Don’t quit Ghana - Finance Minister appeals to French Investors

Accra, Ghana - Nov 9, 2024 - The Ghanaian government has extended an olive branch to the French business community, urging them to reconsider relocation plans despite the current tax environment.

Finance Minister Dr. Mohammed Amin Adam reassured members of the French Chamber of Commerce that efforts are underway to alleviate undue pressure and harassment by some Ghana Revenue Authority (GRA) officials.

Speaking at the Annual Cocktail event with the French business community and the launch of the France-Ghana Economic Report 2023-2024, Dr. Amin Adam encouraged French businesses to remain patient and committed to Ghana. He highlighted government measures aimed at supporting and sustaining foreign investments.

Government Measures to Support Foreign Investors:

- Resolving Tax Issues: Addressing concerns related to taxes and harassment by tax collectors
- Withdrawal of Alleged Harassers: Removing tax collectors accused of harassing businesses from centers of operation
- Improved Business Climate: Creating a more favorable environment for foreign investors

Dr. Amin Adam emphasized that the government is addressing all issues raised by the French business community.

“I want to appeal to you to continue to stay in Ghana because we are addressing all the issues that you have raised with me. Issues relating to taxes and harassment of businesses by tax collectors, you will notice have been resolved.

 "We've had to withdraw all the tax collectors who were allegedly harassing businesses... and so you won't see them anymore," he stated.

This move aims to boost investor confidence and demonstrate Ghana's commitment to attracting and retaining foreign investment. By addressing concerns and creating a more conducive business environment, the government hopes to foster continued growth and cooperation between Ghana and French businesses.

Source: Lead News Online