• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, August 24, 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

Nigerian Traders pay taxes and have documentation to operate in the retail market – President of NUTAG

August 14, 2020
thevaultzby thevaultz
in Vaultz Business
0
Nigerian Traders pay taxes and have documentation to operate in the retail market – President of NUTAG

The President of the Nigerian Union of Traders Association Ghana (NUTAG), Chukwuemeka Nnaji has indicated that his members have the right documentation to work in the retail market and they also comply with the taxes they are expected to pay.

His comments come after the national taskforce on retail trade went to the retail market at the Kwame Nkrumah Interchange (Circle) to deal with foreigners who are operating illegally in the retail market.

However, after an altercation between the task force and the exotic traders at Circle, Mr Nnaji said in an interview that, they were not treated fairly because they have the correct documentation backing their businesses.

RelatedPosts

High Cost of Borrowing Chokes Ghana’s SMEs – GCYE Warns of Stalled Growth

MoMofest Launch at Bukom Dazzles With Discounts, Games & Big Wins

GUTA Pushes for Price Cuts as Cedi Stability Holds

“The information I received… is that, the committee will be coming to inspect the documentation of the Nigerian traders and that is what we told them (the traders). So they started in Abossey Okai from Monday to yesterday {Wednesday} and they came to circle today {Thursday}.

He added that they expected the task force to have inspected the documents of the traders in the same manner they did at the previous markets they visited but not forcefully try to close their shops even though they have the right documents. He pointed out that, they are also seeking for what exactly the task force is demanding of them.

hqdefault 1
President of the Nigerian Union of Traders Association Ghana, Chukwuemeka Nnaji

“Everyone would have expected that, they do the same thing because we are also asking {for} information; what they are asking and what they are aggrieved” about.

“So if they come today {Thursday} and did not ask anybody any question and if you have watched TV you can see some people flying their own documents showing everywhere that, they have the documentation and they have given them as testament to pay taxes and they have paid.

“And the information I’m receiving from the Circle chairman is that the majority of them are complying with the taxes that were given to them by the inter-ministerial committee.”

Read Also: GUTA warns government of imminent job loses if foreigners are allowed in Ghana’s retail market

These statements raise some serious issues concerning the country’s regulations on retail trade.

On several occasions, the Ghana Union of Traders Association (GUTA) has pointed out that, majority of foreign retailers in the country do not have permits to engage in retailing. From the comments of the President of the Nigerian traders, who make the majority of these retailers, they don’t agree with this claim.

Dr. Joseph Obeng
Dr. Joseph Obeng, President of GUTA

However, The GIPC Act (865), the law which spells out the terms and conditions under which foreigners can engage in retailing in the country bars the “sale of goods or provision of services in a market, petty trading or hawking or selling of goods in a stall at any place,” by foreigners.

Recently, there have been numerous confrontations by GUTA towards foreign retailers. Late last year, GUTA closed about 600 shops owned by foreigners.

When the foreigners reopened their shops after months of closure, a near brawl almost ensued at Circle. During that fracas, the President of NUTAG pleaded for the government of Ghana to protect them as they feared for their lives.

In February this year, a Presidential Committee on Foreign Retail Trade was instituted by government to ensure all the misunderstandings in the sector were dealt with.

Mr. Ntim Odonkor, a representative of the Minster of Trade on Tuesday, February 4th, stated that,

“The issue of foreigners taking over trading activities reserved for Ghanaians which has been your concern sometime has also come to the notice of government.

“As directed by his Excellency, a technical sub-committee has been put together to ensure the implementation of the president’s directives on this matter.

“Secondly, parliament has charged its subsidiary committee on Trade, Industry to study and make recommendations in a by-partisan manner with a view to finding a sustainable solution to this issue.”

Tags: DocumentationghanaGUTAPresident of NUTAG Nigerian TradersRetail tradeTaxes
Please login to join discussion
Previous Post

There Should be Conscious Effort to Grow the Small-Scale Mining Industry- GNASSM

Next Post

EXCLUSIVE: Take the money away from the NBSSI– Dalex Boss

[mc4wp_form id="1264"]

Related Posts

Inflation Pressures Ease, But August CPI Faces ‘Upside Risk’ from Base Effects
Economy

Inflation Pressures Ease, But August CPI Faces ‘Upside Risk’ from Base Effects

August 24, 2025
NDC Defends Fuel Allowance Ban Amidst NPP ‘Settings’ Criticism
General News

Tamale Central By-Election: 12 NDC Aspirants Remain in Race

August 24, 2025
Ayra Starr Attributes Latest Song To New Mindset
Entertainment

Ayra Starr Attributes Latest Song To New Mindset

August 24, 2025
Executive Director of Africa Education Watch (Eduwatch), Kofi Asare
Education

BECE Malpractice Surges in 2025, Eduwatch Raises Alarm 

August 24, 2025
Kemi Badenoch Opens Up On Racism Faced
UK

Kemi Badenoch Opens Up On Racism Faced

August 24, 2025
Lands Ministry Insists Fight Against Galamsey Under Control, Not Overwhelmed 
Extractives/Energy

Lands Ministry Insists Fight Against Galamsey Under Control, Not Overwhelmed 

August 24, 2025
Inflation Pressures Ease, But August CPI Faces ‘Upside Risk’ from Base Effects
Economy

Inflation Pressures Ease, But August CPI Faces ‘Upside Risk’ from Base Effects

by Stephen M.CAugust 24, 2025
NDC Defends Fuel Allowance Ban Amidst NPP ‘Settings’ Criticism
General News

Tamale Central By-Election: 12 NDC Aspirants Remain in Race

by Silas Kafui AssemAugust 24, 2025
Ayra Starr Attributes Latest Song To New Mindset
Entertainment

Ayra Starr Attributes Latest Song To New Mindset

by Esther Korantemaa OffeiAugust 24, 2025
Executive Director of Africa Education Watch (Eduwatch), Kofi Asare
Education

BECE Malpractice Surges in 2025, Eduwatch Raises Alarm 

by Evans Junior OwuAugust 24, 2025
Kemi Badenoch Opens Up On Racism Faced
UK

Kemi Badenoch Opens Up On Racism Faced

by Lawrence AnkutseAugust 24, 2025
Lands Ministry Insists Fight Against Galamsey Under Control, Not Overwhelmed 
Extractives/Energy

Lands Ministry Insists Fight Against Galamsey Under Control, Not Overwhelmed 

by Prince AgyapongAugust 24, 2025
Inflation Pressures Ease, But August CPI Faces ‘Upside Risk’ from Base Effects
NDC Defends Fuel Allowance Ban Amidst NPP ‘Settings’ Criticism
Ayra Starr Attributes Latest Song To New Mindset
Executive Director of Africa Education Watch (Eduwatch), Kofi Asare
Kemi Badenoch Opens Up On Racism Faced
Lands Ministry Insists Fight Against Galamsey Under Control, Not Overwhelmed 
[/vc_row_inner]

Recent News

  • Inflation Pressures Ease, But August CPI Faces ‘Upside Risk’ from Base Effects
  • Tamale Central By-Election: 12 NDC Aspirants Remain in Race
  • Ayra Starr Attributes Latest Song To New Mindset
  • BECE Malpractice Surges in 2025, Eduwatch Raises Alarm 
  • Kemi Badenoch Opens Up On Racism Faced
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.