This comes on the back of the Speaker of Parliament, Alban Bagbin, announcing before Nigeria’s House of Representatives a review of the GIPC Act 2013, Act 865 that bars foreigners from partaking in retail trade. This is to facilitate regularization of the businesses of affected Nigerian retail traders in the trade impasse.”“Equally commendable is the special concession to be applied to a requirement for a payment of 0.5 stamp duty. He believes the move will further worsen the plight of Ghanaian retailers who are already struggling to make ends meet in the retail trade sector. This law pulled the brakes on Nigerian retailers overtaking our markets. The decision caused a clash between Ghanaian traders and Nigerian traders leading to the arrest of some persons involved while others were badly injured.

Source: GhanaWeb July 13, 2021 10:41 UTC