Tag: GUTA
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GUTA urges gov’t to get other countries to open their borders to facilitate trade
The Ghana Union of Traders Association (GUTA) has added its voice to calls on government to get Ghana’s neighbouring countries to also reopen their land borders, more than a week after President Akufo-Addo announced the reopening of Ghana’s land and sea borders President Nana Akufo-Addo’s announcement of a reopening of Ghana’s land and sea borders,…
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GUTA advocates deeper stakeholder engagement one year after AfCFTA implementation
A year into the implementation of the African Continental Free Trade Area Agreement (AfCFTA), the Ghana Union of Traders Associations (GUTA) wants more stakeholder engagement to ensure success. The President of the Ghana Union of Traders Associations (GUTA), Dr Joseph Obeng, says a lot more effort will be required to ensure the agreement lives up…
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GUTA welcomes ‘temporary’ suspension of reversal of benchmark value discounts
The Ghana Union of Traders Association (GUTA) has welcomed the announcement by the government for the Ghana Revenue Authority (GRA) to suspend the implementation of the benchmark value discounts. President Akufo-Addo on Saturday directed the GRA to stay the rollout of the policy until January 17, 2022, to allow for broader stakeholder engagement. As part…
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Prices to go up by 50% with reversal of benchmark values policy – GUTA
The Ghana Union of Traders Association is warning of a steep increase of about 50% in the prices of some major goods imported into the country if the Ghana Revenue Authority (GRA) goes ahead with the implementation of the government’s policy directive on the reversal of the reduction of values of imports on selected items,…
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GUTA cautions of ‘intense protests’ if benchmark value policy is reversed
The Ghana Union of Traders Associations (GUTA) is warning of intense protests if the government goes ahead with plans to reverse the benchmark value reduction policy. Over a week after the Finance Minister proposed the reversal of the benchmark reduction policy in the 2022 budget, different stakeholders have defended or spoken against the move. In…
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GUTA calls on members to reject plans to reverse 50% benchmark value reduction policy
The leadership of the Ghana Union of Traders Associations (GUTA) has asked its members to reject plans to reverse the benchmark value reduction policy. This follows a communique sighted from the Ghana Revenue Authority which indicated the intended cancellation of the discounts on Benchmark Values for vehicles and general goods from the 15th of November…
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Nigerian traders present documents to Ghana’s presidential taskforce on trade
Nigerian traders engaged in Ghana’s retail space who have presented legal documents for the registration of their businesses will be able to conduct their operations peacefully. This follows the presentation of documents of such traders by the leadership of the Nigerian Union of Traders Association (NUTAG) to the new presidential taskforce set up by the…
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GUTA demands government’s intervention over trade wars between local and foreign retailers
The Ghana Union of Traders Association (GUTA) has called on the government to hasten steps to resolve the impasse between Ghanaian and foreign traders in the country. A joint implementation task force between GUTA and the Nigeria Union of Traders Association, Ghana (NUTAG) has been established to find a lasting solution to the stalemate between…
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GUTA backs calls for reversal of 50% benchmark value reduction on crude palm oil
The Ghana Union of Traders Association (GUTA) has backed calls by the Oil Palm Development Association of Ghana and the Artisanal Palm Oil Millers and Outgrowers Association of Ghana for the scrapping of the 50% Benchmark Value Reduction Policy on crude palm oil and palm kernel oil. According to GUTA, even though the country cannot…
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Artisanal Palm Oil Producers want 50% reduction in benchmark values reversed
While the Ghana Union of Traders Association, GUTA is calling for the maintenance of the 50% benchmark values reduction policy, Artisanal Palm Oil Millers and Outgrowers say the policy is deepening their woes amidst the Covid-19 pandemic. According to the Artisanal Palm Oil Millers and Outgrowers Association, the policy is rendering locally produced crude palm oil…