Business News of Tuesday, 19 November 2019Source: www.ghanaweb.comClosure of foreign retail shops not a retaliatory measure – GUTAGUTA has accused government of dragging their feet in resolving the Ghana-Nigeria stand offThe Ghana Union Traders Association (GUTA) says the one-week ultimatum it has given government to evict foreign nationals engaged in retail trade is not a retaliatory measure to the closure of Nigerian border. According to the National Organiser of the association, the move may rather become necessary due to the result of government’s silence on the border closure adding that they will only reopen locked up shops for the foreign retailers to clear their goods. He added that the Parliamentary Select Committee on Trade earlier assured GUTA of a resolution but it has since been close to five months now without a possible resolve. Nigeria’s decision to extend border closure to January 2020On November 1, the Nigerian government announced its decision to shut its borders to all trade until January 31, 2020. On the other hand, the Nigerian authorities have claimed that the closure has resulted in ‘overwhelming success’ in the face of the country’s economy and security.

Source: GhanaWeb November 19, 2019 17:48 UTC