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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”

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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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Retail shops operated by foreigners at Tiptoe lane closed down

byMichael Ogbodu
August 14, 2020
in Local Economy, Top Stories
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The Committee on Foreigners in Retail Trade on Thursday, August 13, 2020 locked up shops of foreign nationals at Tiptoe Lane near the Kwame Nkrumah Interchange in Accra.

According to the taskforce, the exercise was in line with recommendations from the committee probing the impasse between Ghanaian traders and the foreign counterparts over foreign participation in retail trade.

Prince Boakye, the Public Relations Officer of the Trade Minister, explained that: “Our presence here was not to check whether anybody has met the criteria, our presence here was to lock up shops that we have identified not to have complied. This is not the first time we have been here and that is why you’d realize that we have been at Abossey Okai from Monday. While we were there we did not lock up any shop because that’s the first time we’ve been there”, he said.

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The exercise however experienced some resistance from the foreign traders with a number of them insisting that they had met all the requirements.

But the leadership of the Nigerian Traders Associations called for calm amongst its members and urged them to comply with authorities.

President of the Nigerian Union of Traders Association Ghana, Chukuemeka Nnaji, addressed his colleague traders and told them that: “If someone who is hosting you doesn’t want you anymore, you don’t force yourself on them. Be quiet and don’t react. If they want to check your documents, let them check and if they want to close your shop, allow them”.

During his last tour of the Greater Accra Region, the President, Nana Akufo-Addo, engaged members of GUTA and directed the Ministry of Trade and Industry to put in place measures through its Committee on Foreigners in Retail Trade (CFRT) to deal substantively with the impasse arising from foreigners trading in the retail markets.

The Ghana Union Traders Association was then admonished to allow the existing Task Force set up by the CFRT, which is composed of representatives of various regulatory institutions, to fully enforce their regulations in order to ensure full compliance by foreigners engaged in retail trade.

Following a meeting held by the CFRT, it was decided that there would be an inspection of all shops closed by GUTA in designated operational areas.

These shops were to be opened for assessment by the Task Force and shops that were already opened would also be inspected.

Some key public sector institutions including Ghana Standards Authority, Ghana Investment Promotion Centre (GIPC) Ghana Revenue Authority, Ghana Immigration Service, Registrar General’s Department and the MMDAs would assume responsibility under the command of the Task Force for the inspection and verification of documents of shops identified as foreign-owned.

 

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

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

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

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