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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

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    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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    Gov’t to commence talks with IMF for bailout

    Financing agric sector alone not enough to grow it – GIRSAL CEO

    We’re not charging E-levy on merchant accounts – GRA

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    AfCFTA Secretariat calls for accelerated dev’t for key infrastructure in Africa to boost trade

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

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    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

    Prices of petrol, LPG to fall by 4% in first pricing window of July – IES

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    ASTM International pledges support for Ghana’s petroleum industry

    NIB MD laments cost of borrowing for private sector

    Finance professionals urged to develop strategies to boost ESG-driven business environment

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

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

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Over 90% percent of foreign retailers have no permit to trade – GUTA

byMinna Dablu
July 22, 2020
in Business, Local Economy, Top Stories
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The Ghana Union of Traders Association, GUTA, says it will keep pushing to ensure that foreigners without the requisite documents to trade, are forced out of Ghana’s retail space.

According to GUTA, majority of the over 600 shops they had locked up, have been forcibly reopened by the foreign retailers particularly Nigerians, against the orders of the Presidential Committee on Foreign Retail Trade, which inspected documents of the owners.

President of GUTA, Joseph Obeng, told Citi Business News the Union will not allow an illegality to persist to the detriment of its members.

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“As a matter of fact, these foreigners massed up in their numbers to resist the operations of the takes force that has been set up by government, when they were ordered to close their shops again. It’s the taskforce itself that made them open the shops in order to have access to their documents for verification.”

“They (the taskforce) found out that over 90% were not eligible to do any form of trading at all because they do not even have the basic documents let alone even having the GIPC certificate. With the much touted ECOWAS protocols that we’ve been talking about, they are even not in compliance with the ECOWAS protocol itself,” he noted.

The Ghana Union of Traders Association is thus demanding the immediate closure of all illegal foreign-owned retail shops that have been reopened for business in Accra.

Basing its argument on section 27 of the Ghana Investment Promotion Centre (GIPC) Act 865, which bars foreigners from engaging in retail business in Ghana, as a space solely reserved for citizens, GUTA locked up over 600 foreign-owned shops in Accra in December last year.

This led to the formation of the Committee on Foreign Retail Trade after the President’s intervention. Few weeks ago, the Committee together with officials of the Ghana Immigration Service, the Ghana Revenue Authority and some GUTA leaders, reopened some of the shops in a three-day exercise, after the owners provided documents to back their trade.

But GUTA says some of the Nigerian retailers who had no legitimate documents, have also gone ahead to reopen their shops for business while the authorities look on unconcerned.

“We hereby want authorities and the Ghanaian public to note that,  these recalcitrant foreigners have taken the law of our country into their own hands with impunity whiles the authorities look on unconcerned”.

“GUTA has been quiet and cooperative all this time just to allow the Committee on Foreign Retail Trade to execute it’s mandate as directed by His Excellency the President of the Republic himself. GUTA welcomes all genuine foreigners who abide by the laws of our country. We also welcome our neighbours from the sb-region  (ECOWAS), who deal in goods manufactured in their respective countries. However, we wish to be categorical that we will not countenance anything in the contrary, and as a result, we demand the immediate closure of those shops to avoid any unfortunate situation, as tension is mounting on the matter” it warned.

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[From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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