• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, January 17, 2026
  • 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

Tiptoe Lane Foreign-owned Retail Shops Closed Down

thevaultzby thevaultz
August 14, 2020
Reading Time: 3 mins read
shops

The Committee in charge of Foreigners in Retail Trade (CFRT) has locked up shops of foreign nationals at Tiptoe Lane near the Kwame Nkrumah Interchange in Accra.

According to the taskforce, the exercise was in line with recommendations from the committee probing the impasse between Ghanaian traders and the foreign counterparts over foreign participation in retail trade.

Public Relations Officer of the Trade Ministry, Prince Boakye explained that:

RelatedPosts

Ashanti Region Stalled Road Projects Resume as Government Releases New Funding

Vice President Pledges New High-Occupancy Fleet to End Transport Agony

Government Moves to Fix Public Transport Crisis with Immediate and Long-Term Measures

“Our presence here was not to check whether anybody has met the criteria, our presence here was to lock up shops that we have identified not to have complied. This is not the first time we have been here and that is why you’d realize that we have been at Abossey Okai from Monday. While we were there we did not lock up any shop because that’s the first time we’ve been there”, he said.

The exercise, however, experienced some resistance from the foreign traders with a number of them insisting that they had met all the requirements.

But the leadership of the Nigerian Traders Associations called for calm amongst its members and urged them to comply with authorities.

President of the Nigerian Union of Traders Association Ghana, Chukuemeka Nnaji, while addressing his colleague traders told them that:

ADVERTISEMENT

“If someone who is hosting you doesn’t want you anymore, you don’t force yourself on them. Be quiet and don’t react. If they want to check your documents, let them check and if they want to close your shop, allow them”.

Read Also: Tiptoe Lane Foreign-owned Retail Shops Closed Down

During his last tour of the Greater Accra Region, the President, Nana Akufo-Addo, engaged members of GUTA and directed the Ministry of Trade and Industry to put in place measures through its Committee on Foreigners in Retail Trade (CFRT) to deal substantively with the impasse arising from foreigners trading in the retail markets.

The Ghana Union Traders Association was then admonished to allow the existing Task Force set up by the CFRT, which is composed of representatives of various regulatory institutions, to fully enforce their regulations to ensure full compliance by foreigners engaged in retail trade.

Following a meeting held by the CFRT, it was decided that there would be an inspection of all shops closed by GUTA in designated operational areas. These shops were to be opened for assessment by the Task Force and shops that were already opened would also be inspected.

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

Tags: Committee on Foreign Retail TradeRetail tradeTiptoe Lane
Share8Tweet5Share1SendSend
Please login to join discussion
Previous Post

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

Next Post

Today, high-end sex dolls are realistic and posable, each with

Related Posts

Ashanti Regional Minister, Dr Frank Amoakohene
General News

Ashanti Region Stalled Road Projects Resume as Government Releases New Funding

January 16, 2026
Vice President Professor Jane Naana Opoku-Agyemang
General News

Vice President Pledges New High-Occupancy Fleet to End Transport Agony

January 16, 2026
Minister of State in charge of Government Communications, Felix Kwakye Ofosu
General News

Government Moves to Fix Public Transport Crisis with Immediate and Long-Term Measures

January 16, 2026
Minister of State in charge of Government Communications, Felix Kwakye Ofosu
General News

No Pay for Mahama’s Presidential Economic Advisory Group Members – Kwakye Ofosu

January 16, 2026
Minister of State in charge of Government Communications, Felix Kwakye Ofosu
General News

No Economic Management Team Yet – Kwakye Ofosu Says Advisory Group Offers Independent Counsel

January 16, 2026
Hon. Ahmed Ibrahim, Minister of Local Government, Chieftaincy and Religious Affairs
General News

Ghana Seeks €1m Spanish-Grant to Revive Ayalolo Fleet Amid Urban Transport Crisis

January 16, 2026
GSE Delivers Historic Returns as Composite Index Soars 79.4% in One of Its Best Years Ever
Securities/Markets

Heavy Volume, Limited Winners as GSE Ends Week with Strong Liquidity but Narrow Gains

by M.CJanuary 17, 2026
USA

FAA Warns Of Hazardous Situation In Eastern Pacific, Urges Caution

by Comfort AmpomaaJanuary 17, 2026
Extractives/Energy

DGPP Losses: Parliamentary Inquiry the Way to Fix This Historic Mess – Dr. Kabiru Mahama Insists

by Bless Banir YarayeJanuary 17, 2026
Richmond Eduku, Energy and Finance Analyst
Extractives/Energy

Energy Analyst Attributes Fuel Price Relief to Regulation, Strong Cedi and NPA Coordination

by Prince AgyapongJanuary 17, 2026
“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares
Economy

“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares

by M.CJanuary 16, 2026
Standard Chartered Tops Ghana’s Retail Banking CX Rankings for Second Straight Year
Banking

Standard Chartered Tops Ghana’s Retail Banking CX Rankings for Second Straight Year

by M.CJanuary 16, 2026
GSE Delivers Historic Returns as Composite Index Soars 79.4% in One of Its Best Years Ever
Richmond Eduku, Energy and Finance Analyst
“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares
Standard Chartered Tops Ghana’s Retail Banking CX Rankings for Second Straight Year

Recent News

GSE Delivers Historic Returns as Composite Index Soars 79.4% in One of Its Best Years Ever

Heavy Volume, Limited Winners as GSE Ends Week with Strong Liquidity but Narrow Gains

January 17, 2026
reuters 696ae121 1768612129

FAA Warns Of Hazardous Situation In Eastern Pacific, Urges Caution

January 17, 2026
WhatsApp Image 2026 01 13 at 12.31.53 PM

DGPP Losses: Parliamentary Inquiry the Way to Fix This Historic Mess – Dr. Kabiru Mahama Insists

January 17, 2026
Richmond Eduku, Energy and Finance Analyst

Energy Analyst Attributes Fuel Price Relief to Regulation, Strong Cedi and NPA Coordination

January 17, 2026
“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares

“2025 Was a Year of Painful Adjustments but Stability Is Back,” BoG Governor Declares

January 16, 2026
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