The Ghana Union of Traders Association (GUTA) will be meeting with the GIPC to review the performance of the national taskforce monitoring activities of foreigners in Ghana’s trading sector. The Ghana Investments Promotions Centre (GIPC) has established taskforces in Accra, Kumasi, Tamale, Cape Coast and Takoradi to ensure foreigners go through due process to venture into some sectors of the economy. Members of the taskforce include personnel from the security and revenue collection agencies as well as officers from GUTA and GIPC. The set up of the taskforce followed agitations by local businesses that non-Ghanaians were invading the retail trade sector, flouting the country’s investment regulations GUTA President, George Ofori in an interview with Luv FM observed that logistic constraints have impeded the smooth operation of the taskforce. The GIPC Act does not bar non-Ghanaians from operating in the wholesale or retail trading sector, provided they make an initial equity capital investment of at least three hundred thousand dollars in either cash or goods. The figure is now expected to be increased to one million dollars. Mr. Ofori emphasized that GUTA is not "anti-investment" but seeks the interest of the local traders to ensure foreign investors create jobs and contribute to the growth of the Ghanaian economy. Story by Kofi Adu Domfeh/Luv Fm/Ghana