• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, October 13, 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

Ghanaian Traders Urged to Embrace Globalisation, Competition

Silas Kafui Assemby Silas Kafui Assem
September 9, 2025
Reading Time: 4 mins read
Silas Kafui Assemby Silas Kafui Assem
in General News
0
Ghanaian Traders Urged to Embrace Globalisation, Competition

Ghanaian Traders Urged to Embrace Globalisation, Competition

Political Commentator Larry Dogbe, has urged Ghanaian traders to embrace competition and globalisation in the face of renewed tensions over foreign participation in the retail sector.

His comments followed the ultimatum issued by the Abossey Okai Spare Parts Dealers Association, which gave foreign traders three days to shut down their shops or face enforcement action.

The Association argued that foreign traders operating at Abossey Okai violate Ghana’s investment laws, distort fair competition, and threaten the survival of local businesses. The ultimatum has reignited national debate about Ghana’s investment policy, consistency in governance, and the role of foreign capital in local markets.

RelatedPosts

Mahama’s Galamsey Fight Non-Negotiable – Lands Minister Declares

GES Urges Parents to Accept Placements and Prepare Wards

Security Consultant Urges Hotline, Political Courage in Galamsey Fight

Speaking on the issue, Mr. Dogbe stressed that Ghana must be consistent in its approach to investment and foreign participation. He highlighted contradictions in the  government’s approach, questioning how leaders could simultaneously encourage foreign investment while resisting the presence of foreign traders in local retail markets. 

“We can’t talk about globalisation and still be where we are. Globalisation comes in various forms, technology transfer and the movement of people; you need to welcome it. You also need to appreciate the competition that it brings to you and be prepared for it”

Larry Dogbe, Political Commentator
Larry Dogbe
Larry Dogbe, Political Commentator

According to Mr. Dogbe, successive Presidents have toured the world in search of investors, yet such efforts are undermined when foreigners are later discouraged from active participation in Ghana’s economy.

“What type of investments are they looking for?” he asked, stressing that unlike locals,  foreigners often fully utilise the opportunities offered in Ghana’s market, even to the point of working at odd hours to greatly increase their gains. Gains, which he pointed out, gets sent out to their home countries.

ADVERTISEMENT

“Do you tell them not to work in the middle of the night?” he asked, prompting locals to explore more tangible options to the competition.

Contradictions in Local Practices

Mr. Dogbe also linked the debate to past initiatives such as One-District-One-Factory and the current discussion around the 24-hour economy, stressing that Ghanaians must decide whether they are ready to compete or continue to blame foreigners for taking opportunities.

The political commentator further criticised Ghanaian traders who protest foreign competition but simultaneously rent out their shops to the same people they want expelled.

Abossey Okai Spare Parts Dealers Association
Abossey Okai Spare Parts Dealers Association

“It’s like blowing hot and cold. What is it that we want as far as our investments are concerned? Do we want money? How do we make the money? Is it by partnership or sole proprietorship? If that is what we want, we should be clear in what we want to do”

Larry Dogbe, Political Commentator

He  also emphasised that retail business in Ghana has historically not been dominated by locals, cautioning that the current standoff at Abossey Okai should not be misinterpreted as targeting Nigerians alone.

Other Perspectives in the Debate

Beyond Mr. Dogbe’s views, other commentators have weighed in on the implications of foreign dominance in retail trade. NPP’s Dr. Ezekiel Agyekum-Obeng argued that Ghana’s rapidly expanding digital systems offer alternatives for young entrepreneurs to build businesses without physical shops.

“No shop, no capital, just creativity,” he said. However, he noted that loopholes in Ghana’s laws have allowed foreigners to exploit local opportunities and called for a closure to the situation to safeguard consumer protection and bolster clean business practices.

Deputy CEO of the Environmental Protection Agency, Prof. Michael Ayamga-Adongo, also joined the discussion, urging traders to focus on competitive pricing rather than attempting to enforce investment laws themselves.

Prof. Michael Ayamga-Adongo
Prof. Michael Ayamga-Adongo, Deputy CEO of EPA

“Consumers are discerning, they take everything into consideration and buy smart,” he said, stressing that some Ghanaian traders have priced themselves out of the market due to greed, thereby creating openings that foreign retailers are now occupying.

Prof. Ayamga-Adongo warned that unilateral enforcement of laws by spare parts dealers could have international consequences. 

The latest tensions at Abossey Okai underscore longstanding debates about the Ghana Investment Promotion Centre Act, 2013 (Act 865), which reserves petty trading for Ghanaians. Analysts argue that the law must be enforced by the state and not by private associations, while others insist that adaptation to global competition offers a more sustainable path.

As Ghana continues to navigate globalisation and regional integration the clash between protectionism and openness remains unresolved. For Mr. Dogbe, the solution lies in consistency, transparency, and a willingness to accept that foreign participation is an inseparable part of Ghana’s economic landscape.

READ ALSO: Ghana Vows Fiscal Discipline Beyond IMF Exit as 2026 Deadline Nears

Tags: Abossey Okai Spare Parts Dealers AssociationDr. Ezekiel Agyekum-ObengGhanaian tradersLarry Dogbelocal businessesPolitical CommentatorProf. Michael Ayamga-Adongoretail Sector
Please login to join discussion
Previous Post

GoldBod Reports Record $6 Billion in Small-Scale Gold Exports 

Next Post

South Africa’s Economy Records Stronger Second Quarter Growth

Subscription Form

Related Posts

Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah
General News

Mahama’s Galamsey Fight Non-Negotiable – Lands Minister Declares

October 12, 2025
GES Urges Parents to Accept Placements and Prepare Wards
General News

GES Urges Parents to Accept Placements and Prepare Wards

October 12, 2025
Political Interests Derailing Ghana’s Fight Against Galamsey
General News

Security Consultant Urges Hotline, Political Courage in Galamsey Fight

October 11, 2025
Professor Stephen Kwaku Asare
General News

The More Lawyers, the Better for Rule of Law – Professor Asare Insists on Expansion of Legal Education

October 11, 2025
Western Region Launches Investment Centre to Drive Local Prosperity
General News

Western Region Launches Investment Centre to Drive Local Prosperity

October 10, 2025
Dennis Miracles Aboagye
General News

NHIS System Disruption Exposes NDC’s Incompetence – Bawumia’s Spokesperson Blasts Govt

October 10, 2025
Lawyers Declare Odo Broni as Recognized Wife of Daddy Lumba
Entertainment

Lawyers Declare Odo Broni as Recognized Wife of Daddy Lumba

by Esther Korantemaa OffeiOctober 12, 2025
Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah
General News

Mahama’s Galamsey Fight Non-Negotiable – Lands Minister Declares

by Evans Junior OwuOctober 12, 2025
Mining consultant Ing. Wisdom Edem Gomashie
Extractives/Energy

Mining Consultant Challenges GoldBod CEO’s Claims on Gold Purchases 

by Prince AgyapongOctober 12, 2025
Ecobank Ghana Empowers the Next Generation Through Digital Inclusion
Banking

Ecobank Ghana Empowers the Next Generation Through Digital Inclusion

by Stephen M.COctober 12, 2025
GES Urges Parents to Accept Placements and Prepare Wards
General News

GES Urges Parents to Accept Placements and Prepare Wards

by Silas Kafui AssemOctober 12, 2025
Cameroon Goes To The Polls
Africa

Cameroon Goes To The Polls

by Comfort AmpomaaOctober 12, 2025
Lawyers Declare Odo Broni as Recognized Wife of Daddy Lumba
Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah
Mining consultant Ing. Wisdom Edem Gomashie
Ecobank Ghana Empowers the Next Generation Through Digital Inclusion
GES Urges Parents to Accept Placements and Prepare Wards
Cameroon Goes To The Polls

Recent News

Lawyers Declare Odo Broni as Recognized Wife of Daddy Lumba

Lawyers Declare Odo Broni as Recognized Wife of Daddy Lumba

October 12, 2025
Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah

Mahama’s Galamsey Fight Non-Negotiable – Lands Minister Declares

October 12, 2025
Mining consultant Ing. Wisdom Edem Gomashie

Mining Consultant Challenges GoldBod CEO’s Claims on Gold Purchases 

October 12, 2025
Ecobank Ghana Empowers the Next Generation Through Digital Inclusion

Ecobank Ghana Empowers the Next Generation Through Digital Inclusion

October 12, 2025
GES Urges Parents to Accept Placements and Prepare Wards

GES Urges Parents to Accept Placements and Prepare Wards

October 12, 2025
Cameroon Goes To The Polls

Cameroon Goes To The Polls

October 12, 2025
Subscription Form
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.