{"id":74199,"date":"2024-05-27T09:36:27","date_gmt":"2024-05-27T09:36:27","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez"},"modified":"2024-05-27T10:21:10","modified_gmt":"2024-05-27T10:21:10","slug":"our-major-problem-is-the-influx-of-chinese-businesses-guta-prez","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez","title":{"rendered":"Our major problem is the influx of Chinese businesses \u2013 GUTA Prez"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has bemoaned the influx of Chinese retail businesses into the Ghanaian economy, calling for the amendment of the country\u2019s labour laws.<\/b><\/p>\n

He said approximately local businesses have lost about 40 percent of the market share to the Chinese, emphasising that local businesses only import 20 percent whilst foreign companies take a huge chunk of 80 percent of goods imported into the country.<\/p>\n

Speaking on Sunday, May 26, Dr. Obeng further attributed the rapid depreciation of the local currency to these foreign business owners with huge capital to import large containers of goods compared to their Ghanaian counterparts.<\/p>\n

He also argued that Chinese businesses should not be allowed to import into the country their parent companies in China but rather bring their capital into the country to meet certain threshold before those businesses are permitted to import.<\/p>\n

\u201cNow our major problem is with the Chinese and we are going to go on them seriously,\u201d he told Keminni Amanor, host of Hot Issues.<\/p>\n

\u201cThe Chinatown and China Mall, these Chinese companies here and all that are taking a chunk of our business over 40%.\u201d<\/p>\n

Moreover, Dr. Obeng dismissed the notion that local businesses overpriced their goods rendering customers no option but to go in for the Chinese business.<\/p>\n

\u201cThat is what you normally say but it is psychological because you know that we go to China to buy the goods and so once they\u2019re here to make their supermarket and wholesales and all that then you think that your are also going to China [Mall] to buy your goods. The consumer, but they are taking advantage of you, they are not serving you quality even the price is not that low that you think and yet psychologically they all troop to the China Mall, Chinatown, go there and see the cars.<\/p>\n

\u201cAnd now they even trade on Sundays, they are taking it all,\u201d he lamented.<\/p>\n

He added, \u201cThat is why we tell government that the forex issue, the depreciation of the cedi can be attributed to these group of people because they do not bring the correspondent fund of capital to Ghana.\u201d<\/p>\n

Source: 3News<\/b><\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has bemoaned the influx of Chinese retail businesses into the Ghanaian economy, calling for the amendment of the country\u2019s labour laws. He said approximately local businesses have lost about 40 percent of the market share to the Chinese, emphasising […]<\/p>\n","protected":false},"author":84,"featured_media":74198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[5092,5096,429],"class_list":["post-74199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nOur major problem is the influx of Chinese businesses \u2013 GUTA Prez - Ghana<\/title>\n<meta name=\"description\" content=\"The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has bemoaned the influx of Chinese ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our major problem is the influx of Chinese businesses \u2013 GUTA Prez\" \/>\n<meta property=\"og:description\" content=\"The President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has bemoaned the influx of Chinese ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-27T09:36:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-27T10:21:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1716792406.421145.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Our major problem is the influx of Chinese businesses \u2013 GUTA Prez\",\"datePublished\":\"2024-05-27T09:36:27+00:00\",\"dateModified\":\"2024-05-27T10:21:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez\"},\"wordCount\":385,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1716792406.421145.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/our-major-problem-is-the-influx-of-chinese-businesses-guta-prez\",\"name\":\"Our major problem is the influx of Chinese businesses \u2013 GUTA Prez - 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