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GOVT AGENCIES COLLABORATE AGAINST ILLEGAL TRADING

By NBF NEWS

The Ministry of Trade and Industry has concluded plans to aggressively deal with Foreign Investors involved in illegal retail trading.

The Ministry in collaboration with the Ghana Union of Traders Association and the Ghana Investment Promotion Center has set aside the month of April to extensively deal with foreign Investors who are flouting the trade laws of the country.

Minister of Trade and Industry, Hannah Tetteh, while announcing this, indicated that a task force has been set up to visit various markets in Accra, Kumasi and Takoradi, to bring perpetrators of such acts to book.

GUTA has for sometime now bemoaned the illegal activities of foreign businesses and its negative impact on their businesses.

Although a task force was established to regulate the activities of foreign businesses in the country, Madam Hannah Tetteh says they have been taken for granted due to their leniency.

She said the action which begins in April should not be interpreted as an anti-investment move.

According to her, there is no doubt Ghana needs foreign investors, but every foreign investor is required to comply with the national laws and regulations… it is not optional because as Ghanaians, when we go to other countries, we are also expected to comply with their laws and regulations.'