• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, October 20, 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

Trade Ministry declares plans for inspection of foreign-owned retail shops

thevaultzby thevaultz
August 4, 2020
Reading Time: 3 mins read
thevaultzby thevaultz
in Vaultz Business
0
Trade Ministry declares plans for inspection of foreign-owned retail shops

Alan Kyerematen - Trade and Industry Minister

The Ministry of Trade and Industry has said that all shops which have been forced to close by the Ghana Union of Traders Association (GUTA) and 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 Trade Ministry, the directive forms part of the CFRT’s plan to carry out their inspection and enforcement of regulations nationwide.

In a statement issued by the Ministry, the Police command and the Metropolitan, Municipal and District Assemblies (MMDA) within the respective areas of operation of the Task Force will be notified and invited to participate in the inspection exercise of the Task Force.

RelatedPosts

Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm

IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum

Importers and Exporters Applaud BoG’s $1.15bn Forex Boost

GT NEW 2 600x375 1

Also, the key public-sector institutions including the Ghana Standards Authority, Ghana Investment Promotion Centre (GIPC), Ghana Revenue Authority, Ghana Immigration Service, the Registrar General’s Department, and MMDAs, will assume responsibility under the command of the Task Force, for the inspection and verification of documents of shops identified to be foreign-owned.

It further noted that upon inspection of each shop, notice will be issued on-site by that Task Force on the state of compliance by the shop owner, and a deadline set for regularization of documents, following which each non-compliant shop will be closed.

Besides, upon inspection of each shop, notice will be issued on-site by the Task Force on the state of compliance by the shop owner and a deadline set for regularization of documents, following which each non-compliant shop will now be closed by authorities.

ADVERTISEMENT
Open shops

Furthermore, the inspection will also include an assessment of compliance with the regulatory requirements of local assemblies such as Business Operating Permits (BOP) and signages.

It will be recalled that following the impasse arising from foreigners trading in the Ghanaian retail market, the Ghana Union of Traders Association in November and December last year locked up some foreign-owned shops engaged in retail in Accra and Kumasi.

This is according to Section 27 of the Ghana Investment Promotion Centre (GIPC) Act 865, which states that foreigners are barred from engaging in retail business in Ghana, as space is solely reserved for citizens.

This led to the formation of a Committee by President Akufo-Addo come out with lasting resolve to the standstill. As part of its work, the foreign retailers were asked to provide documentation which supports legitimizing their operations in Ghana.

51302824

A few weeks ago, the Taskforce together with officials of the Ghana Immigration Service, the Ghana Revenue Authority and some GUTA leaders, reopened some of the over 600 foreign-owned shops in a three-day exercise, after the owners provided documents to back their trade.

However, GUTA has also stated in an earlier publication insisting that 90 per cent of the shops had no documentation, and hence, should remain closed.

Tags: Committee on Foreign Retail TradeGIPCGUTAMinistry of Trade and Industry
Please login to join discussion
Previous Post

Businesses in the food and accommodation sector lost more than half of their sales during the lockdown – GSS

Next Post

Electoral Commission has begun prosecution of fake guarantors and impersonators

Subscription Form

Related Posts

Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm
Vaultz Business

Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm

October 19, 2025
IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum
Vaultz Business

IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum

October 14, 2025
Importers and Exporters Applaud BoG’s $1.15bn Forex Boost
Vaultz Business

Importers and Exporters Applaud BoG’s $1.15bn Forex Boost

October 9, 2025
No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes
Vaultz Business

No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes

October 7, 2025
AfCFTA and Afreximbank Ignite New Push to Break Barriers and Scale Trade Across Africa
Vaultz Business

AfCFTA and Afreximbank Ignite New Push to Break Barriers and Scale Trade Across Africa

October 3, 2025
Africa’s $6 Trillion Trade Opportunity: GEPA Rallies Nations to Unlock Intra-Continental Power
Vaultz Business

Africa’s $6 Trillion Trade Opportunity: GEPA Rallies Nations to Unlock Intra-Continental Power

September 30, 2025
Ursula Owusu-Ekuful Declares Bid to Lead NPP’s Renewal Drive as General Secretary
General News

Ursula Owusu-Ekuful Declares Bid to Lead NPP’s Renewal Drive as General Secretary

by Silas Kafui AssemOctober 20, 2025
UP’s Formation: a Timely Reminder for NPP to Reconnect with its Roots – Boakye-Danquah
General News

UP’s Formation: a Timely Reminder for NPP to Reconnect with its Roots – Boakye-Danquah

by Emmanuel Tibila BoasahOctober 20, 2025
Hon. Haruna Iddrsu, Ghana's Minister for Education
General News

Education Minister Announces Review of Computerized School Selection System, Promises Major SHS Infrastructure Expansion

by evansjrOctober 20, 2025
Illegal Gold Processing Hits Accra Homes, EPA Warns
Extractives/Energy

Illegal Gold Processing Hits Accra Homes, EPA Warns

by Bless Banir YarayeOctober 20, 2025
US special Envoy, Steve Witkoff.
Asia

Witkoff, Kushner Arrive In Israel Amid Fragile Ceasefire

by Comfort AmpomaaOctober 20, 2025
Gasoline Pumps
Extractives/Energy

Fuel Prices Drop: Petrol at GH¢12.77, Diesel GH¢12.97 

by Prince AgyapongOctober 20, 2025
Ursula Owusu-Ekuful Declares Bid to Lead NPP’s Renewal Drive as General Secretary
UP’s Formation: a Timely Reminder for NPP to Reconnect with its Roots – Boakye-Danquah
Hon. Haruna Iddrsu, Ghana's Minister for Education
Illegal Gold Processing Hits Accra Homes, EPA Warns
US special Envoy, Steve Witkoff.
Gasoline Pumps

Recent News

Ursula Owusu-Ekuful Declares Bid to Lead NPP’s Renewal Drive as General Secretary

Ursula Owusu-Ekuful Declares Bid to Lead NPP’s Renewal Drive as General Secretary

October 20, 2025
UP’s Formation: a Timely Reminder for NPP to Reconnect with its Roots – Boakye-Danquah

UP’s Formation: a Timely Reminder for NPP to Reconnect with its Roots – Boakye-Danquah

October 20, 2025
Hon. Haruna Iddrsu, Ghana's Minister for Education

Education Minister Announces Review of Computerized School Selection System, Promises Major SHS Infrastructure Expansion

October 20, 2025
Illegal Gold Processing Hits Accra Homes, EPA Warns

Illegal Gold Processing Hits Accra Homes, EPA Warns

October 20, 2025
US special Envoy, Steve Witkoff.

Witkoff, Kushner Arrive In Israel Amid Fragile Ceasefire

October 20, 2025
Gasoline Pumps

Fuel Prices Drop: Petrol at GH¢12.77, Diesel GH¢12.97 

October 20, 2025
The Vaultz News

Copyright © 2025 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 © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address