The Ghana Union of Traders Association are up in arms against president Mahama's decision to suspend efforts to rid the local retail sector of Nigerian traders.
We'll resist Mahama's decision on Nigerian traders - GUTA
The president declared on Monday, in the wake of the arrival of Nigerian president Mahamadou Buhari, that government will no longer continue in efforts to clamp-down on West African retailers operating in the Ghanaian retail sector, predominantly Nigerians.
GUTA has been complaining for years now, about the influx of foreigners, especially West Africans in the Ghanaian retail space, which is crowding out Ghanaians and limiting the market size.
According to GUTA not only were retailers not allowed in the retail space of Ghanaians, they are supposed to come with minimal capital of $300,000 plus a Ghanaian partner, before they are allowed to operate under the Ghana Investment Promotion Corporation's Act.
President Mahama, has however revealed, that government will no longer pursue that course of action against Nigerian traders because the ECOWAS protocols give them the right of movement, residence, and commercial activity along west African Countries, under the ECOWAS Intra-trade arrangements.
Meanwhile president of the Ghana Union of Traders Association, George KwakuOfori, says his outfit totally disagrees with the president's stance on the issue, and are dissappointed to say the least.
When pulse.com.gh asked Mr. Ofori what his Association plans to do about government's decision
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