GEDA gives 14-day ultimatum to gov’t


DISTRESSED members of Ghana Electrical Dealers Association (GEDA) have issued a two-week ultimatum to the government to fully enforce Section 20 of the Ghana Investment Promotion Act (Act 865) of the 1992 Constitution to save Ghanaian businesses.


They lamented that many foreign nationals have recently flooded the Ghanaian markets with inferior and cheap goods which has led to low patronage of quality Ghanaian products.


Failure by the government to heed to their call, according to them, would compel them to launch attacks on foreign retailers in an even worse fashion than what transpired at the Suame Magazine last week when Ghanaian traders destroyed shops and wares of some Nigerians.


Fuming with anger, the members of GEDA wearing red band at a crowded press conference in Accra yesterday stated that the Ghana trades were in a state of despondency, warning all the foreign retailers dealing in electrical products and other retail businesses to stop opening their shops and stores from Monday, June 24, 2019  else they would incur their wrath.


“The foreigners have taken over our retail business and we are not making any headway in our businesses so we are warning that we are now bracing ourselves to attack foreigners operating in the retail sector in Ghana,” GEDA members threatened.


“Because successive governments have failed to address their plight, hence the need to pile pressure on the government of President Nana Addo Dankwa Akufo-Addo,” they stressed.


Addressing a press conference, the spokesperson for GEDA, Mr Samuel Asare Addo, said that their current action to stop foreign retainers in Ghana was premised on the point of government’s negligence and complete failure to enforce the GIPC Law.


He stressed that what everybody needs to know was that the “GIPC law does not bar foreigners from doing retail trades in Ghana, but the law provides some conditions to be fulfilled in order to avoid friction with the Ghanaian citizens for which we are witnessing today to the failure of the state regulatory institutions charged with the responsibility of monitoring and enforcement of the law, to carry out their duties.”


“What they saw at Suame Magazine, we will be doing more than that because we have realised that the government is not on our side. Until the GIPC Law is implemented, we will never stop,” he said.


He also alleged that those foreigners do not pay taxes.


For his part, the National Organiser of the Ghana Union Traders Associations (GUTA), who doubles as the President of the Abbosey Okai Spare Parts Dealers Association, Mr Samuel Boateng, observed that the association had never had qualms with foreign companies such as Melcom, Koala and others, simply because they have followed due process.


GUTA, he warned, will not accept any attempt by the government to review the Acts to favour foreigners.





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