Ghanaian traders to be sacked from other countries

The Vice President of IMANI Ghana, Kofi Bentil has said that he will not be surprised if other foreign countries also start sacking all Ghanaian traders from their markets.

The Trade Ministry is expected to begin an exercise from Tuesday to remove non-Ghanaians engaged in retail business at market centres which are reserved for indigenes.

The Trade Minister, Hannah Tetteh at a press conference last week indicated that a request from the ECOWAS Parliament for the suspension of the exercise could not be granted.

Kofi Bentil responding to this move however said what Ghana needed was a conscious effort at promoting Ghanaian businesses not protectionism. The Ghana Investment promotion law bars foreign traders from retailing unless they invest an initial capital of 300 thousand dollars.

The exercise is believed will take place in spite of efforts by the ECOWAS Parliament delegation to intervene on behalf of ECOWAS nationals. Mr Bentil believes the law allowing Ghana to take the action was bad but the implementation was even worse, fearing other countries may retaliate and Ghanaians living in those countries will be the losers.

 

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