GIPC, GUTA dialogue seeks solutions to retail trade challenges 

The Ghana Investment Promotion Centre (GIPC) has engaged the Volta Chapter of Ghana Union of Traders Association (GUTA) in Ho to address pressing retail trade challenges in the enclave. 

This is part of efforts to better understand the complexities affecting retail activities at the regional level. 

A GIPC roadshow team, led by Mr Simon Madjie, Chief Executive Officer, met with the Volta Chapter of the GUTA in an engagement aimed at creating a platform for frank discussions and practical solutions to challenges confronting traders. 

In his remarks, Togbe Adzimah IV, Chairman of the Volta GUTA Chapter, highlighted key concerns including the influx of foreigners into trading spaces reserved for Ghanaians, dumping of cheap goods, smuggling, and unfair market competition.  

“These issues are deepening frustrations among our members, and we are urging the government to intervene swiftly,” he said.  

He appealed to the GIPC to strengthen its presence in the region to better appreciate the realities on the ground. 

Responding to the concerns, Mr Madjie acknowledged the rising unease over foreign involvement in local retail markets but reiterated that the sector was protected under Ghanaian law.  

“Retail trade remains a reserved area for Ghanaians, and we will continue to uphold the law,” he stated.  

He identified “fronting”—where locals illegally represent foreign businesses—as a major contributor to the challenges, describing it as a serious threat to fair competition and legal compliance. 

The GIPC CEO emphasised the need for stronger collaboration among stakeholders, including government agencies and private-sector actors. 

“Consistent enforcement of the law and collective responsibility are critical if we are to address these issues effectively,” he noted. 

Mr Madjie also announced the establishment of GIPC’s new Regional Office for the Volta and Oti regions, which he described as a strategic move to enhance stakeholder engagement.  

“This office will enable us to work closely with traders and other partners to resolve investment and trade-related concerns more efficiently,” he said. 

Following the meeting, the GIPC team joined GUTA executives on a tour of the Ho Central Market, where they interacted with Madam Rejoice Norvixoxo, the Market Queen and other traders.  

The visit allowed the delegation to observe firsthand, some of the operational challenges affecting retail trade in the region. 

The GIPC assured continued engagement with regional stakeholders as part of its broader mandate to promote fair business practices and support local traders. 

Source: GNA 

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