GUTA Archives - Wontumi Online

08 Jan

Reschedule Loan Payments For Traders Affected By Kantamanto Fire – GUTA begs banks

wontumionline0 CommentsBusiness, TrendingGUTA, Kantamanto Fire, Loan

The Ghana Union of Traders Association (GUTA) has appealed to banks and financial institutions to reschedule the financial obligations of traders at the Kantamanto market, following the devastating fire outbreak last week. Speaking to journalists after the association donated GH₵40,000 to support the reconstruction of the market, the First Vice Chairman of GUTA Clement Boateng emphasized the need for financial institutions to reschedule loan payments for traders affected by the fire. “I will take this opportunity to appeal to the banks because I know that there are a lot of people here who have taken some facilities from the bank.…

21 Nov

GUTA Clashes With Foreign Traders In Koforidua

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Chaos erupted at Koforidua in the Eastern region between members of the Ghana Union of Traders Association (GUTA) and foreign retailers, predominantly Nigerians. The incident occurred as GUTA intensified its mission to close down shops and businesses operated by foreigners engaged in retail activities. Mobile phone accessories and bags were seized on the streets, triggering heated confrontations and physical altercations. In a surprising turn of events, dozens of Nigerians mobilized and stormed the New Juaben South Municipal Assembly, where GUTA members had converged for debriefing after their operations. The Nigerians, demanding the release of their seized items and justice for what they…

07 Nov

GUTA Shuts Down Over 38 Foreign Retail Shops

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The Ghana Union of Traders Association (GUTA) in the Eastern region has executed an enforcement exercise to close more than 38 retail shops owned by foreigners, primarily dealing in mobile phones, in Koforidua. This action is in response to what GUTA alleges is the government’s failure to fully enforce the Ghana Investment Promotion Act (Act 865), which prohibits foreigners from engaging in retail business in the country. The Eastern Regional Vice Chairman of GUTA, Samuel Aikins, in an interview with the media said that the lack of enforcement of the GIPC law is having a detrimental impact on local businesses in the…

25 Oct

All Shops To Be Closed On Saturday Only – GUTA To Members

wontumionlineBusinessDr. Joseph Obeng, GUTA

The Ghana Union of Traders Association (GUTA) has noted that the closure of shops ahead of the preparation of the final funeral rites of the late queen, Naa Dedei Omaedru III has been revised to only Saturday, October 28, 2023. In a press release sighted by GhanaWeb Business, President of GUTA, Dr Joseph Obeng, said the decision of the traditional leaders to reduce the closure period from three days to one day demonstrates the commitment of the chiefs to balancing cultural traditions with the economic needs of the community. He therefore urged all traders within the Accra environs to fully comply with…

24 Oct

SSNIT Must Ensure Safety Of Local Markets, Help Makola Fire Victims – GUTA

wontumionlineBusinessFire Outbreak, GUTA, Market women

The Ghana Union of Traders Association (GUTA) has criticized the Social Security and National Insurance Trust (SSNIT) for putting up a market with inadequate structural planning for traders in the central business district. This comes after a fire gutted Accra’s Makola Shopping Mall over the weekend, resulting in the destruction of approximately 200 makeshift structures. Items including jewelry, perfumes, wigs, cosmetics, hair products, and dresses worth millions of Ghana cedis were consumed by the late-night inferno. Fortunately, there were no reported casualties, although the cause of the fire remains unknown. Speaking toCiti News during an inspection tour of the market, the…

22 Sep

Restructure Your System To Bring Fairness – GUTA To GRA

wontumionlineBusinessDr. Joseph Obeng, GRA, GUTA

The Ghana Union of Traders (GUTA) has asked its members to resist any form of harassment and intimidation from officers of the Ghana Revenue Authority. President of GUTA, Dr. Joseph Obeng, in an interview on Frontline on Rainbow Radio 87.5 FM, alleged that the GRA intercepted their cargo in transit from Accra to other regions on allegations of undeclaration of goods. He alluded to the Ashanti Regional Branch’s concerns about GRA officers’ constant harassment and intimidation of traders in the region. He stated this after their cargoes had passed through the necessary clearance processes at the port of Tema and…

12 Sep

Kumasi: GUTA Threatens Mass Protest Over Alleged GRA Extortion

wontumionlineBusinessGUTA, GUTA Strike

Members of the Ghana Union of Traders (GUTA) in the Ashanti region have reiterated their decision to stage a massive demonstration if the government and all relevant stakeholders do not take immediate and decisive measures to address what they describe as ongoing discrimination and intimidation by officials of the Customs Division of the Ghana Revenue Authority (GRA). The group has thus issued a two-week ultimatum to both the government and the Customs Division of the GRA to find a permanent solution to their concerns. If their demands are not met within this timeframe, they have threatened to close their shops…

09 Aug

GUTA Lauds Government For Inclusion Of Traders In Affordable Housing Scheme

wontumionlineBusinessDr. Joseph Obeng, GUTA

The Ghana Union of Traders Association (GUTA) has expressed gratitude to the government for the inclusion of traders as part of the beneficiaries targeted in the national affordable housing scheme for low and middle-income earners in the country. A statement issued by the Union noted that given the current housing deficit in Ghana standing at around 2.0 million units, traders can now heave a sigh of relief with an opportunity to own their respective houses. “The idea, therefore is in the right direction because shelter is one three basic human needs. GUTA wishes to express its appreciation to the banks…

03 Aug

Increased Port Tariffs By GPHA Unacceptable – GUTA Laments

wontumionlineBusinessDr. Joseph Obeng, GUTA

The Ghana Union of Trader of Association (GUTA) is kicking against what it describes as astronomical increases in port tariffs that have been announced by the Ghana Ports and Harbours Authority (GPHA). President of the Union, Dr Joseph Obeng, in a statement said the announcement comes as a surprise to its members who have been severely impacted from the effects of increased taxes and levies introduced in recent times. He further noted that the recent decision by the GPHA is unacceptable as it would influence increases in shipping line charges amid the current economic challenges plaguing the country. “We call…

02 Aug

I Am Disappointed By The Mid-Year Budget – GUTA President

wontumionlineBusiness2023 Mid-Year Budget Review., GUTA

The GUTA President, Dr Joseph Obeng has expressed disappointment at the 2023 mid-year budget. According to him, despite the fact that no new taxes were introduced, they expected some existing ones to have been scrapped or the rates reduced. “The budget did not touch on the high cost involved in doing business, no revision on taxes, high interest rate and high inflation issues have not been solved. Inflation from 53% to 42% is not acceptable, nothing has changed, there is no new thing in the budget,” he said. Speaking in an interview on TV3’s Ghana Tonight, July 31, Dr Obeng…