Tag: Ghana Union of Traders Associations
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GUTA heightens calls for increased access to Chinese Yuan for traders
The Ghana Union of Traders Association (GUTA) has heightened calls for increased access to the Chinese Yuan for traders who mostly import their wares from China. According to the President of the Association, Dr. Joseph Obeng, such a move is expected to reduce pressure on the Cedi, as traders will not have to get Dollars…
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Fast track plans for trading in Chinese Yuan instead of US dollar – GUTA to Gov’t
The Ghana Union of Traders (GUTA) has called for the fast-tracking of moves to ensure that Ghanaian traders are able to trade more in the Chinese Yuan when doing business with China. Such a move is expected to reduce pressure on the Cedi because imports will not be done with US dollars. Most of Ghana’s…
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GUTA pleads with gov’t to hasten slowly with complete reversal of benchmark values
The Ghana Union of Traders Associations (GUTA) is pleading with the government to hasten slowly with a complete reversal of the benchmark value discounts. The appeal comes after the government’s announcement of a new 30 percent discount on the benchmark values of all imported goods and a 10 percent discount for vehicles from the initial…
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Supply Ghanaians with more made-in-Ghana products – AGI urges GUTA
The Association of Ghana Industries (AGI) has urged members of the Ghana Union of Traders Association (GUTA) to supply consumers with made-in-Ghana products following the government’s decision to reverse the 50% benchmark value reduction policy on some selected items. According to the AGI, GUTA’s lack of support for local manufacturers will not help Ghana’s industrialisation…
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GUTA intensifies efforts to insure businesses against fire outbreaks
The Ghana Union of Traders Associations (GUTA) is working to ensure effective collaboration between Metropolitan, Municipal and District Assemblies (MMDAs) and the National Insurance Commission (NIC) regarding the compulsory fire insurance policy for commercial buildings. This comes on the back of a number of fires that recorded in some markets across the country leading to…
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New Taxes: Government must be prudent to prevent public fatigue – GUTA
The Ghana Union of Traders Associations says as the government commences implementation of the new taxes introduced in the 2021 budget, efforts should be made to ensure the citizenry get value for money. The government as part of efforts towards reviving the economy amidst the Covid-19- pandemic introduced some new taxes including the Energy Sector…
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GUTA welcomes GRA’s digitalisation move but raises security concerns
The Ghana Union of Traders Association has welcomed the recent announcement by the Ghana Revenue Authority to digitize payments for its services. In an interview with Citi Business News, the President of GUTA, Dr Joseph Obeng commended GRA for the latest initiative. “That is the new norm. The world is changing towards digitization, and so…
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GUTA to meet AMA over forceful take-over of electrical stalls at Opera Square
The Ghana Union of Traders Associations (GUTA) intends to later today, meet with officials of the Accra Metropolitan Assembly (AMA) over Monday’s demolition exercise and take-over of stalls at the Opera Square in Accra. GUTA says the meeting is to unravel circumstances leading to the siting of some containers by an unknown private developer possibly…
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GUTA calls for establishment of a traders’ bank
The Ghana Union of Traders Associations, GUTA, says it’s major expectation from the Trade Minister, Alan Kyerematen is the establishment of a trader’s bank. According to the association, although talks had begun towards the plan in previous years, the COVID-19 pandemic halted its progress. Speaking to Citi Business News, President of GUTA, Dr Joseph Obeng,…
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Electrical dealers give gov’t 2-weeks to vet operating permits of foreign retailers at Opera Square
The Ghana Electrical Dealers Association (GEDA), is calling on the Presidential Committee on Retail Trade to start vetting the business operating documents of foreigners working as dealers in electrical items at the Opera Square in Accra. The group earlier locked up the shops of foreigners, particularly Nigerians, who they claim were trading without permit business…