A task force to check and monitor activities of non-Ghanaian retailers in the Brong Ahafo Region was Thursday inaugurated in Sunyani.
This comes in the wake of complains by some Ghanaian retailers that foreign nationals are taking over their retail business.
Section 18 of the Ghana Investment Promotion Centre (GIPC) Act, 1994 (Act 478) reserves retail trading exclusively for indigenous operators. Foreigners who wish to engage in trading activities in Ghana are required under the act to invest a minimum of $300,000 and employ not less than ten Ghanaians.
The Brong Ahafo Regional Inter-Agency Task Force is mandated to enforce the provisions of the Ghana Investment Act (1994) to ensure that foreign businessmen in the region comply with it.
Inaugurating the Task Force, Deputy Brong Ahafo Regional Minister, Eric Opoku advised non-Ghanaian traders to make the necessary arrangements to comply with the relevant provisions of the act adding that government is only committed to attracting the right form and kind of foreign direct investment.
Membership of the task force is drawn from the Ministry of Trade and Industry, Ghana Union of Trade Associations (GUTA), Ghana Revenue Authority and the Ghana Immigration Service. Others are from the Ghana Police Service, Social Security and National Insurance Trust (SSNIT) and the Registrar General’s Department.
Hon. Eric Opoku charged GUTA to work effectively to identify culprits and aid other members of the task force to function effectively.