Exit of multinational companies from Ghana will affect potential investors: Professor Bokpin | General news

Godfred Bokpin, an economist and professor of finance at the University of Ghana, has expressed concern about the departure of some multinational companies from the country.

The Associate Professor of Finance at the University of Ghana Business School (UGBS) lamented that the departure of multinational companies from Ghana will potentially affect other investors who will seek to come and do business here.

Ghana’s economy has forced some multinational brands to announce the ceasing of operations in the country.

After almost 20 years of operations in Ghana, French bank Société Générale has decided to withdraw from Ghana and Glovo, a prominent food delivery platform, also announced its decision to end its operations in Ghana this month despite significant investments made in the last two years to expand its services. .

Prof. Bokpin in an interview with Nana Yaa Konadu on Peace FM The midday news bulletin observed that this trend should be a concern for all Ghanaians as the exit of these companies will largely have an effect leading to job losses.

According to him, the recent exit of these companies from Ghana should be a concern to all Ghanaians because the environment is hostile and not supportive of the companies due to taxes and unreliable power supply.

Furthermore, Professor Bokpin said that this is the right time for policy makers to sit down and analyze tax regimes, especially those of local businesses, but unfortunately policy makers are thinking about winning the next elections.

Source: Prince Baffour Asamoah/Peace FM Newsroom

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