Ghanaian traders at Circle, a major marketplace in Accra, have locked down their shops in protest against what they describe as unfair competition from foreign traders, particularly Nigerians. The traders are demanding that authorities address their concerns before they reopen their shops.
Traders are calling for the government to take action against foreigners who are allegedly engaging in retail trade in contravention of the country’s laws.
The traders, who are members of the Ghana Union Traders Association (GUTA), claim that foreigners are taking over the retail sector, particularly in the mobile phone and laptop accessories markets.
According to the traders, the Ghana Investment Promotion Council (GIPC) Act 865 prohibits foreigners from engaging in retail trade in Ghana. Section 27(1) of the Act specifically lists activities that foreign investors are not permitted to invest in or participate in, including the sale of goods or provision of services in a market, petty trade, or hawking or selling of goods in a store or at any place.
The traders are calling on the GIPC to activate its mandate and ensure that foreigners comply with the law. They are also calling on the government to “reset” the local market and ensure that Ghanaians are protected from unfair competition.
Speaking at a press conference, Mr. Eric Gyamfi, Chairman of the Mobile Phones Association of Ghana, stated that the situation is getting worse by the day and that immediate action is needed to address the issue.
The traders are praying for the government to take decisive action to stop foreigners from engaging in retail trade and to protect the interests of Ghanaians.
Source: Oyerepafmonline.com/ Bernard K Dadzie
