The long-standing dispute between Ghanaian retail traders and Nigerians engaged in similar activities in Ghana is set to end soon.
The disputes have arisen because although retail trading activities flout local investment laws, they are allowed under ECOWAS protocols.
Goldstreet business Reports indicate that last week, the Ghanaian and Nigerian governments agreed to make a special law that would facilitate trade and address the crisis that has lingered between both countries.
Speakers of the Parliament from the two nations Femi Gbajabiamila (Nigeria) and Alban Sumana Bagbin (Ghana) disclosed this during a press conference after a closed-door meeting held in Abuja.
As the head of the Ghanaian delegate, Mr Bagbin said a consensus had already been reached through a special mechanism that would prevent a recurrence of the conflicts that have occurred between traders from both nations over the past decade.
A special committee comprising selected lawmakers from Ghana and Nigerian is to work in alliance to enact the Ghana-Nigeria Friendship Act.
Through the Act, the joint committee would eventually establish the Ghana-Nigeria Business Council, in a deliberate move to foster good business interaction and friendship between the two countries.