We'll fight move to amend GIPC Act to please other countries – GUTA

The Ghana Union of Traders Association (GUTA) has said its members have never and will never prevent any African in Ghana from trading freely in goods and services that are produced in member states.
The group says it will fiercely resist any abuse of the rules by any member state.
GUTA has a longstanding misunderstanding with the authorities over foreigners taking part in retail trade in the country, which is against Ghana’s retail laws.
This has led to several clashes between Ghanaian traders and Nigerian traders, which led to the closure of many foreign-owned shops in the country by GUTA.
The shops were opened after a while.
In a press statement dated today, Wednesday, 21 July 2021, GUTA said: “If there should be any amendment to our investment laws regarding foreign retail trade in this country for Ghanaians to endorse, then it should be that: for having signed or ratified the ECOWAS protocol and the AfCFTA, any citizen of a member state who trades in goods manufactured in their respective countries and should be fully exempted from GIPC Act”.
“This is what will bring clarity and finality to this long-standing issue”.
The Association noted that it will not allow any foreigner who deals in impermissible goods under the protocol, to trade in Ghana with Ghanaians unless he/she duly comply with the GIPC law as clearly stipulated in Act 865.
“We shall also not allow any person or institution that may have a perceived agenda to amend the GIPC Act to please other countries to the disadvantage of the citizens of Ghana”, the statement said.
Below is the full statement:
Trending Business
GLICO Group pays tribute to late Asantehemaa with support and condolence visit
11:23Mahama directs purchase of glut tomatoes and onions from Asante Akim North farmers for SHS feeding
11:11MASLOC to publish names of loan defaulters after final warning
10:34Brazilian Ambassador pledges support for Ghana’s cocoa sector ahead of Afro-Brazil Festival 2025
08:07Fisheries Commission engages stakeholders on Ghana’s first Inland Fisheries Management Plan
03:06Regulatory costs threatens job creation, SME expansion in Ghana: ILAPI and FUNDALIB warn
13:13GIPC pledges support to Guinness Ghana amid rising illegal imports
04:36World Bank disburses $360m to support Ghana’s economic recovery and resilience
03:48President Mahama: Nkoko Nketenkete project to launch in Oct
19:01V/R: AGI marks 30 years with bold vision for 24-hour economy
13:48