The Ghana Union of Traders Association (GUTA) has expressed strong disapproval of the government’s unilateral decision to implement a local cargo insurance directive without adequate consultation with stakeholders.
In a statement signed by Secretary-General Richard Amamoo on January 28, 2026, GUTA raised concerns over the imposition of mandatory insurance services on businesses, incomplete stakeholder engagement, and the limited competitiveness and track record of local insurers.
GUTA warned that penalising businesses for not insuring locally is unfair, especially when local insurance providers may lack sufficient capacity or experience to handle such responsibilities effectively.
The association has called on the National Insurance Commission and other relevant authorities to halt the directive’s implementation and engage stakeholders meaningfully to address these concerns.
READ ALSO:
- Bawumia can be given an equal opportunity to become President – Matthew Nyindam
- Ejisu MP alarmed over youth violence, cites unemployment as root cause
- Ground Up Chale sues Kwesi Arthur over online accusations, seeks more than GH₵10 million in damages
- Kennedy Agyapong has what it takes to create jobs – UEW Professor urges NPP delegates
