Posted: Wednesday 11th June 2014 at 14:49 pm

GUTA Sacks Foreign Retailers

George Kweku Ofori

George Kweku Ofori



George Kweku Ofori
The Ghana Union of Traders’ Association (GUTA) has announced plans to protest against government for adopting policies that are detrimental to the growth of businesses in the country.

In a press release issued yesterday in Accra and signed by Clement Boateng, Deputy National Organizer of the association, GUTA cited the 2.5 percent increase in the Value Added Tax (VAT), dollar indexing of duties, illegal charges at the airport, operation of foreigners in retail sector and the two percent special levy on imports, among others, as some factors affecting their businesses.

The association also warned all foreign traders operating in retail sector to leave the country before 30 th June, 2014.

They said the inability of authorities to enforce the GIPC law had led to high inflation, rapid depreciation of the cedi, high cost of shops, decline of the export sector and others.

GUTA added that it would be compelled to independently flush out all foreigners in the various markets if they do not leave by the stipulated date, saying the Inter-Agency Task Force had failed to live up to expectation.

Furthermore, it reminded traders that the closure of shops would start on Tuesday, 24 th June, 2014.

‘Any inconvenience that may be caused to the general public, especially our numerous customers, is highly regretted,’ it indicated.

By Belvy Ofori
 
 
 

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