GIPC CEO calls for stronger action against fronting in Ghana’s retail sector

The Chief Executive Officer(CEO) of the Ghana Investment Promotion Centre (GIPC), Mr. Simon Madjie, has urged stronger collaboration and consistent enforcement to eliminate the practice of fronting in Ghana’s retail trade.
Addressing members of the Ghana Union of Traders Association (GUTA) during a high-level engagement in Accra, Mr. Madjie described fronting as a “serious threat” to fair competition and legal compliance.
He stressed that dealing with the practice requires a united and sustained national effort.
He also acknowledged concerns over the growing presence of foreign traders operating in spaces legally reserved for Ghanaians, reiterating that retail trade remains a protected sector under Ghanaian law.
According to him, the GIPC is committed to safeguarding local businesses and livelihoods.
Mr. Madjie further reassured traders that President John Mahama is fully committed to their welfare and would not endorse any policy that undermines their economic participation.
On his part, the President of GUTA, Mr. Joseph Obeng, commended the GIPC for its proactive approach, describing the engagement as the first by a government agency since the change in administration.
He said the gesture signalled a strong commitment to addressing the concerns of traders.
Source: classfmonline.com/Cecil Mensah
Trending Business
Bank of Ghana suspends five remittance operators over regulatory breaches
22:38TDC boss warns contractors on Kpone affordable housing project
00:49Ghana’s customs management system struggles under heavy load-Importers
09:36Foreign Affairs Minister meets AfCFTA Secretary-General to deepen economic diplomacy
02:27Govt pushes 24-Hour Economy through Volta Economic Corridor Programme
15:19Inflation falls to 11.5% in August, below end-year target
13:35Mahama lifts ban on state land transactions, introduces new framework for transparency
14:56Fuel prices adjusted despite falling global crude costs
09:51Ghana is a ‘trusted, open and reliable’ partner — Mahama woos Singaporean investors
20:36NPA named most connected energy sector agency at IT Excellence Awards 2025
19:53