• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, July 25, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

About 90% of foreign retailers have no permit to trade in Ghana – GUTA

July 22, 2020
thevaultzby thevaultz
in Vaultz Business
0
About 90% of foreign retailers have no permit to trade in Ghana – GUTA

Joseph Obeng - President of GUTA

The Ghana Union of Traders Association (GUTA) says it will continue to push in order for foreigners without the requisite documents to trade, are forced out of Ghana’s retail space.

According to GUTA, majority of the over 600 shops they had locked up, have by force reopened by the foreign retailers particularly Nigerians, against the orders of the Presidential Committee on Foreign Retail Trade, which inspected documents of the owners.

According to the President of GUTA, Joseph Obeng, the Union will not allow illegality to persist to the detriment of its members.

RelatedPosts

GSA Vows Tough Sanctions as BoG Enforces New Forex Rules to Curb Arbitrary Shipping Charges

“Tear Down the Barriers!” – Stellenbosch Panel Calls for Urgent Overhaul to Boost Intra-African Trade

MTN Ghana Deepens Customer Connections in Eastern Region with $250 Million Network Investment

“As a matter of fact, these foreigners massed up in their numbers to resist the operations of the taskforce that has been set up by government, when they were ordered to close their shops again. It’s the taskforce itself that made them open the shops in order to have access to their documents for verification.

“They (the taskforce) found out that over 90% were not eligible to do any form of trading at all because they do not even have the basic documents let alone even having the GIPC certificate. With the much touted ECOWAS protocols that we’ve been talking about, they are even not in compliance with the ECOWAS protocol itself,” Mr Obeng noted.

The Ghana Union of Traders Association is among other things, demanding the immediate closure of all illegal foreign-owned retail shops that have reopened for business in Accra.

Basing their argument on section 27 of the Ghana Investment Promotion Centre (GIPC) Act 865, which bars foreigners from engaging in retail business in Ghana, as space solely reserved for citizens, GUTA locked over 600 foreign-owned shops in Accra in December last year.

51302824

This led to the formation of the Committee on Foreign Retail Trade after the President’s intervention. Some weeks passed, the Committee together with officials of the Ghana Immigration Service, the Ghana Revenue Authority and some executives of GUTA reopened some of the shops in a three-day exercise, after the owners provided documents to back their trade.

But for GUTA, some of the Nigerian retailers who had no legitimate documents, have also gone ahead to reopen their shops for business while the authorities look on unconcerned.

“We hereby want authorities and the Ghanaian public to note that,  these recalcitrant foreigners have taken the law of our country into their own hands with impunity whiles the authorities look on unconcerned.

“GUTA has been quiet and cooperative all this time just to allow the Committee on Foreign Retail Trade to execute it’s mandate as directed by His Excellency the President of the Republic himself. GUTA welcomes all genuine foreigners who abide by the laws of our country. We also welcome our neighbours from the sb-region  (ECOWAS), who deal in goods manufactured in their respective countries. However, we wish to be categorical that we will not countenance anything in the contrary, and as a result, we demand the immediate closure of those shops to avoid any unfortunate situation, as tension is mounting on the matter” it warned.

Tags: GUTAtrade
Please login to join discussion
Previous Post

SSNIT Board Chair adjudged Outstanding Board Chairman of the year

Next Post

Minister for Fisheries and Aquaculture Hints On Gov’t Exempting Tax For The Industry

[mc4wp_form id="1264"]

Related Posts

Dr Cassiel Ato Forson, Ghana’s Finance Minister
General News

Government Moves to Repurpose Road Fund to Prioritise Maintenance

July 24, 2025
Dr. Cassiel Ato Forson, Road, Programme
General News

Big Push Channels GHS 13.8bn into Road Projects Under 2025 Mid-Year Budget

July 24, 2025
US special Envoy, Steve Witkoff.
USA

US Recalls Gaza Ceasefire Consultation From Doha

July 24, 2025
Small-Scale Sector Gold Exports Hit $5B in H1 2025 – Finance Minister
Extractives/Energy

Small-Scale Sector Gold Exports Hit $5B in H1 2025 – Finance Minister

July 24, 2025
Trump Urged To Intervene In Gaza’s Hunger Crisis
Asia

Trump Urged To Intervene In Gaza’s Hunger Crisis

July 24, 2025
Ghana’s Finance Minister, Dr. Cassiel Ato Forson
General News

Gov’t’s Arrears Audit Nears Completion: GH¢28.3 b Claims Validated, GH¢3.6 b Rejected

July 24, 2025
Dr Cassiel Ato Forson, Ghana’s Finance Minister
General News

Government Moves to Repurpose Road Fund to Prioritise Maintenance

by Evans Junior OwuJuly 24, 2025
Dr. Cassiel Ato Forson, Road, Programme
General News

Big Push Channels GHS 13.8bn into Road Projects Under 2025 Mid-Year Budget

by Silas Kafui AssemJuly 24, 2025
US special Envoy, Steve Witkoff.
USA

US Recalls Gaza Ceasefire Consultation From Doha

by Comfort AmpomaaJuly 24, 2025
Small-Scale Sector Gold Exports Hit $5B in H1 2025 – Finance Minister
Extractives/Energy

Small-Scale Sector Gold Exports Hit $5B in H1 2025 – Finance Minister

by Prince AgyapongJuly 24, 2025
Trump Urged To Intervene In Gaza’s Hunger Crisis
Asia

Trump Urged To Intervene In Gaza’s Hunger Crisis

by Comfort AmpomaaJuly 24, 2025
Ghana’s Finance Minister, Dr. Cassiel Ato Forson
General News

Gov’t’s Arrears Audit Nears Completion: GH¢28.3 b Claims Validated, GH¢3.6 b Rejected

by Evans Junior OwuJuly 24, 2025
Dr Cassiel Ato Forson, Ghana’s Finance Minister
Dr. Cassiel Ato Forson, Road, Programme
US special Envoy, Steve Witkoff.
Small-Scale Sector Gold Exports Hit $5B in H1 2025 – Finance Minister
Trump Urged To Intervene In Gaza’s Hunger Crisis
Ghana’s Finance Minister, Dr. Cassiel Ato Forson
[/vc_row_inner]

Recent News

  • Government Moves to Repurpose Road Fund to Prioritise Maintenance
  • Big Push Channels GHS 13.8bn into Road Projects Under 2025 Mid-Year Budget
  • US Recalls Gaza Ceasefire Consultation From Doha
  • Small-Scale Sector Gold Exports Hit $5B in H1 2025 – Finance Minister
  • Trump Urged To Intervene In Gaza’s Hunger Crisis
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.