Market protection We have not banned Ghanaian products in Nigeria- Nigerian Ambassador

Ghanaian traders are up in arms against President Mahama's decision to freely permit Nigerian traders in the Ghanaian retail sector. According to them, Nigeria has consistently banned Ghanaian products from its own markets.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The Nigerian government has refuted accusations by Ghanaian traders that it consistently bans Ghanaian exports from Nigeria.

The Ghana Union of Traders Association- GUTA Tuesday, declared utter displeasure about President Mahama's decision to allow Nigerian Traders to operate in the retail sector of the Ghanaian economy without adherence to the Ghana Investment Promotion Council's  $300,000 capital requirement.

According to  the traders' association, the president's decision is in contravention of the existing GIPC law, which is still in full operation.

Read more: We'll resist  Mahama's decision on Nigerian traders - GUTA

Their other argument is that contrary to the intra-trade goals that president Mahama wants to achieve in the West African sub region, the Nigerian government consistently bans Ghanaian exports from their country. GUTA therefore does not see why such courtesies should be afforded Nigerian retailers in Ghana.

The Nigerian high-commissioner, Adebola Oluseyi Onaafokan to Ghana has however, debunked that assertion, labelling it as untrue.

"Nigeria will never never, I say that with all authority. Anything produced in Ghana, which is 100 percent Ghanaian is totally allowed in the Nigerian market. This is allowed under the ECOWAS protrocol for intra-trade within West Africa."

His Excellency  Adebola Oluseyi Onaafokan   however stressed that there are restrictions against products produced in third countries which are merely being transported from Ghana or any other West African country, then that will not be allowed in Nigeria.

" Unless the product is from a third country, and  is being transported from a West African country.  But if everything is produced in Ghana, it is totally allowed in Nigeria. But in the case where a third party  produces something and packages it as though it is coming from Ghana in order to take advantage of the Nigerian market, you will agree with me that that is not fair. We have agricultural produce from the Ghanaian market in Nigeria, we have companies like Kasapreko in Nigeria a well" the ambassador stressed.

Meanwhile, the Director of the Private Enterprises Federation, has described the decision by government to permit Nigerian traders in the retail sector without adhering to the requirements of the GIPC ACT as illegal. The president is not above the law, and needs to respect the law.

" For me it is completely illegal. Once we have the GIPC Act, and it is still in operation, we cannot take any decision that opposes it.  Until the part of the GIPC Act that states the requirements and restrictions of foreign retailers in our market, we cannot take a decision that opposes it."

The  Ecowas Intra-Trade Protocols are aimed at allowing all citizens of West African countries to freely live, move and work in the West African sub-region.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email:

Recommended Articles

Recommended Videos

Top Articles

1 Poverty Gap Ghana’s policies make the rich wealthier – UNbullet
2 Job Creation Nation Builders Corps to be launched end of April - Bawumiabullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
5 Salaries In 2018 Here are the dates public workers will be paid...bullet
6 SSNIT Scandal 10 SSNIT staff with fake certificates dismissed...bullet
7 NPP government Ghana Beyond Aid is fight for economic...bullet
8 In Upper East 2 men killed in daylight bank robberybullet
9 Retirement How to calculate your SSNIT pensionbullet
10 $100K Saga Presidency denies having knowledge of...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
3 Money Alert Meet Africa's richest womanbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Support Finance minister buys Kantanka carbullet
6 Plane Crash Starbow suspends operations following plane crashbullet