Traders in the capital Accra have shut their shops in protest of what they say is unfair competition from foreign investors in the sector.

Shop owners at Abbossey Okai where vehicle spare parts are sold, have closed their shops.

A number of foreign investors are reportedly operating in the retail sector which is reserved for Ghanaians, except for investors who are able to make investments above the amount of $300,000.

The action is being lead by the Ghana Union Traders Association (GUTA).

Speaking to Joy News, the National Organizer of GUTA, Mr. Joseph Obeng says they are determined to fight their cause and ensure their members remain in business.

The traders are meeting their leaders on Tuesday November 14, 2007 at the Opera Square in Accra to deliberate on the next line of action.