• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, September 22, 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 set to close down unregistered foreign retail shops

Maynard Championby Maynard Champion
April 20, 2021
Reading Time: 3 mins read
Add as Preferred on Google
President of the Ghana Union Traders Association (GUTA), Dr Joseph Obeng, has expressed the need for government the Ghana Revenue Authority to avoid non-discriminatory taxing of businesses and ensure uniformity.

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

President of the Ghana Union Traders Association (GUTA), Dr. Joseph Obeng, has disclosed that the Association will resume the close down of unregistered foreign retail shops in May this year.

According to him, the exercise will cover retail centres in Kumasi, Accra, Takoradi and the Central Region.

“The taskforce meant to close the shops has not been active for a while. We shall resume somewhere in May 2021. This time around, we are targeting some major spots in Kumasi, Accra, Takoradi and others. It’s all about the law”.

Per data from the Association and the Ministry of Trade, some 200 unregistered foreign retail shops remain locked up in Accra and Kumasi.

Commenting on this, Dr Obeng revealed that none of the 200 shops have proven “to have the right documents to operate”.

ADVERTISEMENT

“It gives us more reason to keep them closed”.

Reopening of Nigerian retail shops

Currently, the former President for All Nigerian Communities in Ashanti Region, Chief Nkem Tony Onyeagolu, has called on President Akufo-Addo to direct the reopening of locked-up Nigerian shops.

Countering the request in a statement, the Ashanti Regional Branch of GUTA described as unfortunate, calls made on the President to reopen the shops.

GUTA further described the situation as “palpable falsehood and an insult to the president and the good people of the country”.

According to the Association, the presidential committee “enforced a parliamentary enacted law of the land”.  This law, GUTA revealed permits it to close down these shops without documentation.

“That is GIPC Act 865, which does not allow foreigners in retail business and did not work capriciously.

“That the said committee did not target any particular nation.  As the name goes, the committee is a public mandated one to ensure sanity and compliance among foreigners in the retail space”.

 GUTA further maintained that Chief Nkem lost sight of Ghana being “a sovereign state with laws and regulations”. This, it revealed, is meant to regulate the trading activities of the country despite “affiliation to some international bodies”.

ADVERTISEMENT

It further revealed that the retail issues fall within the jurisdiction of the Committee on Foreigners in Retail Trade. In lieu of that, requesting the President to intervene is “an unnecessary interference” in the affairs of an independent body.

“The allegations that their monies and documents are locked up in the shops is also false. The committee allows retrieval of such items when genuinely proven”.

GUTA reacts to retail shop owners defiance to directive

The Association also recounted incidences whereby Nigerian retailers blatantly displayed wares in front of locked-up shops.

“Others have resulted to the use of motor bikes and distribution vans to patronize their customers both in the urban and rural areas.”

GUTA bemoaned the negative impact the activities these shops are having on Ghanaian businesses. It further called on the presidential Committee on Foreigners in Retail Trade to intervene in the ensuing problem.

ADVERTISEMENT

According to the Association, the Committee must embark on the promised second and subsequent phases of the exercise. It explained that, this will “avert the collapse of our business” especially in this pandemic times.

Read Also: Covid-19 impact triggers $5 billion in capital flows from Africa

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: BusinessGhana NewsGUTANigerian retail shopsPresident Akufo-Addo
Please login to join discussion
Previous Post

Investors express interest in Ghana’s Airport City II Project

Next Post

“Possible link” between Johnson & Johnson vaccine and blood clots- EMA

Related Posts

The Upper East Regional Minister and His Delegation in China, an Efforts to Attracts Investment to the Region
Vaultz Business

Upper East Regional Minister Intensifies Efforts to Attract Strategic Investment

September 21, 2026
Dr. Ishmeal Dodoo, Chief Partnership Officer for the 24-Hour Economy Addressing Stakeholders and Government Officials at the 24-Hour Economy
Vaultz Business

24-Hour Economy Unveils Six Strategic Industrial Projects for Private Investors in Ghana

September 17, 2026
Panellist Seated and Having Discussion at the Ghana Industrial Summit and Exhibition
Vaultz Business

GISE 2026 Brings Industry Stakeholders to Drive Ghana Export-Led Industrial Growth

September 17, 2026
President Mahama, Madam Yang Yang together with Some Government Officials and Stakeholders at the Commissioning of the third Assembly Plant of Zonda Tec Ltd in Tema
Vaultz Business

Vehicle Assemblers to Meet Local Production Threshold for Tax Incentives – President Mahama

September 16, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

image 314

Asamoah Gyan Lands Black Stars Role as GFA Reshapes National Teams Setup

September 21, 2026
Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah with Minerals Commission CEO, Hon. Isaac Tandoh

Talensi Miners Appeal to Minerals Commission Over Licensed Concession Eviction

September 21, 2026
Renewed Tensions

Middle East Tensions Put Fresh Pressure on Ghana’s Fuel Bill

September 21, 2026
Kweku Smoke

Kweku Smoke Makes History Dominating Top Three Ghana Music Charts

September 21, 2026
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation

News Outlets To Sue Over White House Ban

September 21, 2026
ADVERTISEMENT
Next Post
“Possible link” between Johnson & Johnson vaccine and blood clots- EMA

“Possible link” between Johnson & Johnson vaccine and blood clots- EMA

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.