member committee is currently probing the bribery allegation against the over 30.
So far, 22 magistrates and judges who were implicated have already been suspended by the Judicial Council.