• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, October 28, 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

Suame Magazine: 41 shops of foreigners engaged in retail trade locked up over improper documentation

thevaultzby thevaultz
August 27, 2020
Reading Time: 2 mins read
Over 40 shops of foreign retailers closed at Suame Magazine 1

A total of forty-one shops belonging to some foreigners, who are into retail trade at the Suame Magazine Industrial area have been locked up.

This was part of a nationwide exercise by the Committee on Foreigners in Retail Trade plans to vet all foreign-owned businesses to ensure they had the required documentation to operate. Hence, the committee is undertaking the exercise following concerns by Ghanaian traders that some foreigners were in the retail space unlawfully.

The team comprising representatives of the Ghana Revenue Authority, Trade and Industry Ministry, Ghana Investment Promotion Centre (GIPC), officers from the Ghana Immigration Service and Ghana Police Service moved into the enclave to check the documentation of the foreign traders.

RelatedPosts

Swelling Trade Cost, Africa Loses US$5b Annually– AfCFTA

MobileMoney LTD Leads a Collaborative Effort Among Fintech Ecosystem Players to Harness Digital Credit and Asset Regulation

Ghana’s Textile Policy Faces Old Structural Hurdles, IMANI Warns

The operation was also to enforce Section 27 (1) of the GIPC Act which states that:

“A person who is not a citizen or an enterprise which is not wholly-owned by a citizen, shall not invest or participate in 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,”

The exercise was largely peaceful as the team which went to parts of the market to enforce laws barring foreigners from engaging in retail trade succeeded in closing the shops without resistance.

Local traders at the Suame Industrial area have over the years protested against foreigners engaging in retail trade.

ADVERTISEMENT

According to the Secretary to the Committee on Foreigners in Retail Trade, Maxwell Apenkro, there was a similar operation in 2018.

“We came to see if after two years they have been able to comply with the rules. The previous one, none of them met the requirement fully.”

But none of the traders had made attempts to do the right thing, he said.

“Within the two year period, we expected that by now they should have regularised their business operations.”

In effect, Mr. Apenkro said, “locking will compel them to come to our offices to do the right thing.”

He added that the exercise also sought to educate foreigners on Ghana’s trade laws. A similar exercise which was conducted within the Greater Accra Region a few weeks ago.

Tags: Committee on Foreign Retail TradeGhana Immigration ServiceGhana Police ServiceGhana Revenue AuthorityGIPC
Share5Tweet3Share1SendSend
Please login to join discussion
Previous Post

As an Exchange we do have challenges – GSE to Akufo-Addo

Next Post

President Akufo-Addo Assures CPC Of Becoming More Profitable

Related Posts

Swelling Trade Cost, Africa Loses US$5b Annually– AfCFTA
Vaultz Business

Swelling Trade Cost, Africa Loses US$5b Annually– AfCFTA

October 23, 2025
MobileMoney LTD Leads a Collaborative Effort Among Fintech Ecosystem Players to Harness Digital Credit and Asset Regulation
Vaultz Business

MobileMoney LTD Leads a Collaborative Effort Among Fintech Ecosystem Players to Harness Digital Credit and Asset Regulation

October 21, 2025
Ghana’s Textile Policy Faces Old Structural Hurdles, IMANI Warns
Vaultz Business

Ghana’s Textile Policy Faces Old Structural Hurdles, IMANI Warns

October 21, 2025
Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva
Vaultz Business

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva

October 20, 2025
Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares
Vaultz Business

Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

October 20, 2025
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
The Cedi@60 celebrations present a new dawn for Ghanaians.
Economy

New Dawn for Cedi: End Dollarization Now, Ato Calls

by Michael Teye-Bio NaduteyOctober 28, 2025
Mr. Awentami Paul Afoko, Former National Chairman and National Chairman Hopeful, New Patriotic Part (NPP)
Uncategorized

Formerly Suspended NPP’s Paul Afoko Declares for National Chairman Contest

by Emmanuel Tibila BoasahOctober 28, 2025
Bryan Acheampong, NPP Flagbearer Aspirant
General News

Ashanti NPP Youth Reject Bryan Acheampong, Endorse Bawumia for 2028

by Silas Kafui AssemOctober 28, 2025
NSA Former Directors, implicated in the Ghost Names Scandal
General News

Auditor-General Blames Systemic Control Breaches for GH¢2.4 Billion NSA Ghost Names Scandal

by Evans Junior OwuOctober 28, 2025
CSIR-SARI’s New High-Yield, Early-Maturing Lines Promise Boost in Farmer Incomes
Agribusiness

CSIR-SARI’s New High-Yield, Early-Maturing Lines Promise Boost in Farmer Incomes

by M.COctober 28, 2025
Danquah Addo-Yobo
Extractives/Energy

Newmont Appoints Addo-Yobo as Country Manager

by Bless Banir YarayeOctober 28, 2025
The Cedi@60 celebrations present a new dawn for Ghanaians.
Mr. Awentami Paul Afoko, Former National Chairman and National Chairman Hopeful, New Patriotic Part (NPP)
Bryan Acheampong, NPP Flagbearer Aspirant
NSA Former Directors, implicated in the Ghost Names Scandal
CSIR-SARI’s New High-Yield, Early-Maturing Lines Promise Boost in Farmer Incomes
Danquah Addo-Yobo

Recent News

The Cedi@60 celebrations present a new dawn for Ghanaians.

New Dawn for Cedi: End Dollarization Now, Ato Calls

October 28, 2025
Mr. Awentami Paul Afoko, Former National Chairman and National Chairman Hopeful, New Patriotic Part (NPP)

Formerly Suspended NPP’s Paul Afoko Declares for National Chairman Contest

October 28, 2025
Bryan Acheampong, NPP Flagbearer Aspirant

Ashanti NPP Youth Reject Bryan Acheampong, Endorse Bawumia for 2028

October 28, 2025
NSA Former Directors, implicated in the Ghost Names Scandal

Auditor-General Blames Systemic Control Breaches for GH¢2.4 Billion NSA Ghost Names Scandal

October 28, 2025
CSIR-SARI’s New High-Yield, Early-Maturing Lines Promise Boost in Farmer Incomes

CSIR-SARI’s New High-Yield, Early-Maturing Lines Promise Boost in Farmer Incomes

October 28, 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