• Short Summary

    Ghana's National Assembly on Tuesday (June 23) gave unanimous support for a new bill aimed at putting the control of a large sector of commerce and business into Ghanaian hands.

  • Description

    Ghana's National Assembly on Tuesday (June 23) gave unanimous support for a new bill aimed at putting the control of a large sector of commerce and business into Ghanaian hands. The new legislation will put small enterprises run by aliens out of business.

    The retail trade will be most affected by the new legislation, with businesses run by Lebanese, Syrians and Indians being hardest hit.

    Officials estimate that the new bill will eventually result in about 600 foreign-owned businesses being taken over by Ghanaians. Many of the owners have already started winding up operations, though the Bill does not become effective until the beginning of August.

    The businesses affected all have an annual turnover of less than half a million new Cedis (GBP200,000 sterling). Enterprises with a larger annual turnover will have to take out a special licence to continue operating.

    A second phase of the Bill, due to come into force next year, will prohibit aliens from operating certain "reserved enterprises" including commercial transportation, bakeries, printing and publicity.

  • Tags

  • Data

    Film ID:
    VLVA3E7X7S7A3RKQW92IN3NHZG7PE
    Media URN:
    VLVA3E7X7S7A3RKQW92IN3NHZG7PE
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    26/06/1970
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:16:00
    Time in/Out:
    /
    Canister:
    N/A

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