Audio By Carbonatix
Leading Member of the Convention People’s Party (CPP), Kwame Jantuah, has raised concerns about the ongoing clashes between Ghanaian retailers and their foreign counterparts, warning against xenophobic tendencies.
Speaking on Joy Prime’s Prime Morning show, he argued that the situation has worsened because state authorities have failed to properly enforce existing laws regulating the retail trade.
“Enforcement of the law has failed, and the moment the enforcement of the law fails, people take the law into their own hands. Ghanaians are not known xenophobes, but they have been pushed to the wall,” he said.
He explained that the tension is driven largely by Ghana’s economic conditions, particularly the high cost of production that makes local goods more expensive compared to foreign imports.
Mr. Jantuah added that consumer preference also worsens the situation, as many Ghanaians opt for cheaper imported goods instead of supporting locally produced items.
“When Ghanaians go to the market, they would go for the cheaper ones rather than the Ghanaian-made goods. So we’ve got to look at the factors of production,” he explained.
He further criticized the short-term profit mentality among some Ghanaian traders, insisting that sustainable business growth requires patience.
The CPP stalwart encouraged collaboration with foreign traders, particularly Nigerians, to balance competition and strengthen economic ties.
“When you bring in a master engine, how much can you get it for? How can we work this together so that we can align prices? Simple,” he suggested.
Latest Stories
-
Ghana struggles to raise local funds for delayed cocoa season as investors demand higher returns
4 minutes -
GSA delays laboratory equipment replacement despite available funds
24 minutes -
IERPP calls for withdrawal of proposed NPA Bill, raises concerns over BOST mandate
30 minutes -
We’re not demolishing Konkomba Yam Market – Accra Mayor dismisses Minority’s claims
36 minutes -
Nitiwul, Accra Mayor clash over Konkomba Yam Market demolition for 24-Hour-Economy market
45 minutes -
BoG urges digital asset businesses to build compliance into operations at Digital Assets Summit Africa
49 minutes -
NGIS Money Market Fund’s net assets rise 33.3% to GH¢11.78m
49 minutes -
Vaglas join Vughin to mark Dɛng Festival of Sonyor in Savannah Region
1 hour -
Ghanaian model Eligere Di Merrebel attends 2026 Venice Film Festival
1 hour -
“You can’t take our GH¢82m and run away to Nigeria” – Roads Minister fires Enchi–Elubo road contractor
1 hour -
GCB Bank unveils GH¢1m unsecured loans to boost business growth at Kumasi MSME Caravan
1 hour -
Education chanllenges: NPP not interested in gov’t failure, but we will hold them to account – Dr Kwabena Tandoh
1 hour -
Kristo Asafo Bompata branch members allege post-funeral attacks
2 hours -
‘Show up Friday or lose the contract’ – Roads Minister warns Top International over abandoned Enchi–Elubo road
2 hours -
Customs revenue jumps to $450m monthly since AI introduction
2 hours