GUTA: Nigerians make up 80% of illegal retail traders in Ghana

The Ghana Union of Traders Association has brought to light a contentious issue regarding the presence of Nigerian traders in Ghana, stating that Nigerians make up around 80% of individuals engaged in illegal retail trade in the country. In a recent interview with CNBC Africa, Joseph Paddy, the Public Relations Officer of the Ghana Union of Traders Association, provided insights into the situation. Paddy emphasized that the Ghanaian government's policy on retail trade aims to encourage investments in more formalized sectors that can generate employment opportunities, rather than illegal retail trade. He clarified that the law requiring a minimum investment of one million US dollars has been in place for over a decade and is not a new regulation targeted at any specific group. According to Paddy, the objective of the law is to ensure that foreign investors adhere to good governance and proper business practices. He pointed out that many imported goods in Ghana originate from countries like Nigeria, raising concerns about the impact on the local economy. Paddy stressed that the rules and regulations apply to all foreigners conducting business in Ghana, not just Nigerians. Responding to allegations of harassment and discrimination against Nigerian traders, Paddy highlighted that every country enforces trade restrictions and regulations to protect local industries. He mentioned that Nigeria also has laws in place to safeguard its manufacturing sector, underscoring the universal nature of such policies. When questioned about the timeframe given to Nigerian traders to comply with documentation requirements, Paddy clarified that the government is not mandating an immediate shutdown of businesses. Instead, the authorities are requesting traders to regularize their documents within a specified period. Failure to comply with the regulatory framework, including obtaining necessary certificates and licenses, could result in repercussions, as per Ghanaian laws. Despite the perceived tensions surrounding the issue, Paddy reiterated the longstanding friendship between Ghana and Nigeria. He emphasized the need for compliance with local laws and regulations, regardless of nationality, to ensure a harmonious business environment. The debate over foreign retail trade regulations in Ghana continues to unfold, as both local authorities and foreign traders navigate the complexities of economic policies and cross-border commerce. The dialogue between the Ghana Union of Traders Association and Nigerian traders remains critical to finding amicable solutions and fostering mutual respect in the business community.