ModernGhanalogo

FEATURED: The Bushy Roads In The City Of Accra: Who Is Sleeping On The Job?...

body-container-line-1
18.11.2019 Business & Finance

GUTA To Reopen Shops Of Foreigners But With Strong Warning

By Simon A. Tetteh
GUTA To Reopen Shops Of Foreigners But With Strong Warning
NOV 18, 2019 BUSINESS & FINANCE

Ghana Union of Traders Association (GUTA) has warned government of the dire consequences of its lackadaisical attitude towards trade laws in the country.

The group, over the years have complained bitterly over government’s failure to enforce the laws that bar foreign traders to engage in retail businesses.

This compelled GUTA to forcefully lock-up shops owned by some foreigners engaged in retail business few weeks ago at Kumasi and other parts of the country.

A move government has described as unlawful, however has failed through its responsible agencies to regulate foreign businesses.

Act 2013 (Act 865), of the Ghana Investment Promotion Centre (GIPC) bars foreigners to engage in retail business, but persistently has been flouted according to GUTA.

In a press statement issued on Monday, GUTA announced its decision to reopen the shops but with a strong warning.

“We have decided to reopen the closed shops for the recalcitrant foreigners to clear their goods immediately and leave there in full compliance with the law or face the dire consequence. Enough is enough. This is our message and we believe that it will not fall on deaf ears if, indeed, we have listening authorities who think of the well-being of the citizens of Ghana,” it added.

The statement continued, “It is highly impossible for us to sit and look on helplessly while foreigners invade our territory when our past wise leaders in their own wisdom believed that it was not only important but also necessary to reserve an area of the economy for the indigenes.”

It has issued a week ultimatum to government, to ensure that all state institutions enforce the laws on the retail trade of foreigners in the country.

“However if we do not see concrete action by the authorities to decisively deal with the situation, we shall advise ourselves on the next line of action, which will be staged nationwide, and will damn consequences.”

It further threatened that, it will resist any attempts by the police in their demand to stop them.

body-container-line