Tag: Ministry of Trade and Industry
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NBSSI & Mastercard Foundation launch Nkosuo Loan to aid MSMEs
The Ministry of Trade and Industry has charged the National board for Small Scale Industry (NBSSI) to be objective in disbursing the Nkosuo soft loan. Deputy Trade and Industry Minister Robert Akomka-Lindsay said this at the Launch of the Nkosuo loan program, a partnership between the NBSSI and the Mastercard Foundation COVID-19 Recovery and Resilience…
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Stakeholders urge Gov’t to amend or scrap law on importation of ‘accident cars’
A promise by the opposition National Democratic Congress, NDC, to scrap a new law sponsored by the incumbent government to ban the importation of salvage cars and second hand cars of not more than years old, has rekindled the already existing protest against the law. In response to the NDC Manifesto promise however, the Automobile…
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Trade Ministry announces roadmap for inspection of foreign-owned retail shops
The Ministry of Trade and Industry has announced that all shops closed by the Ghana Union of Traders Association, GUTA, as well as shops already opened in designated operational areas will be opened for assessment by the Committee on Foreign Retail Trade, CFRT, effective August 10, 2020. According to the Ministry, this is part of…
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Nigerian retailers at Tip Toe Lane gear up for business after reopening of shops
Some Nigerians engaged in retail trade in Accra are in the process of resuming full operations following the reopening of their locked up shops after nearly 7 months. The Ghana Union of Traders of Association, GUTA, locked up the shops in protest against foreigners in retail trade which is unlawful under Ghana’s laws. The shops…
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Trade Ministry calls for dialogue as car dealers threaten to demonstrate in 2-weeks
The Ministry of Trade and Industry has bemoaned threats of demonstration by the Automobile Dealers Union of Ghana (ADUG) if government does not agree to amend aspects of the Customs (Amendment) Act, 2020, which bans the importation of second hand cars of more than ten years old, as well as salvage cars, locally referred to…
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COVID-19: Halt demurrage and rent charges at the ports – GUTA to GPHA
The Ghana Union of Traders’ Associations (GUTA), is calling on government to compel the Ghana Ports and Harbours Authority (GPHA) and the shipping lines to refrain from claiming ‘demurrage and rent charges’ on cargo at the country’s ports during the period of the partial lock-down amidst the COVID-19 pandemic. Demurrage is a charge payable to…