Audio By Carbonatix
The Ghana Union of Traders Association (GUTA) has expressed strong disapproval of the government’s unilateral decision to implement a local cargo insurance directive without adequate consultation with stakeholders.
In a statement signed by Secretary-General Richard Amamoo on January 28, 2026, GUTA raised concerns over the imposition of mandatory insurance services on businesses, incomplete stakeholder engagement, and the limited competitiveness and track record of local insurers.
GUTA warned that penalising businesses for not insuring locally is unfair, especially when local insurance providers may lack sufficient capacity or experience to handle such responsibilities effectively.
The association has called on the National Insurance Commission and other relevant authorities to halt the directive’s implementation and engage stakeholders meaningfully to address these concerns.
Latest Stories
-
Prof Peprah says Gold Board’s biggest threat isn’t gold, it’s financing
6 minutes -
US agency sues Coca-Cola bottler over employee event that excluded men
34 minutes -
German court orders X to grant data access for Hungary election research
45 minutes -
Use today’s gold windfall to insure Ghana’s future – Prof Peprah urges gov’t
57 minutes -
Create a Gold Stabilisation Fund now, or pay later – Finance Prof tells gov’t
1 hour -
Gold Board is good, but Ghana must prepare for the fall – Prof Peprah
2 hours -
Don’t let Gold Board become the next COCOBOD – Finance professor warns
2 hours -
Ivory Coast considers following Ghana with cocoa price cut, sources say
2 hours -
Microsoft says it does not think US ICE uses firm’s tech for mass surveillance of civilians
3 hours -
You’re never too old, says dancer, 71, cast in Taylor Swift video
3 hours -
Fake vice presidential staffer remanded over visa fraud
5 hours -
Mobile money vendor in court for stealing
5 hours -
Eleven remanded over land guard case activities
5 hours -
Air Force One set for makeover paint job with new colours
5 hours -
Bodo/Glimt stun Inter Milan to continue fairytale
6 hours