The leadership of the Ghana Union of Traders’ Associations (GUTA) has cautioned Ghanaian traders against fronting for foreign nationals seeking to operate in the retail sector.
GUTA leadership insists that the new Ghana Investment Promotion Authority (GIPA) law has provisions dealing with fronting and warned that Ghanaians found assisting foreigners to circumvent the law could face serious consequences.
President of GUTA, Clement Boateng, urged Ghanaian traders to desist from the practice, warning that enforcement operations would resume.
He reiterated the call during the GUTA National Executive tour of the Ashanti Region, where the association engaged traders in Kumasi to identify challenges affecting their businesses.
According to him, the issue of foreign nationals operating in the retail trade remains the major concern raised by traders across the regions visited by the GUTA national executives.
The leadership of the Association has intensified calls on authorities to strictly enforce the new Ghana Investment Promotion Authority law to address the continued involvement of foreigners in Ghana’s retail trade.
The GUTA President said the association will continue its engagements with the relevant authorities to ensure effective enforcement of the new GIPC law, which was recently signed by President John Dramani Mahama.
“We want to advise our brothers and sisters who have been fronting for these foreigners that the new act has taken care of fronting, and so whoever is caught fronting for foreigners will have him or herself to blame when he or she is caught.
“Sooner or later the tax force will embark on its operation, and when you are caught, the law will deal with you severely,” he said.
Source: CNR
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