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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    We want Ghanaians to own 30% of MTN Ghana shares by end of 2022 – GROUP CEO

    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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Foreign retailers must leave Ghana- GUTA

bycitibusinessnews
June 10, 2014
in Business, Top Stories
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The Ghana Union of Traders Association (GUTA) is warning all foreigners involved in retail trade to leave the Ghanaian market by end of this month.

Speaking to Citi News, the President of the Association, Mr. Ofori said the continuous depreciation of the cedi is as a result of the large foreign influx in retail trade in the country.

Mr. Ofori said the infiltration of foreigners into the economy contradicts the Ghana Investment Promotion Centre (GIPC)Act.

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According to him, attempts  to get foreigners out of the retail trade with legislation have proven futile.

The Union in a press statement signed by the Deputy National Organiser, Clement Boateng threatened to flush out all foreigners in the markets; if they do not leave the country within the stipulated date- June, 30, 2014

It also announced plans to stage massive demonstration against government over the 2 percent special levy on import as well as the 2.5 percent increase in VAT.

 

By: Marian Efe Ansah/citifmonline.com/Ghana

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