The Ghana Union of Traders’ Associations has accused some lawmakers of contributing to the growing dominance of foreign nationals in Ghana’s retail and trading sector, warning that the situation threatens the survival of local businesses.
According to the association, certain actions and inactions by policymakers have weakened the enforcement of existing trade regulations that are meant to protect Ghanaian traders. Leaders of GUTA say the failure to strictly apply provisions of the Ghana Investment Promotion Centre Act, 2013 (Act 865) has created an environment where foreign traders increasingly operate in areas reserved for locals.
The traders’ group argued that the law clearly outlines the scope of activities foreign investors are permitted to engage in, including minimum capital requirements and restrictions on small-scale retail businesses. However, GUTA claims that enforcement has been inconsistent, allowing some foreign nationals to enter and dominate segments traditionally controlled by Ghanaian traders.
GUTA leaders expressed concern that local traders are struggling to compete due to what they describe as unfair advantages enjoyed by some foreign operators. They pointed to issues such as access to larger capital, bulk importation of goods, and alleged regulatory lapses that undermine the spirit of the law meant to protect indigenous enterprises.
The association also criticised what it described as the lack of decisive action from Parliament and other relevant authorities to address long-standing complaints raised by traders across major markets in the country. According to GUTA, repeated appeals for stronger enforcement and policy interventions have not received the level of attention required.
Officials from the group warned that if the situation continues unchecked, many small and medium-scale Ghanaian traders could be pushed out of business, which could have wider implications for employment and local economic growth.
They therefore called on government, regulatory bodies, and lawmakers to urgently review enforcement mechanisms and ensure that trade laws are applied fairly and consistently. GUTA further urged authorities to engage stakeholders, including trader associations and market leaders, to find sustainable solutions that protect local businesses while maintaining Ghana’s commitment to legitimate foreign investment.
The association reaffirmed its commitment to advocating for policies that safeguard the interests of Ghanaian traders and promote a balanced business environment in the country.
