The Ghana Union of Traders Associations (GUTA) has issued a warning of nationwide demonstrations should the government fail to take decisive action against the increasing infiltration of foreigners into the domestic retail sector. The Association argues that retail trading is explicitly reserved for Ghanaian citizens under national law and laments the growing disregard for this […]
Tag: GUTA
‘Prices will only fall if gains are sustained’ – GUTA boss defends market response
The president of the Ghana Union of Traders’ Associations (GUTA) says the reason prices of goods remain high despite the cedi’s recent gains is that the traders don’t trust that the gains will last. Dr. Joseph Obeng, speaking on JoyNews’ PM Express on Monday, May 12, said traders have been cautious because of what they’ve experienced in […]
‘Adjust prices with immediate effect’ – GUTA to traders as cedi gains strength
The Ghana Union of Traders’ Associations (GUTA) is calling on traders to cut prices in response to the recent appreciation of the cedi. In a brief but firm statement, GUTA appealed to the trading community to reflect the currency gains in their pricing. “We wish to appeal to the trading community to adjust prices of […]
GUTA rejects increased utility tariffs, demands accountability
The Ghana Union of Traders’ Associations (GUTA) has opposed the recent increase in utility tariffs approved by the Public Utilities Regulatory Commission (PURC). GUTA argued that the reasons for the tariff hike are unjustified, citing systemic inefficiencies, corruption, and mismanagement within the utility sector as the primary issues. This was contained in a statement signed […]
2025 Budget welcoming, gov’t has shown good intentions – GUTA president
The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has described the 2025 Budget Statement and Economic Policy as welcoming. This comes after the Finance Minister in the 2025 budget presentation announced the abolition of several taxes, including the Covid-19 levy, Betting Tax and E-Levy. In an interview on Joy FM‘s Newsnight […]
2025 Budget: GUTA calls for tax cuts, currency stability, and cost reductions
The Ghana Union of Traders’ Associations (GUTA) has expressed cautious optimism ahead of the government’s 2025 Budget Statement, emphasising the need for significant reforms to reduce the cost of doing business. The Association welcomed assurances from the new administration to streamline the tax system and cut down taxes, duties, and levies, which have long been […]
GUTA calls for immediate withdrawal of 5% excise tax on plastic manufacturing companies
The Ghana Union of Traders Association (GUTA) has demanded the immediate withdrawal of the 5% Excise Tax imposed on plastic manufacturing companies to prevent their collapse. In a press release on Wednesday, July 3, the Union’s Secretary General, Alpha Shaban, stated, “We do not want to believe government is being insensitive to the plight of […]
Bedbug infestation at Presec, Legon: LCB Worldwide Ghana Limited and GUTA Step in for rescue
Accra, October 21, 2023 – In a joint effort to combat the bedbug infestation at Presbyterian Boys Senior High School (Presec, Legon), renowned crisis management company LCB Worldwide Ghana Limited and the Ghana Union of Traders Association (GUTA) have taken decisive action. Yesterday, on October 21, 2023, LCB Worldwide Ghana Limited conducted an extensive fumigation […]
GUTA strike suspended
The Ghana Union of Traders Association has suspended its strike action. This is contained in a press release signed by the General Secretary of the Association, Alpha A. Shaban. According to the release, the decision comes on the back of a meeting with the King of the Ga State, Mantse Nii Tackie Teiko Tsuru II […]
GUTA urges members to close shops over inflation
The Ghana Union of Traders Association (GUTA), has urged its members in Accra to close down their shops from Wednesday till Monday, October 24, 2022. The move is to protest against rising inflation, depreciation of the Ghana Cedi and high lending rate due to an increase in the policy rate by the Bank of Ghana. […]
GUTA suspends planned protest to lock shops
Members of the Ghana Union of Traders Association have halted their initial intention to close shops from Monday in protest against what they say were unfavorable government policies affecting private businesses. GUTA did the u-turn after a crunch meeting between its leadership and the Council of State, led by its chairman, Nana Otuo Siriboe II. […]
After fumigating market centres in Greater Accra and Eastern regions, LCB Worldwide takes free fumigation exercise to Central Region
Highly acclaimed crisis management company, LCB Worldwide Ghana Limited and the Ghana Union of Traders Association (GUTA) has taken the Market Centres Fumigation project to Cape Coast, the Central Regional Capital. The fumigation train stopped in Cape Coast on Saturday January 29, 2022. As was the case with the Abossey Okai Spare Parts Market in […]