The Ghana Union of Traders’ Associations (GUTA) has voiced alarm over the swift expansion of Chinese‑owned shopping malls across the country, claiming they now command an estimated 60 per cent of the retail market and are exerting pressure on Ghanaian traders.
GUTA President Clement Boateng said the growing presence of these malls, many of which are situated within established trading centres, is having a detrimental impact on local commerce. He urged the authorities to investigate the trend and assess its implications for domestic businesses.
Speaking on Joy News’ PM Express on Thursday, November 5, Boateng noted that while macroeconomic indicators were pointing in a positive direction, the proliferation of Chinese malls was creating a difficult environment for local operators. "If you all look at the microeconomic indices, one will say that they are all pointing to a very positive direction and definitely supposed to have a bearing on whatever activities that, as traders, we perform," he said.
He warned that the malls were allegedly taking about 60 per cent of the market share, a figure he believes is harming local businesses. Boateng also expressed concern that profits generated by the malls would be repatriated abroad, whereas thriving local enterprises would keep earnings within Ghana.
GUTA’s concerns add to the broader debate over competitive pressures facing Ghanaian traders as foreign‑owned retail outlets expand their presence. While the association has called for regulatory scrutiny, Boateng did not outline specific measures he wants the government to introduce.
The association’s remarks come as Ghana’s retail landscape continues to evolve, with foreign investment playing an increasingly prominent role. Authorities will need to balance encouraging investment with protecting local commerce to ensure sustainable growth for all stakeholders.
