
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
-
Edmond Boateng takes up secretary role at Honorary Consular Corps of Ghana
3 hours -
Gambia appoints British barrister to prosecute gruesome Jammeh-era crimes
3 hours -
Girl group Flo on entering into their ‘bombastic, confident, strong’ era
3 hours -
Germany suspends military approval for long stays abroad for men under 45
3 hours -
Liverpool face uphill Champions League task after PSG thrashing in Paris
3 hours -
‘Ketamine Queen’ sentenced to 15 years in Matthew Perry overdose death
4 hours -
Nigeria begins mass trial of 500 terrorism suspects
4 hours -
Atletico Madrid stun 10-man Barcelona to seize Champions League semi-final advantage
4 hours -
Black Stars coach to be announced by next week – Sports Minister
4 hours -
Chiefs, queen mothers and principal elders of Odau group denounce ‘rebellious Etweresohene’, pledges allegiance to Okyenhene
4 hours -
KNUST library dress code sparks online backlash over strict rules
5 hours -
Cultural Diplomacy in Action: Ghanaian youth leaders present symbolic smock to U.S. Chargé d’Affaires
5 hours -
Ghana Card payment activation under review – NIA breaks silence on financial integration
5 hours -
Ofori-Atta’s ICE release on bail positive; he poses no risk – Amanda Clinton
5 hours -
Ken Ofori-Atta’s passport seized after bail, set to reappear in US Court on April 27
5 hours