• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, December 12, 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

GUTA petitions committee on retail trade to implement laws on foreign traders

M.Cby M.C
September 23, 2021
Reading Time: 4 mins read
President of the Ghana Union of Traders’ Association (GUTA), Dr. Joseph Obeng, has urged the Association of Ghana Industries (AGI) to take advantage of the high cost of imported goods in the market by ensuring Made-In-Ghana goods offers competitive prices.

President of the Ghana Union Traders Association (GUTA), Dr Joseph Obeng.

President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has called on the committee for retail trade to expedite processes in resolving challenges with foreign traders by implementing instituted laws.

Describing the retail feud with foreign traders as unfair to local traders, he noted that the Association is willing to deliberate on the matter and optimistic about the outcome of the meeting with the committee.

“I think the earlier the foreign committee starts working, the better. Because, as you can see, what happened at Koforidua, Ashaiman, Tema [and] everywhere; people’s patience cannot be controlled again. So, we will plead with the committee of foreign retail trade to go back to its roadmap and start working. As they have promised to meet us on Wednesday,[S we are prepared and eager to meet with them. But this time round, we want them to start working in earnest because there is a law; the law should work, it’s as simple as that”.

Dr Joseph Obeng

Highlighting on the leeway given the foreign traders, Dr Obeng noted that the Association has sought to give them “concession”.  Nonetheless, in their bid to help, he explained that their concession has been “rejected” by the foreign traders.

RelatedPosts

SMEs at Risk: UKGCC and Deloitte Warn Ghanaian Firms Against ‘Dangerous’ DIY Transactions

Ghana Courts U.S. Capital at High-Powered Washington Business Forum

20 Million Daily Transactions: MoMo CEO Hails Ghana’s Explosive Fintech Growth

“And the people cannot wait because our markets are being taken over, it’s as simple as that. I don’t think our people will have the patience again to wait forever for this clause to be enforced. Nobody is going to allow that”.

Dr Joseph Obeng
Closure of shops at Opera Square

Touching on the closure of shops of some foreign retailers at the Opera Square in Accra today, September 23, 2021, Dr Obeng, revealed that it is an outpour of their displeasure of the apparent disregard of laid down rule by the foreign traders. However, he could not give a ballpark figure of the number of shops closed by local traders.

Similarly, the GUTA President revealed that members have been “very civil on our demands”. By virtue of that, they will not resort to violence as recorded in “countries which beat, kill people [and] burn down shops”.

“… this closure is scattered in different areas. So, I don’t know the number of shops. I can’t put a figure on it. But then it also shows that nobody is going to wait because it is the law [and] the law should work. Once the laws are working on other areas, when we are faulted on tax payments and other things… it should be the thing that protects us, shouldn’t be enforced. It’s not fair to the trading community. The people have come to that realisation that if care is not taken, it will take forever before this law will be enforced. And that is [why] they’re doing this.

“These things have happened elsewhere but we’ve been fighting this over twenty years and we haven’t heard such a thing. So, we are civil on our demands and we make sure that we control our people. And that’s what we have been doing”.

Dr Joseph Obeng
Resolution of retail feud by committee

In concluding, Dr Obeng expressed “a great deal of confidence” in the trade committee to do their job. He revealed that the committee were well on their way to resolving the matter until the intervention of the Nigerian government came calling for “mercy”.

ADVERTISEMENT

“Until then, government has talked to us to have some patience and give some concessions, we’ve done exactly that. Our brothers are not accepting that. Producing common document for the committee to scrutinize it, you say you cannot abide. And the people of Ghana cannot accept this. Because we cannot travel to other countries and do things on our term.

“Wednesday is a joint committee that is represented by Nigeria and Ghana. So, I think they’re going to see whether these people are still bent or not in complying with the terms of the dispensation that government has given”.

Dr Joseph Obeng

Read Also: UK: Food firms warn of panic-buying in the coming Christmas

Tags: Ghana NewsGUTAlocal tradersNigeria retail feudOpera Square
Share6Tweet4Share1SendSend
Please login to join discussion
Previous Post

Afia Schwarzenegger calls on President Akuffo-Addo to sack the Western Regional Minister, Kwabena Otchere-Darko Mensah

Next Post

Takoradi Kidnap: Victim has a right for independent examination- Charles Bissue

Related Posts

SMEs at Risk: UKGCC and Deloitte Warn Ghanaian Firms Against ‘Dangerous’ DIY Transactions
Vaultz Business

SMEs at Risk: UKGCC and Deloitte Warn Ghanaian Firms Against ‘Dangerous’ DIY Transactions

December 12, 2025
Ghana Courts U.S. Capital at High-Powered Washington Business Forum
Vaultz Business

Ghana Courts U.S. Capital at High-Powered Washington Business Forum

December 12, 2025
20 Million Daily Transactions: MoMo CEO Hails Ghana’s Explosive Fintech Growth
Vaultz Business

20 Million Daily Transactions: MoMo CEO Hails Ghana’s Explosive Fintech Growth

December 11, 2025
GIPC Boss Holds High-Level Talks with U.S. Embassy on Game-Changing Investment Bill
Vaultz Business

GIPC Boss Holds High-Level Talks with U.S. Embassy on Game-Changing Investment Bill

December 10, 2025
Ghana Races to Boost Domestic Revenue with High-Tech Tax Reforms Ahead of IMF Departure
Vaultz Business

Ghana Races to Boost Domestic Revenue with High-Tech Tax Reforms Ahead of IMF Departure

December 8, 2025
Ghana’s Bureaucracy Taxing MSMEs Into Poverty: Explosive Report Uncovers Hidden Costs
Vaultz Business

Ghana’s Bureaucracy Taxing MSMEs Into Poverty: Explosive Report Uncovers Hidden Costs

December 7, 2025
Ewoyaa Project: Atlantic Lithium Limited
Extractives/Energy

Atlantic Lithium Remains Confident After Ghana Parliament Pauses Mining Lease Approval

by Prince AgyapongDecember 12, 2025
President John Dramani Mahama
General News

Mahama Rallies for New Era of African Economic Independence at Kenya’s 62nd Jamhuri Day

by Evans Junior OwuDecember 12, 2025
Access Bank Sparks Continental Shake-Up as It Leads Africa’s Unified Payment Revolution
Banking

Access Bank Sparks Continental Shake-Up as It Leads Africa’s Unified Payment Revolution

by M.CDecember 12, 2025
President Mahama @ 62nd Jamhuri Day in Kenya
Economy

Prez Mahama Sells Ghana, Calls for Economic Liberation to Establish Sovereignty in Africa

by Michael Teye-Bio NaduteyDecember 12, 2025
Artisanal Small-Scale Miners Association (ASSMA) Operations
Extractives/Energy

MDF Intensifies Efforts to Ensure Chemical-Free Mining

by Bless Banir YarayeDecember 12, 2025
Gas Plant
Extractives/Energy

WAPCo Assures Region of Uninterrupted Gas Transport After Pipeline Breach

by Prince AgyapongDecember 12, 2025
Ewoyaa Project: Atlantic Lithium Limited
President John Dramani Mahama
Access Bank Sparks Continental Shake-Up as It Leads Africa’s Unified Payment Revolution
President Mahama @ 62nd Jamhuri Day in Kenya
Artisanal Small-Scale Miners Association (ASSMA) Operations
Gas Plant

Recent News

Ewoyaa Project: Atlantic Lithium Limited

Atlantic Lithium Remains Confident After Ghana Parliament Pauses Mining Lease Approval

December 12, 2025
President John Dramani Mahama

Mahama Rallies for New Era of African Economic Independence at Kenya’s 62nd Jamhuri Day

December 12, 2025
Access Bank Sparks Continental Shake-Up as It Leads Africa’s Unified Payment Revolution

Access Bank Sparks Continental Shake-Up as It Leads Africa’s Unified Payment Revolution

December 12, 2025
President Mahama @ 62nd Jamhuri Day in Kenya

Prez Mahama Sells Ghana, Calls for Economic Liberation to Establish Sovereignty in Africa

December 12, 2025
Artisanal Small-Scale Miners Association (ASSMA) Operations

MDF Intensifies Efforts to Ensure Chemical-Free Mining

December 12, 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