Home Politics Nigerians, Chinese destroying Ghanaian economy

Nigerians, Chinese destroying Ghanaian economy


GUTA president, Dr Joseph ObengGUTA president, Dr Joseph Obeng

• High importation of goods into Ghana by foreigners is one of the reasons the economy is not growing, GUTA has said

• GUTA President cited Chinese and Nigerians as the foreigners who have taken over the retail space

• He called for the strict compliance of the GIPC and ECOWAS trade law

President of the Ghana Union of Traders’ Association, Dr. Joseph Obeng, has accused Nigerian traders and other foreigners of destroying the local economy.

See also  Great Olympics vs. Bechem United

He explained that the influx of impermissible goods by these foreigners is having a negative toll on the Ghanaian economy.

He said GUTA will not allow any foreigner to trade in goods that are not manufactured in their country of origin.

The GUTA president also recalled that Nigeria closed its borders to neighbouring countries for the past 2 years to prevent dumping so Ghana is replicating the same to save their trading space.

See also  NPP to launch ideological institute next month

Dr. Obeng reiterated the need for foreign traders to comply with the Ghana Investment Promotion Centre Act 865 and the country of origin rule for there to be sanity in the trading space.

“It is very worrying, disturbing and frustrating that our gold is no more in our hands and Chinese are fed upon the juiciest part of our resources…the service, banking sector… is all dominated by the foreign entities. The telecommunication which commands huge sums of monies, …we don’t have a stake in that…We’ve given it all out on a silver platter,” he bemoaned.

See also  Where is our East Legon? Agbogbloshie residents chase Bawumia to honour promise

He made these assertions at a press briefing on Wednesday, July 21, 2021, in Accra.

Join Our Whatsapp group. Yawpsarena.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here