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in Vaultz Business

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
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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.

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

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“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.

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.”

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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.

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Tags: Committee on Foreign Retail TradeGhana Immigration ServiceGhana Police ServiceGhana Revenue AuthorityGIPC
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