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Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses - Business (5) - Nairaland

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Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by TheMan3: 10:31am On Sep 25, 2018
BedLam:
I wanted to start a company in Ghana, this company would have kicked off with initial capital close to 100k USD but they told me the smallest capital required for foreigners is 500k USD! And you have to pay some duties that will be about 50k USD, I knew this was one of the reasons the country ain't developing that fast , considering Ghana has a fairly stable democracy. They aren't investor friendly at all. It is not as if the Govt is providing loans for Ghanaians to start businesses, no way.

Just so you know, with 250k USD you can invest in Turkey and get a citizenship!
they need investors but they drive them away.. that's foolishness
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by BedLam: 10:39am On Sep 25, 2018
TheMan3:
they need investors but they drive them away.. that's foolishness

It is funny, with the expensive living standards and next to peanut wages.

1 Like

Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by JacksonOyibo: 11:06am On Sep 25, 2018
smiley
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Blakjewelry(m): 11:12am On Sep 25, 2018
alizma:

oga are you blaming Ghanaians or Nigerians who lost focus after sending Ghanaians away in most embarrassing way? what is more embarrassing than wearing the "Ghana most go" tag?
we should thank God if Ghanaians eventually decided not to pay us back in our coin by sending us away in a more polite manner.
actually I wish not only Ghana but countries should send us home, maybe atleast that will wake us up from this hibernation we are in now
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Ugosample(m): 11:20am On Sep 25, 2018
ifyalways:
They don't want foreigners doing retail. It applies to all nationals. Import to Ghana but leave small scale business for Ghanaians, how hard can that be? Serious Governments implement such laws . It's in place in Kenya, Rwanda etc. No retail business for foreigners, deal with it!!
Way to go Ghana cool


Keep your lawlessness to your country. Your leaders have refused to look out for their citizens, don't blame Ghana for that.. The other day a boy was asking/planning to go to Accra to do mai chai by the roadside. Ridiculous. I must travel by force to go pollute countries trying to better themselves. Please I applaud Ghanaian govt . If you have no money for wholesale and bulk importing, come back home let's vote in the right people and make Nigeria great.
you have a point tho
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Ugosample(m): 11:24am On Sep 25, 2018
TheMan3:
shut up. I do business in Kenya and Ghana and Nigeria. It's not true. Don't say what you don't know. Nigerians pull out of Ghana today, their economy will crumble the next day

If only Ghana can see the positive side of this and attract even more investors form Nigeria and other African countries, collect appropriate taxes, in the next few years they will be like Dubai

what rubbish are you saying? ?

you think you are the only one that travels and does businesses in these countries?

Their law forbids foreigners in doing retail trade, for good reason, so on that basis, the businesses they run are illegal

The Nigerian govt allows all sorts of rubbish in Nigeria, but not all governments are like that.

I was shocked to even see Nigerians trying to wrestle the mobile money business from them in Cape coast undecided when it's clear that it's illegal to do so undecided

Let us try to be law abiding where we go

3 Likes

Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by izuzu: 11:25am On Sep 25, 2018
Maol:
The National Association of Nigerian Traders on Monday stormed the Economic Community of West African States’ secretariat located in Abuja to protest the alleged closure of shops belonging to Nigerians in Ghana.

The protest, which began at about 9:30am, partially paralysed activities at the ECOWAS Secretariat.

The protesters marched through the streets of Yakubu Gowon Way in Asokoro, a development that led to traffic gridlock in the area.

The protesters carried placards with various inscriptions such as: ‘We need ECOWAS intervention’, ‘Ghana, re-open Nigeria’s shops now’, ‘ECOWAS, the situation in Ghana is totally unacceptable’, and ‘Ghana wants AfCTA secretariat but clamps down on African traders’, among others.

Speaking during the protest, the President, NANT, Ken Ukaoha, said that the association was protesting the alleged victimisation of Nigerian businessmen in Ghana.

He stated that the development had got so bad that a law was recently passed by the Ghanaian parliament seeking to make the business environment hostile to foreign investors.

Ukaoha said since Ghana was a signatory to the ECOWAS protocol on free movement of goods and services, there was a need for the commission to caution the government of Ghana.

Source and more:
Traders seek ECOWAS intervention as Ghana shuts 400 Nigerian businesses http://www.sanwomi.com/2018/09/traders-seek-ecowas-intervention-as.html

AS soon as I saw the caption, I read through waiting to see an Igbo name,and sure enough, HE IS THEIR PRESIDENT!!.
We must give it up to this tribe in Nigeria when it comes to business.

BTW,Youths on this platform should rise above petty and stupid bigotry and nepotism. It has become a virtual war! Leave it to thoughtless and uncivilized elders/leaders and lets build a better nation.
I AM A THOROUGH YORUBA,BORN AND RAISED!

1 Like

Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Ugosample(m): 11:26am On Sep 25, 2018
ifyalways:

Thank you o

Visit the travel section and read up on some West African travel threads and you will be amazed. People that have no business travelling all want to travel. Imagine spending 150K to travel to Accra with the plans of selling noodles by the roadside? cheesy

you don't mean it shocked shocked

on which thread was that
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Baroba(m): 11:33am On Sep 25, 2018
[quote author=bantudra post=71504983]computer village is mostly run by igbos...and that place is even illegal sef too....

you igbos always think you deserve better treatment than others....nonesense....

play according to the laws of the nation you are in or get lost....[/quote

Shut the f**k up, maybe you need to travel out of your tiny hamlet, then you will understand all Nigerians are into buisness not just Igbos.. Anuofia, did you actually read the article?.., dense iddiot..
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by ariesbull: 11:33am On Sep 25, 2018
I don't want to go tribalistic buy when Yoruba chased Ghana away during their Ghana must go saga in Lagos ...what do you expect now all Nigerians in Ghana are facing it
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by davillian(m): 11:45am On Sep 25, 2018
They are only returning a favour in a more matured way.
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Ugosample(m): 11:55am On Sep 25, 2018
BedLam:
I wanted to start a company in Ghana, this company would have kicked off with initial capital close to 100k USD but they told me the smallest capital required for foreigners is 500k USD! And you have to pay some duties that will be about 50k USD, I knew this was one of the reasons the country ain't developing that fast , considering Ghana has a fairly stable democracy. They aren't investor friendly at all. It is not as if the Govt is providing loans for Ghanaians to start businesses, no way.

Just so you know, with 250k USD you can invest in Turkey and get a citizenship!

that is why you should come and invest in ivory coast grin

You will not regret it

All you need as minimum capital is 1000000XOF or in some specialised instances if you want to go public, 10,000,000 XOF

And the best part is that restrictions are almost non existent.
it is the perfect investors paradise, and many many of us are swooning there.......


The only thing is that the work ethic of these people are just like the gh folks

to me its civ over gh anytime

But I srikk like gh tho
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by rabzy: 12:03pm On Sep 25, 2018
ariesbull:
I don't want to go tribalistic buy when Yoruba chased Ghana away during their Ghana must go saga in Lagos ...what do you expect now all Nigerians in Ghana are facing it

Is it compulsory to comment...when you know next to nothing

1 Like

Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by AreaFada2: 12:10pm On Sep 25, 2018
bantudra:



you cant await from them to open their market to you completly because of ecowas.....not even eu does that....

and how many ghanaians do you nigerians hire sef when you open shops in ghana....??

Well, whatever is open to anyone, it should be clearly known. Anything wrong with that? I believe Nigerians there only offer what Ghanians need. Or is it Australians who patronise those Nigerian retailers? shocked shocked shocked

If Ghanian retailers had saturated those sectors Nigerian retailers trade in, Nigerians, typically Igbo businessmen, are very savvy and won't go in.

People of a certain age like me, have seen how economic fortunes of countries change. Both in Ghana and Nigeria. So what we think is to punish Nigerians today can turn around next time, we have seen that before. It was Busia expelling Nigerians first from 1969 to 1971, later it was FG expelling foreigners (of which many, but not majority, were Ghanians) in 1983. It took only 12 to 14 years for the tables to turn then.

In a way the Ghana action could be a good thing in disguise. A serious Nigerian leader should address growing poverty at home, reduce Nigerians going abroad other than for leisure, education or serious business. For now Nigeria is putting diplomacy & Africa First Policy before Nigerian citizens. It Should be Nigerians FIRST. Africa has nothing to offer Nigerians. Most are poor, and very envious of Nigerians generally. If it's not "they are taking our women", "it's they are all criminals". As if there is any country where everyone or even 25% are criminals.

Not many African countries would even like Nigeria to be great. We Africans do not love ourselves to that point. It is only lip service. We MUST help and depend on ourselves only. When your country works, even if people do not like you, they will at least respect you.

Even now, not that those Nigerian traders in Ghana cannot make enough money in Nigeria. But Nigerians like to explore new opportunities.

1 Like

Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Just30: 12:21pm On Sep 25, 2018
TheMan3:
to the best of my knowledge i dont know any restrictions for ghanian business in Nigeria. As a matter of fact you don't even know the unless they tell you they are Ghanaians. Every one to their own hustle, no discrimination
Ghanaian cement companies cannot market their produce in Nigeria
Ghanaian flour Mills cant sell their produce in Nigeria
Ghanaian cannery companies cant access the Nigerian market because you guys cant stand competition

Here you are playing the victim card
ECOWAS was supposed to ensure free trade
you cant ban countries from accessing your market and expect them to open theirs for you

Next will be, severe restrictions on Nigerian Banks in Ghana
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by BedLam: 12:26pm On Sep 25, 2018
Just30:
Ghanaian cement companies cannot market their produce in Nigeria
Ghanaian flour Mills cant sell their produce in Nigeria
Ghanaian cannery companies cant access the Nigerian market because you guys cant stand competition

Here you are playing the victim card
ECOWAS was supposed to ensure free trade
you cant ban countries from accessing your market and expect them to open theirs for you

Next will be, severe restrictions on Nigerian Banks in Ghana
Bring facts. If you cant access the market it means you are not competitive. Why do others access the market. What's stops you from marketing your cement when dangote is marketing his in Ghana? You are joy saying the truth. There is no restriction at all.
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Itsky: 12:29pm On Sep 25, 2018
hyfr:
Ghana must go
Nigeria must go

One good turn deserves another
sometimes, google through history.ghana must go was engineered by ghanian govt. It wasn't about hatred.
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by BedLam: 12:29pm On Sep 25, 2018
Just30:
Ghanaian cement companies cannot market their produce in Nigeria
Ghanaian flour Mills cant sell their produce in Nigeria
Ghanaian cannery companies cant access the Nigerian market because you guys cant stand competition

Here you are playing the victim card
ECOWAS was supposed to ensure free trade
you cant ban countries from accessing your market and expect them to open theirs for you

Next will be, severe restrictions on Nigerian Banks in Ghana
Just another example to show how clueless you are; where is kasapreko? Aren't they Ghanaians? But origin drove them out of the market. What about burger peanut? You said Ghana businesses aren't allowed to market here and I just gave you an example.
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Just30: 12:38pm On Sep 25, 2018
BedLam:
Just another example to show how clueless you are; where is kasapreko? Aren't they Ghanaians? But origin drove them out of the market. What about burger peanut? You said Ghana businesses aren't allowed to market here and I just gave you an example.
do you even know how long it took Kasapreko before it could enter the Nigerian market
it basically had to result to smuggling it products through
which even cost them more.

Just say you have no idea what it mean to move products across borders or sea ports
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by BedLam: 12:44pm On Sep 25, 2018
Just30:
do you even know how long it took Kasapreko before it could enter the Nigerian market
it basically had to result to smuggling it products through
which even cost them more.

Just say you have no idea what it mean to move products across borders or sea ports
My friend, if they can't move product from border, whose fault? Was burger peanut a big company? Your argument is not valid.
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by cooltola(m): 12:46pm On Sep 25, 2018
The greatest problem with Nigerians is hypocrisy. Ghana now can tell Nigerian to go back to Nigeria. Ghanaian have learnt their lessons and working hard to be better. Keep voting for madmen into office, soon Togo, Chad,Niger will start deporting Nigerians.

1 Like

Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by emmie14: 1:11pm On Sep 25, 2018
niceprof:
More like Ghana shuts down Igbo businesses,knowing fully well that the Nigerian Government will not respond.These are some of the reasons why they will keep on agitating for a sovereign nation if not for any reason ,but for protectionism(retaliation),sadly enough the Nigerian Government has not addressed this dimension of the agitation.
cosmetics in makola market was dominated by Yoruba women. I don't know about now. Building materials by igbos. Exchange by Hausas. Nigerian representatives aboard are useless and as lame as our government back home.

1 Like

Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Just30: 1:44pm On Sep 25, 2018
BedLam:
My friend, if they can't move product from border, whose fault? Was burger peanut a big company? Your argument is not valid.
you have no idea

so just keep quiet as we do your businesses the very same thing your authorities do to ours
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by TheMan3: 1:49pm On Sep 25, 2018
Just30:
Ghanaian cement companies cannot market their produce in Nigeria
Ghanaian flour Mills cant sell their produce in Nigeria
Ghanaian cannery companies cant access the Nigerian market because you guys cant stand competition

Here you are playing the victim card
ECOWAS was supposed to ensure free trade
you cant ban countries from accessing your market and expect them to open theirs for you

Next will be, severe restrictions on Nigerian Banks in Ghana
it's is your economy that will suffer bit Nigeria.
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Just30: 1:57pm On Sep 25, 2018
TheMan3:
it's is your economy that will suffer bit Nigeria.
grin grin grin grin
where did you hear petty traders making an economy suffer?

Its the Nigeria economy that will suffer because there would be a slowdown
The Ghanaian market will get cleaner
no more counterfeit products
No more rubbish from Nigeria
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Just30: 2:01pm On Sep 25, 2018
TheMan3:
it's is your economy that will suffer bit Nigeria.
whiles we've place a ban on waste
your kind manage to smuggle them into Ghana through Nigeria.
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by TheMan3: 2:08pm On Sep 25, 2018
Just30:
whiles we've place a ban on waste
your kind manage to smuggle them into Ghana through Nigeria.
why are you Ghanaians so bitter against Nigerians. Just listen to what you just said .. So much bitterness
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by BedLam: 2:24pm On Sep 25, 2018
Just30:
you have no idea

so just keep quiet as we do your businesses the very same thing your authorities do to ours
Typical. I have no idea but your brain is filled with ideas that are falling...making it heavy. So tell us na. Why burger peanut is in Nigeria.
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by wizzzmike: 2:55pm On Sep 25, 2018
Just30:
whiles we've place a ban on waste
your kind manage to smuggle them into Ghana through Nigeria.

Ghana hate Nigeria like how? When reading and understanding common law is difficult for you guys would say hatred wtf. Retail business are not for foreigners that's the only thing you guys don't understand. fvck ecowas bull sh!t you guys are talking about

1 Like

Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by Ironi: 3:04pm On Sep 25, 2018
BedLam:
I wanted to start a company in Ghana, this company would have kicked off with initial capital close to 100k USD but they told me the smallest capital required for foreigners is 500k USD! And you have to pay some duties that will be about 50k USD, I knew this was one of the reasons the country ain't developing that fast , considering Ghana has a fairly stable democracy. They aren't investor friendly at all. It is not as if the Govt is providing loans for Ghanaians to start businesses, no way.

Just so you know, with 250k USD you can invest in Turkey and get a citizenship!

Why don't you invest in Nigeria ?

Nigeria has a population of over 180M and good natural resources, there is money in Nigeria way more than Ghana and yet you want to go and compound their problem.

Invest your money in Nigeria or go to Turkey and leave the Ghanaians alone.

1 Like

Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by paix(m): 3:48pm On Sep 25, 2018
hyfr:
Ghana must go
Nigeria must go

One good turn deserves another
Payback time you might say, after 36 years.
Re: Traders Seek ECOWAS Intervention As Ghana Shuts 400 Nigerian Businesses by oodualover: 3:58pm On Sep 25, 2018
sircrabo:


Did you think b4 typing? Ibos run computer village, and so what? Did anyone stop the yorubas from running Comp Villa? The Ibos come to do business, make money and build plazas within the market and all the Yorubas (owners of the land) do there is to be Touting and extorting (Agbero), as a matter of fact the real big guys in those markets are Ibo guys. they make money and build houses within your Cities and not clamouring for Ranching.

Ibos Control Comp Villa, Alaba, aspanda, Trade fair, Ladipo market... shut those market down for 48hrs and see how much Lag will loose.

Channel your hatred for Ibos to some other subject and not Commerce Or Get lost too
You dont control computer village. They are lies

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