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You’ll face our anger if GIPC law is amended to favour Nigerians – GUTA

The Ashanti regional branch of the Ghana Union of Traders (GUTA) has called on the government not to review the Ghana Investment Promotion Centre law against retail trade, to favour foreign traders as requested by the Nigerian government.

The Ghanaian traders say the government will incur their wrath if it attempts to amend the GIPC law in favour of foreign traders.

About a month ago, a delegation from Nigeria, led by the Speaker of the House of Representative, Femi Gbajabianmila, came to Ghana and met with President Nana Addo Dankwa Akufo-Addo over the crackdown on foreigners engaged in illegal retailing business, especially Nigerians.

Mr Femi, during the meeting, proposed that the government revisit the GIPC law that requires a capital base of USD1 million for foreign traders to start a business in the country.

But speaking in an interview with Kumasi FM’s Elisha Adarkwah, the Regional Chairman of GUTA, Mr Anthony Oppong, said any attempt by the government to review the law will be an insult to Ghana’s Parliament, which enacted it and the Presidency that appended its signature to the law.

Mr Oppong said: “We consider it as an insult to our parliamentarians who enacted that law and to the presidency who assented its signature to that law. But there’s a reason for it.”

“The only thing sustaining Kumasi and Ashanti Region is the trading business going on here. If you allow foreigners to come and take over this business, what else will our people to do here?

“Like the good book says: ‘We should love our neighbours as ourselves’.”

He added: “The government must rather strengthen it to favour our local indigenes.”

The Ashanti Regional GUTA further said they will advise themselves if the law is amended in favour of the foreign traders as requested by the Nigerian government.

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. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. 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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