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FG delegation to visit Ghana to resolve trade dispute

FG delegation to visit Ghana to resolve trade dispute
May 11
00:10 2021

President Muhammadu Buhari has directed that a ministerial delegation be sent to Ghana to resolve the lingering conflict between Nigerian traders and Ghanaian authorities.

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This is the second visit to Ghana over the trade dispute within one year.

The delegation will be led by Adeniyi Adebayo, minister of trade, industry and investment.

According to a statement by Ifedayo Sayo, special assistant on media to the minister, the delegation will be made up of relevant stakeholders, and the visit will take place between May 31 and June 1.

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There have been issues involving Nigerian traders in Ghana which has lasted for months.

In 2020, shops belonging to Nigerian traders in Accra were locked up by Ghanaian authorities, who demanded evidence of their Ghana Investment Promotion Council (GIPC) registration.

For general trading, the GIPC requires payment of $1,000,000 minimum foreign equity, while registration fee is 31,500 cedis.

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Chukwuemeka Nnaji, president of the Nigerian Traders Union in Ghana, had said the humiliation of Nigerians in Ghana, “is getting out of hands”, and called for the intervention of the Nigerian government.

The Nigerian traders had also expressed concern about the security of their wares in Ghana due to the challenges, and appealed to the federal government to evacuate them to Nigeria.

However, in September 2020, after meeting with a government delegation from Nigeria, Ghanaian President Nana Kufo-Adodo had said his country will review the GIPC registration requirements.

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