Home Business Ghanaian, Nigerian traders agree to meet up with over retail impasse

Ghanaian, Nigerian traders agree to meet up with over retail impasse


Retailers belonging to Nigerian traders were pressured to shut past 7 days next agitation by Ghanaian traders

There looks to be some breakthrough in the retail dispute among Ghanaian and Nigerian as the two sides agree to dialogue.

On Wednesday, the management of the two sides satisfied on Pulse, a news evaluation programme on the Pleasure News channel on MultiTV.

On the Pulse exhibit President of the Ghana Union of Traders Affiliation (GUTA), Dr. Joseph Obeng, agreed to a request by the President of the Nigeria Union of Traders Association-Ghana, Main Chukwuemeka Nnaji.

The conference is predicted to handle worries by neighborhood traders that the Nigerian traders have been breaching bylaws and having over firms reserved for Ghanaian traders.

The two sides have been in dispute for numerous a long time pursuing confusion about regardless of whether to implement regional legal guidelines which forbid foreign participation in retail trade or an ECOWAS treaty that allows citizens of member states to shift freely and create economically in other member states.

Related: ‘Breaching Ghana regulations not section of ECOWAS treaty’ – PEF on non-citizens retailing

Ghana’s legislation does not permit non-Ghanaians or non-citizens to operate in petty trading, hawking, taxi services, operation of elegance salons and barbering outlets.

The Ghana Expense Advertising Act (2013) states the pursuing:

A human being who is not a citizen or an business which is not wholly owned by citizen shall not invest or take part in—

a. the sale of items or provision of expert services in a sector, petty investing or hawking or offering of products in a stall at any location

b. the operation of taxi or vehicle employ the service of services in an enterprise that has a fleet of less than twenty-five motor vehicles

c. the procedure of a magnificence salon or a barber shop d. the printing of recharge scratch playing cards for the use of subscribers of telecommunication expert services e. the creation of exercise textbooks and other primary stationery

f. the retail of finished pharmaceutical items

g. the generation, provide and retail of sachet drinking water and

h. all facets of pool betting small business and lotteries, except football pool.

Even so, a non-citizen may possibly participate in these marketplaces in the scenario of a joint business with a companion who is a citizen, invests a foreign funds of not significantly less than $200,000 in income or capital items relevant to the financial commitment or a mixture of both by way of fairness participation and the husband or wife who is a citizen does not have much less than 10% equity participation in the joint business.

Many Nigerians are acknowledged to be engaging in these firms in Ghana.

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