GUTA orders closure of over 90% of shops owned by foreign retail traders
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GUTA orders closure of over 90% of shops owned by foreign retail traders

- The president of the Ghana Union of Traders Association (GUTA), Dr Joseph Oteng, says all shops owned by foreigners at Kwame Nkrumah Circle should be closed

- He explained that checks by the GUTA showed that over 90% of such traders do not have the relevant documents

- Dr Oteng added that the closure of the shops will ease tension in the area

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The Ghana Union of Traders Association (GUTA) has called for the immediate closure of all retail shops owned by foreigners at Kwame Nkrumah Circle in Accra.

GUTA argued that the foreign traders are illegally operating there and need to cease operations as soon as possible.

Dr Joseph Oteng, the association’s president, revealed that GUTA has inspected working documents of such traders and concluded that about 90% of them are breaking the law.

GUTA orders closure of over 90% of shops owned by foreign retail traders

Executives of GUTA Source: Modern Ghana
Source: UGC

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Per a report by Ghana Web, he added that it has been established that all Economic Community of West African States (ECOWAS) member traders are guilty of the rules of origin as stated in the protocols.

For that reason, he went on, they do not trade in goods manufactured in their respective countries.

He went on to say that GUTA will not support any wrongdoing and, for that reason, there is a need for a closure of such shops in order to quell tension in Ghana.

The association noted that its call for a closure of the shops was based on Section 27 of the Ghana Investment Promotion Centre (GIPC) Act 865 which bars foreigners from engaging in retail business in Ghana.

In other news, the Ghana Commodity Exchange has raised concerns about a fall in farm produce channeled through its platform.

According to the exchange, the outbreak of the coronavirus has negatively affected its activities as farmers are not able to produce crops as before.

The exchange, which is a private-public partnership initiative that provides a regulated market linking buyers and sellers of commodities to trade, added that the drop is estimated to be 45%

READ ALSO: Former Finance Minister Seth Terkper calls for audit of COVID-19 funds

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Source: Yen

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