Kumasi – More than 200 Nigerian businesses in the Kumasi area of Ghana were allegedly shut down by Ghanaian authorities for inability to meet requirements, Vanguard reports.
The Ghanaian authorities require foreign businessmen to have at least $300 000 capital and employ Ghanaians. Nigerian businessmen said that their auto parts stores were just small enterprises and they could not meet the requirements.
It was also claimed that the reason for the clamp down was a condition that required foreign businessmen to supply goods to Ghanaians and allow them up to three months to pay. A Nigerian businessman commented that it was difficult because Ghanaians often failed to pay up.
Read more at Vanguard