Audio By Carbonatix
The Abossey Okai Spare Parts Dealers Association has announced plans to close down foreign-owned retail shops in the business enclave on Monday, September 8, 2025, if no intervention is made.
The Association’s Director of Communications, Takyi Addo, confirmed the planned action in an interview on Adom FM’s Dwaso Nsem on Friday.
He explained that the move is intended to enforce the Ghana Investment Promotion Act (Act 865), which restricts retail trade to Ghanaian citizens.
According to Mr. Addo, the action is not targeted at any particular group of foreign nationals but is aimed at ensuring strict adherence to the law.
“On Monday, we are closing all shops of foreigners. There are laws in this country, and we don’t know how they have managed to infiltrate the retail business. Some are driving Uber, others are in trades strictly reserved for Ghanaians. We have been patient for too long, but this time we are serious,” he declared.
He further explained that under Act 865, foreign investors are required to deposit at least $1 million to operate in the retail sector or import goods of the same value.
“Instead, many, especially the Chinese, bring in products worth over $10 million and still engage directly in retail trade, which the law forbids. They are supposed to operate as suppliers, not retailers,” he argued.
Mr. Addo stressed that such practices place Ghanaian traders at a disadvantage, as they face high rent, levies, and import duties while competing with foreign businesses that ignore regulations.
The Association maintained that the action is long overdue, noting that many local spare parts dealers have already been forced out of business at Abossey Okai due to what they describe as “unfair competition.”
This is not the first time local traders have clashed with foreign retailers in Ghana.
The enforcement of Act 865 has been a recurring source of tension, particularly between Ghanaian traders and foreign nationals, most notably Chinese and Nigerian retailers.
In 2020 and 2021, similar disputes led to widespread shop closures, protests, and calls for stricter enforcement of the law.
Successive governments have promised to address the matter, but traders argue that enforcement has been inconsistent, leaving local businesses vulnerable.
Latest Stories
-
Simultaneous upgrades key to ending Ghana’s power outages within a year — IES analyst
4 minutes -
Photos: President Mahama visits Coastal Protection Project sites
7 minutes -
Adamus Resources refutes illegal mining claims; says due process not followed in licence revocation
13 minutes -
The diplomacy at play behind the King’s speeches
18 minutes -
Russia scales back Moscow Victory Day parade, blaming threat from Ukraine
26 minutes -
From foundation to failure: Policy lessons on why construction stalls
26 minutes -
A man’s sense of authority, stress levels, and communication can make or break intimacy – Marriage experts
27 minutes -
Mahama inspects renewed protection efforts at tidal wave-hit Fuveme and Blekusu projects
31 minutes -
rCOMSDEP engages Northern Regional Minister on small-scale miners registration drive
40 minutes -
Ghana Armwrestling Federation secures Next Level Energy Drink partnership for 15th African Championship
46 minutes -
Driver remanded for allegedly defiling girl, 12
54 minutes -
BoG 2025 Financial Statements: The figures will soon judge the voyage
56 minutes -
Gender Minister engages Queen Mothers to deepen push for gender parity, inclusive development
58 minutes -
Gender Minister engages amputees, pledges stronger push for disability inclusion
1 hour -
Winneba Prisons supports Aboakyer Festival with donation to Effutu Traditional Council
1 hour