The Nigerian community in Ghana, says it will as a matter of urgency arrange to meet the Ministry of Trade over the latest threat by the Ghana Union of Traders Association, GUTA.<\/p>\n
GUTA has asked all foreigners involved in retail trade to leave Ghanaian markets by the end of June.<\/p>\n
According to the President of the Association, George Ofori the continuous depreciation of the Cedi is as a result of the involvement of a large foreign influx in retail trade in the country.<\/p>\n
The Public relations officer of the Nigerians in Ghana, Barry Ndu Nwaihim said GUTA should reflect on the consequences of the threat if it is carried out.<\/p>\n
\u201cWe have explained to GUTA that if they start this today definitely it must have an effect on Ghanaian traders who are trading in Nigeria,\u201d he said.<\/p>\n
He said there are Nigerians with Ghanaian spouses and thus sending them out of the market will affect many families.<\/p>\n
When the issue came up early last year the ministry of trade directed all the traders to regularize their business with the registrar general\u2019s department in order to pay the appropriate taxes. The ministry also demanded that all foreigners legalize their stay by acquiring working and resident permits.<\/p>\n
The Nigerian traders, however dragged Ghana to the ECOWAS Community Court of Justice in 2013 over the enforcement of the Ghana Investment Promotion Council (GIPC) Act.<\/p>\n
The act, which was revised in July 2013, among others, specifies the criteria foreigners would have to meet before they can be allowed to do business in the contry.<\/p>\n
It also bars foreigners from trading in the country’s markets.<\/p>\n<\/div>\n
The Ashanti regional branch of GUTA has also\u00a0asked the Nigerian traders at Suame magazine to leave the market.<\/p>\n
But Mr. Ndu Nwaihim note that \u201cwe will initiate calls to the Ministry of Trade, we have talked to Nigerian traders, let\u2019s see before this week ends\u00a0 that we will be able to sit at the round table\u201d.<\/p>\n
The laws of the Ghana do not permit foreigners to be involved \u00a0 in retail trade.<\/p>\n
<\/p>\n
By: Betty Kankam Boadu\/citifmonline.com\/Ghana<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Nigerian community in Ghana, says it will as a matter of urgency arrange to meet the Ministry of Trade over the latest threat by the Ghana Union of Traders Association, GUTA. GUTA has asked all foreigners involved in retail trade to leave Ghanaian markets by the end of June. According to the President of […]<\/p>\n","protected":false},"author":14,"featured_media":24068,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1332,43,38,1356,4],"yoast_head":"\n