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.
GV Street scene
SV People in shop
CU Shop sign "Elies J. Sallum"
SV Shop people
SV Shop sign TILT down to entrance
SV Ghanaian boy sitting at shop entrance
SV Workers sorting out material
GV Workers in store room
SV Women looking at cloth
GV PAN..Market scene
GV Shop "Bonsu Brothers"
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GV PAN..cars along street
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Background: 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.