
Audio By Carbonatix
Even as ECOWAS Parliament lobbies government to review exiting law which bars foreigners from retail business until they invest 300,000 dollars, the Ghana Investment Promotion Center has hinted the threshold may soon be increased to about a million dollars.The GIPC says the review of the law passed as far back as 1994 is long overdue.An Inter-Agency Task-force which begun a crackdown on foreigners engaged in illegal retailing has vowed to sustain the exercise but some civil society groups fear it could have negative repercussions.Chief Executive of the GIPC, George Aboagye however maintained the law was in the interest of the country.He told Joy News that though the ECOWAS Parliament was pleading for a review, government was yet to respond officially.Meanwhile some traders at the Central business district of Accra where the enforcement exercise begun yesterday are urging the task-force to be circumspect in their operation.They fear it could lead to a situation where a few Ghanaian traders with the capacity to import goods will control the market.But the President of the Ghana Union of Traders, George Ofori disagrees.He also condemned policy think-tank IMANI Ghana’s opposition to the enforcement of the law.George Ofori told Joy News most of the comments made by IMANI were uninformed.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Dr. Dre joins Forbes billionaires list as second-richest hip-hop artist with $1 billion fortune
31 minutes -
Oil rises as investors remain wary US-Iran ceasefire will open supply flow
60 minutes -
Eight appear in court as police intensify crackdown on illicit drugs in Tamale
3 hours -
Motorist remanded in custody for hitting four-year-old girl
3 hours -
Mobile money vendor robbed at Ziope
3 hours -
Benin’s Finance Minister Wadagni seeks his own mandate in election
4 hours -
GNFS retrieves body of unidentified man from Asylum Down drain
4 hours -
CAF’s Motsepe to visit both Senegal and Morocco amid AFCON fallout
4 hours -
Edmond Boateng takes up secretary role at Honorary Consular Corps of Ghana
4 hours -
Armed men kill 20 and abduct others in northwestern Nigeria villages
4 hours -
Gambia appoints British barrister to prosecute gruesome Jammeh-era crimes
4 hours -
Girl group Flo on entering into their ‘bombastic, confident, strong’ era
5 hours -
Germany suspends military approval for long stays abroad for men under 45
5 hours -
Liverpool face uphill Champions League task after PSG thrashing in Paris
5 hours -
‘Ketamine Queen’ sentenced to 15 years in Matthew Perry overdose death
5 hours