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Don’t amend GIPC Act to favour Nigerian traders – GUTA to gov’t

The Ghana Union Traders Association (GUTA) has cautioned the government of Ghana against reviewing the Ghana Investment Promotion Centre (GIPC) Act in favour of Nigerians who are in the retail business meant for Ghanaians.

President of GUTA, Dr Joseph Obeng, speaking to Class News, said: “We want to send a clear warning to the authorities; we shouldn’t wake up one day for us to hear that that law has been amended in favour of the Nigerians”.

“We are not going to take it kindly”, he warned.

According to him, “We will raise red flags because we cannot sit down for one country to dictate to us”, adding: “We are watching with eagle eyes to see what will unfold in the coming days”.

The caution follows President Nana Akufo-Addo’s  pledged to do whatever is necessary to strengthen the already-strong relations between Ghana and the Federal Republic of Nigeria when the Speaker of the House of Representatives of Nigeria, Femi Gbajabiamila, paid a courtesy call on him at Jubilee House, at the end of his two-day visit to Ghana on Thursday, 3 September 2020.

There’s been a diplomatic row between the government of Ghana and Nigeria following a decision by the Committee on Retail Trade to implement the law that prohibits foreigners from doing retail business if they do not have the $1million minimum capital.

This led to the closure of several shops of foreigners in Accra and Kumasi.

Affected Nigerians petitioned their government to act because they felt victimised, a situation that forced the government of Nigeria to release a statement saying it will not tolerate the harassment of its citizens living in Ghana.

To settle the matter diplomatically, Speaker of the House of Representatives of Nigeria, Femi Gbajabiamila has met Ghanaian authorities and urged them to revisit the GIPC Act.

President Akufo-Addo in response said the Nigerian population in Ghana are safe and have thus formed a joint committee of Ghana Nigeria Business Council to address the trade issues.

Reacting to this development, GUTA insists the GIPC Act should not be touched to favour Nigerian traders.

 

 

Source: classfmonline.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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