• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, October 2, 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
in Vaultz Business

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

Maynard Championby Maynard Champion
September 23, 2021
Reading Time: 4 mins read
Add as Preferred on Google
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.

“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.

ADVERTISEMENT

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”.

“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

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: Ghana NewsGUTAlocal tradersNigeria retail feudOpera Square
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

The CEO of GIPA, Mr. Simon Madjie Engaging Societe Generale Ghana on Morocco Investment Opportunities
Vaultz Business

GIPA Engages Societe Generale Ghana on Morocco Investment Opportunities

October 2, 2026
Mr. Goosie Tanor, Presidential Adviser for the 24-Hour Economy and Accelerated Export Development
Vaultz Business

Ghana Opens Legon Pharmaceutical Innovation Park to Investors

October 1, 2026
The CEO of GIPA, Mr. Simon Madjie Giving Highlights on Emerging Investmnt Opportunity Across Ghana
Vaultz Business

GIPA Highlights Emerging Investment Opportunities Across Ghana

October 1, 2026
Ms Margaret Ansei with an Official of Columbus Ohio of the Professional Deployment Recruitment
Vaultz Business

GEA Facilitates Global Job Pathway For Ghanaian Nurses in Ohio

October 1, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Minister for Health, Hon. Kwabena Mintah Akandoh

Health Minister Orders Deployment of 40 Health Workers to Weija Children’s Hospital

October 2, 2026
Alfred Appiah

Analyst Calls for Tactical Timing in Gold Trading

October 2, 2026
Mr. Ahmed Dasana Nantogman

Ahmed Nantogmah Urges Upstream Manufacturing in Mining

October 2, 2026
President of Ghana, HE John Dramani Mahama

Mahama Orders MMDCEs to Hold MMDA Accountability Series Twice Yearly

October 2, 2026
Ghana Chamber of Mines

Mining Sector Must go Beyond Taxes – Chamber of Mines

October 2, 2026
ADVERTISEMENT
Next Post
ECOWAS must look into its constitutional mandates- Charles Bissue

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

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.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.