Wednesday, April 06, 2016

Dumsor: No Company Has Left Ghana – Mahama
President John Mahama taking a selfie with some admirers during his tour of the Western region

Wednesday, 06 April 2016 18:22
Published in Politics

President John Dramani Mahama has dismissed claims that some private companies were deserting Ghana as a result of high tax rates and the power crises the country experienced.

In a radio interview on Takoradi based Twin City Radio on Wednesday as part of his “Accounting to the people” tour of the Western region, President Mahama said there was no shred of evidence to back the assertion that private companies were leaving Ghana.

There were public criticisms of government in the heat of the power crisis and claims that some multinational companies were fleeing Ghana for the power efficient and more conducive business climate in neighboring Ivory Coast.

But responding, President Mahama said there was something happening in the economy.
“…you would recall that recently Fitch has downgraded countries like South Africa, Brazil …and yet Ghana maintains its credit ratings. It tells you that something is happening to the economy. It is not true that businesses are folding up to go to Cote D'Ivoire, it is just a political talk, anytime I hear such claims, the question I always ask those who make that claim is, they should provide the name of a single company that has left Ghana for Cote D'Ivoire, there is none,” the President said.

He added: “Ghana's economy is the second largest economy in West Africa after Nigeria, Cote D'Ivoire is third. In my second term and by 2020, it is our plan to ensure that we run a balanced economy," he stated.

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