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
-
Refugees in South Africa face mounting tensions as September 30 deadline loomsÂ
27 minutes -
At least 12 dead, dozens missing after vessel capsizes in DR Congo Â
31 minutes -
Two dead, 14 rescued after accident on Kpetoe-Sarakope road
59 minutes -
AFCON 2027Q: Moroccan referee Mustapha Kechchaf to officiate Ghana-Gambia match
1 hour -
Our mental health is restored – How Medical Trust Fund is giving doctors hope again
1 hour -
2027 budget to provide for grain silos – Agric Minister
1 hour -
Damongo Communique: Democracy Not For Sale
1 hour -
Yusif Sulemana pushes community benefits, national systems in Global Forest Finance Debate
2 hours -
Todays Front pages: Monday, September 28, 2026
2 hours -
WAFU B U-17 Girls Cup: Black Maidens finish tournament with 4-0 win over Cote d’Ivoire
2 hours -
2026 Women’s Super Cup: FC Savannah to face Epiphany Warriors in final on September 29
2 hours -
Ghana’s second chance: How President Mahama’s return offers historic opportunity for transformation
2 hours -
AFCON 2027Q: Alexander Djiku ruled out of clash against Gambia
2 hours -
RCI Immanuel Temple donates supplies to Motherly Love Orphanage
3 hours -
Ghana calls for predictable, people-centred financing to protect tropical forests
3 hours