Tag: GUTA
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Allow Ghanaian traders stuck in Nigeria to move out — GUTA
In relation to the recent extension of the border closure by Nigeria to the end of January 2020, The President of Ghana Union of Traders Association (GUTA) Dr. Joseph Obeng is calling on Nigerian authorities to allow Ghanaian traders stuck inside Nigeria to leave with their products back to Ghana. The extension which was approved…
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We are not increasing prices over rise in transport fares – GUTA
The increase in transport fares may not necessarily increase the prices of some goods in the short to medium term. That is according to the Ghana Union of Traders Association, GUTA. The Ghana Private Road Transport Union [GPRTU] has announced a ten percent increase in transport fares to make up for increase in fuel prices.…
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Foreigners must not engage in retail business — Kyei-Mensah-Bonsu
Osei Kyei-Mensah-Bonsu, the Majority Leader in Parliament, is calling on the Government to strictly implement and enforce the legislation that requires any foreigner who wants to do business in Ghana to invest a minimum of US$1 million and employ at least 12 Ghanaian citizens. “When it comes to these matters the country should not…
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GUTA pleads with traders to reduce prices after reduction in import duties
The Ghana Union of Traders’ Associations (GUTA) has pleaded with its members to pass on the benefits that came with government’s decision to reduce the benchmark value of imported goods as well as a reduction in the calculated value of vehicles at the ports. In a press release issued on Tuesday, GUTA said the gain…
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Electrical dealers want GIPC law barring foreign retailers enforced
In the wake of the ongoing tussle over the involvement of foreign nationals in Ghana’s retail space, members of the Ghana Electrical Dealers Association have threatened to prevent foreigners dealing in electricals in Ghana from continuing with their business if the government fails to enforce the GIPC Act 865. The Act, in section 27, prohibits…
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GRA sued over implementation of CTN
A member of the Ghana Institute of Freight Forwarders, John Kwame Adu Jack has filed a suit at the Supreme Court to prevent the implementation of the Cargo Tracking Note (CTN), which is due to take off next Monday [October 15,2018]. Amongst others, Mr. Jack wants the Supreme Court to declare that the introduction of…
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Business Group triggers opposition to CTN policy
The Joint Business Consultative Forum has reiterated calls for government to back down on the implementation of the Cargo Tracking Note (CTN) system. The group says the Ghana Revenue Authority has once again acted in bad faith as they have been sidelined. In an interview with Citi Business News, the National Welfare Chairman of GUTA,…
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Stable economy: Businesses, labour demand more
The government will have to convince Ghanaians on how it is working to restore economic stability and improve livelihoods. This is because general reactions from key business associations on the Citi Breakfast Show pointed to virtual dissatisfaction. The groups comprise importers, exporters and organized labour. For the three groups, anything short of an improved standard…
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Businesses push for direct Yuan conversion in Ghana
The introduction of the Chinese Yuan as a major trading currency in Ghana will bring flexibility and ease of doing business. This is the take by business associations in Ghana. By this, they have reiterated calls for government and the Bank of Ghana to make the Chinese Yuan accessible in Ghana. They also contend that…
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GRA yields to pressure; backs down on CTN
The Ghana Revenue Authority (GRA) has clarified that it will soon meet with the business associations to have further consultation and sensitize them on the implementation of the Cargo Tracking Note (CTN) system. According to the Customs division of the GRA, the engagement is necessary to clear all doubts harboured by the business associations over the CTN policy.…