Tag Archives: GUTA

GUTA bemoans depreciation of Ghana Cedi

The Ghana Union of Traders’ Associations (GUTA), has bemoaned the depreciation of Ghana Cedi against the US Dollar. A statement signed by the President for GUTA, Dr. Joseph Obeng stated that the rapid depreciation of the local currency, the cedi against the major trading currencies, especially, the United States Dollar …

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Fast track plans for trading in Chinese Yuan instead of US dollar – GUTA to Gov’t

The Ghana Union of Traders (GUTA) has called for the fast-tracking of moves to ensure that Ghanaian traders are able to trade more in the Chinese Yuan when doing business with China. Such a move is expected to reduce pressure on the Cedi because imports will not be done with …

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GUTA to export products of 1D1F companies

The Ghana Union of Traders Association (GUTA) says it has positioned itself to support Ghanaian manufacturing companies to export their products to countries they import from. This is to support the Government’s One District-One Factory (1D1F) initiative, promote Ghanaian products, help in shoring up the country’s foreign exchange and address …

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Nigerian delegation coming to Ghana unnecessary – GUTA

  The Ghana Union of Traders Association (GUTA) has described as needless the ministerial delegation directed by President Buhari to be sent to Ghana to resolve the trade impasse between Ghana-Nigeria traders. According to the President of the Association, Dr. Joseph Obeng, Ghana is only enforcing its trade laws and …

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Calls on Akufo-Addo to reopen Nigerian shops unfortunate – GUTA

  The Ashanti Regional Branch of the Ghana Union of Traders Association (GUTA) has described as unfortunate calls on President Nana Addo Dankwa Akufo-Addo to reopen Nigerian retail shops that were closed down. GUTA said its attention has been drawn to a press release by one Chief Nkem Tony Onyeagolu former President …

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Stop harbour, shipping tariff hikes – GUTA

The Ghana Union of Traders’ Associations (GUTA) has registered its “indignation” at the recent announcement of a hike in tariffs by the Ghana Ports and Harbours Authority and the shipping lines. “We are of the view that any increase at this time will not be in the interest of the …

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You’ll face our anger if GIPC law is amended to favour Nigerians – GUTA

The Ashanti regional branch of the Ghana Union of Traders (GUTA) has called on the government not to review the Ghana Investment Promotion Centre law against retail trade, to favour foreign traders as requested by the Nigerian government. The Ghanaian traders say the government will incur their wrath if it …

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GUTA executives divided after Mahama meeting

There is serious confusion within the Ghana Union of Traders Association (GUTA) over political affiliations of its leaders. The confusion, according to reports, is being created by some of the executives who have openly shown their affinity to the opposition National Democratic Congress (NDC). Information gathered indicates that, former President …

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GUTA warns govt on Ghana-Nigeria Friendship Act proposal

President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng has raised concerns on the need for government to be circumspect with the proposed Friendship Act with Nigeria so Ghanaians are not disadvantaged. The GUTA boss is however, questioning the rationale behind Ghana relaxing its trade laws to …

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Don’t amend GIPC Act to favour Nigerian traders – GUTA to gov’t

The Ghana Union Traders Association (GUTA) has cautioned the government of Ghana against reviewing the Ghana Investment Promotion Centre (GIPC) Act in favour of Nigerians who are in the retail business meant for Ghanaians. President of GUTA, Dr Joseph Obeng, speaking to Class News, said: “We want to send a …

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