No Result
View All Result
Friday, June 9, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Govt aims to transform fishing industry with new aquaculture centre

    Maiden Ghana Automotive Summit set for June 27

    Govt issues one-month ultimatum for merchant subscribers to register SIMs

    Govt committed to prioritizing gender mainstreaming in energy policies – Herbert Krapa

    #CitiBusinessFestival: Go digital to increase customer reach – Businesses told

    GRA apprehends shop owners at Achimota for tax infractions

    Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula

    Unlock the full potential of mining, energy sectors for domestic industrialization – Abu Jinapor

    Update your records or have your names expunged – ORC tells businesses

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula

    Update your records or have your names expunged – ORC tells businesses

    Ghana is the best destination for investment in West Africa – Bawumia

    African leaders urged to push for electronic cars over combustible automobiles 

    Modify old trade conventions to favor local printing firms – AGI tells govt

    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

    Re-consider computation of VAT for local industries- AGI tells govt

    IMF proposes acquisition, mergers of banks to mitigate financial sector instability

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

  • TECHNOLOGY

    #CitiBusinessFestival: Go digital to increase customer reach – Businesses told

    #CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil

    Citi Business Festival: Forum on Digital Economy comes off today

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    WTO Chief urges African governments to increase trade, agric investment

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Govt aims to transform fishing industry with new aquaculture centre

    Maiden Ghana Automotive Summit set for June 27

    Govt issues one-month ultimatum for merchant subscribers to register SIMs

    Govt committed to prioritizing gender mainstreaming in energy policies – Herbert Krapa

    #CitiBusinessFestival: Go digital to increase customer reach – Businesses told

    GRA apprehends shop owners at Achimota for tax infractions

    Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula

    Unlock the full potential of mining, energy sectors for domestic industrialization – Abu Jinapor

    Update your records or have your names expunged – ORC tells businesses

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula

    Update your records or have your names expunged – ORC tells businesses

    Ghana is the best destination for investment in West Africa – Bawumia

    African leaders urged to push for electronic cars over combustible automobiles 

    Modify old trade conventions to favor local printing firms – AGI tells govt

    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

    Re-consider computation of VAT for local industries- AGI tells govt

    IMF proposes acquisition, mergers of banks to mitigate financial sector instability

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

  • TECHNOLOGY

    #CitiBusinessFestival: Go digital to increase customer reach – Businesses told

    #CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil

    Citi Business Festival: Forum on Digital Economy comes off today

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    WTO Chief urges African governments to increase trade, agric investment

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

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

byMinna Dablu
July 22, 2020
in Business, Local Economy, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

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.

ADVERTISEMENT

“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.

Related Posts

Top Stories

Govt aims to transform fishing industry with new aquaculture centre

bycitibusinessnews

President Nana Addo Dankwa Akufo-Addo says his government is keen on transforming Ghana’s fishing industry. Recognizing the crucial role of...

Read more

Govt issues one-month ultimatum for merchant subscribers to register SIMs

Govt committed to prioritizing gender mainstreaming in energy policies – Herbert Krapa

#CitiBusinessFestival: Go digital to increase customer reach – Businesses told

GRA apprehends shop owners at Achimota for tax infractions

Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula

Unlock the full potential of mining, energy sectors for domestic industrialization – Abu Jinapor

Next Post
Elikplim Kwablah Apetorgbor

Make provision for our $1.4bn debt in mid-year budget - IPPs to Gov't

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.