GIPA, GUTA Map Out Measures To Protect Informal Retail Space For Ghanaians

The Ghana Investment Promotion Authority (GIPA) and the Ghana Union of Traders Association (GUTA) have developed a roadmap to safeguard Ghana's informal retail sector, exclusively for Ghanaian citizens under Act 1117. The strategic meeting, led by GIPA CEO Mr Simon Madjie, aimed to enhance monitoring and enforcement to prevent unauthorized non-Ghanaian entry into the sector.

Mr Madjie emphasized that Ghanaian citizens are the only permitted market participants in informal retail, including open markets, small shops, and kiosks. GUTA President Mr Clement Boateng warned against fronting, the practice of concealing foreign ownership of businesses operating in reserved sectors. He called for stronger law enforcement against violators.

The Act mandates penalties ranging from GH¢60,000 to GH¢120,000 for non-Ghanaian or non-wholly Ghanaian-owned enterprises violating reserved activities. Criminal sanctions exist for other forms of non-compliance, such as subletting market stalls to foreigners. A proposed inter-agency task force, comprising GIPA, MoTAI, local government authorities, security agencies, and other regulatory bodies, would coordinate enforcement efforts and establish a dedicated monitoring and enforcement unit.

Additionally, GIPA and GUTA plan to launch a public education campaign to raise awareness about Ghana's informal retail regulations and encourage reporting of violations.