Tag: GUTA
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Be considerate with our members as business slows – GUTA begs shop owners
The Ghana Union of Traders Association, GUTA, is appealing to shop owners who have rented their spaces to traders to consider suspending rent payment as businesses equally bear the brunt of the coronavirus pandemic. According to GUTA, even though its members have paid advanced rent to use the shops, the lockdown and the accompanying challenges…
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Get banks to reduce interest rate on loans over COVID-19 impact – GUTA to Gov’t
The Ghana Union of Traders Association, GUTA, is appealing to government to get banks to reduce interest rates on loans given to businesses or defer interest payment due to the economic impact of the COVID-19 pandemic. According to the Association, it is unreasonable for banks to still maintain high interest rate on loans in such…
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Containing COVID-19: GUTA urges traders to do business but with caution
The Ghana Union of Traders’ Association (GUTA), is urging the trading public to go about their businesses while they adhere to the health and safety protocols aimed at curbing the spread of the Coronavirus pandemic as put out health officials. This follows the announcement by the Accra Metropolitan Assembly, AMA, to disinfect some selected markets…
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GUTA warns of possible hikes in prices of goods as Chinese imports slows
Prices of some goods on the Ghanaian market may increase within the next two months if no solution is found to curtail the spread of the Coronavirus which originated from China, an economic powerhouse. That’s according to the Ghana Union of Traders Association, GUTA, whose members are unable to import goods from China due to…
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Nigerian shops at Circle still locked as occupants fail to produce business permits
The over 600 foreign-owned shops locked up by some members of the Ghana Union of Traders, GUTA in December 2019 at the Kwame Nkrumah Circle in Accra, have not been reopened. This is because the occupants have failed to produce their business operating permits after a Presidential Committee on Retail Trade set up by the…
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Chamber of Commerce and Industry bemoans impact of coronavirus on trade
The Chief Executive Officer of the Ghana National Chamber of Commerce and Industry, Mark Badu Aboagye, says the suspension of some airline services to China due to the outbreak of the Coronavirus has severely affected trading activities. “It has had an impact on trade and the danger is that you do not necessarily have to…
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GUTA hopeful of border reopening ahead of an announcement by Nigeria
The Ghana Union of Traders Association (GUTA), says it is looking forward to the opening of the Nigerian border for trade activities to return to normalcy. The Nigerian government in August last year closed its borders to Benin and by extension, other West African countries, as part of measures to prevent the smuggling of cheap…
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GUTA urges members to suspend travels to China over Coronavirus outbreak
The Ghana Union of Traders Association, GUTA, has advised business travelers to China to put their travel plans on hold. The caution follows the outbreak of the deadly Coronavirus in China which has so far killed over a hundred people and infected more than four thousand others. The General Secretary of GUTA, Alpha Shaban, in…
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Review GIPC law on retail trade – Nigerian traders appeal Ghana Gov’t
The Nigeria Union of Traders Association, Ghana, is asking the government of Ghana to intervene in the closure of shops belonging to their members. Members of Ghana’s main traders’ union, GUTA, have repeatedly locked up shops belonging to foreigners in Kumasi and Accra citing existing laws on retail trade in Ghana which bars foreigners from…
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GUTA issues final warning to gov’t to enforce GIPC law on retail trade
The Ghana Union of Traders’ Association, GUTA, has given government a one-week ultimatum to evict foreign nationals engaged in retail trade in Ghana’s market centres. GUTA says government’s failure to act this time around will result in a nationwide closure of foreign-owned shops. Addressing the press, the Vice President of GUTA, Osei Brogya, said government…