Home / BUSINESS / Importers and Exporters Association backs GUTA’s threat to close down shops Wednesday

Importers and Exporters Association backs GUTA’s threat to close down shops Wednesday

The Importers and Exporters Association of Ghana (IEAG) has thrown its weight behind the planned closure of shops by members of the Ghana Union of Traders Association (GUTA) come Wednesday, October 19, 2022.

“We the Importers and Exporters Association of Ghana believes the Nana Addo-led government has been given enough ample time to fix the country but has shown little seriousness in doing so. And we believe this action by GUTA and its stakeholders, will compel the government to do the needful,” the Association said in a statement Monday.

The IEAG in its statement signed by Samson Asaki Awingobit, the Executive Secretary believes the impending action by GUTA members backed by Importers and Exporters across the country, will send a strong signal to the government to sit up and fix the economy.

The leadership of GUTA has since last week, served notice of their intention to close down their shops on Wednesday the 19th of October 2022, as a sign of their disappointment in the government for its failure to address the economic challenges which have hampered their businesses.

This comes on the heels of protests by some traders in Kumasi last week against killer taxes imposed on their businesses.

GUTA President, Dr Joseph Obeng maintains the action being replicated in Accra is in solitary with the Kumasi traders.

According to him, the rising cost of doing business, the poor performance of the Ghana cedi and the new tax policy among others is largely pushing them out of business.

Source: Ghana/Starrfm.com.gh

About Elvis Anokye

Check Also

Thanks to Zee and Sinaye, "shippers" gained recognition on Big Brother Space for the first time. Their dedication to promoting and supporting romantic relationships between housemates helped to bring a new dynamic to the show.

For the first time, ‘shippers’ got recognition on Big Brother Space, curtesy Zee and Sinaye

Thanks to Zee and Sinaye, “shippers” gained recognition on Big Brother Space for the first …

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison advises the government to allow a commercial bank to take over the "Gold for Oil" programme.

Enable a commercial bank to assume control of the “Gold for Oil” initiative — Governor Addison advises the government.

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison advises the government to …