The government is appealing to French businesses to reconsider any decisions to relocate their operations out of the country due to the current tax landscape.
Finance Minister Dr. Mohammed Amin Adam assured the French business community that the government is actively addressing their concerns to foster a more supportive environment for foreign investors.
Speaking at the Annual Cocktail event with the French Chamber of Commerce and during the launch of the France-Ghana Economic Report 2023-2024, held at the French Ambassador’s residence in Accra on Friday, Dr. Amin Adam acknowledged the challenges faced by foreign businesses, including reports of undue pressure and harassment by some Ghana Revenue Authority (GRA) officials.
He emphasized that steps are being taken to address these issues and to ensure a fairer, more predictable tax system.
Dr. Amin Adam urged French businesses to stay invested in Ghana, assuring them of the government’s commitment to creating a more conducive business climate.
He highlighted ongoing reforms aimed at improving the ease of doing business, reducing bureaucratic hurdles, and ensuring better collaboration between the government and the private sector.
“The government is committed to resolving these concerns to make Ghana a more attractive destination for foreign investment,” Dr. Amin Adam stated.
He called on the French business community to remain patient and continue their operations in the country, as their presence is seen as crucial to Ghana’s economic growth and development.
The event served as a platform to strengthen economic ties between France and Ghana, with Dr. Amin Adam reaffirming the government’s dedication to supporting foreign enterprises and promoting a stable, investor-friendly environment
“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 from those centres of operation, and so you won’t see them anymore,” he said.