The government is actively encouraging French businesses in Ghana to remain committed to their operations despite the current tax challenges, emphasizing efforts to create a more favorable environment for foreign investors.
Finance Minister Dr. Mohammed Amin Adam, speaking at the Annual Cocktail event with the French business community and the launch of the France-Ghana Economic Report 2023-2024 at the French Ambassador’s residence in Accra, addressed the concerns raised by French investors about tax pressures and alleged harassment by some Ghana Revenue Authority (GRA) officials.
In his remarks, Dr. Amin Adam reassured the French Chamber of Commerce that the government has taken concrete steps to address their grievances, emphasizing that creating a stable, predictable, and investor-friendly environment is a top priority.
“I want to appeal to you to stay committed to Ghana because we are addressing all the issues you’ve raised with me,” he stated, adding that the government recognizes the vital role of foreign investment in Ghana’s economic development and is committed to reducing regulatory barriers that may hinder business growth.
Highlighting specific actions, Dr. Amin Adam mentioned that the government had responded directly to concerns by removing tax officials who had been allegedly harassing businesses, signaling a zero-tolerance stance toward such actions.
“We’ve had to withdraw all the tax collectors who were reportedly engaging in harassment from those operational areas, and you will no longer see them there,” he assured, underscoring the government’s focus on transparency and fairness in its interactions with investors.
He further noted that the government is reviewing existing tax policies to find a balance that ensures sustainable revenue for national development without overburdening businesses.
The launch of the France-Ghana Economic Report 2023-2024, attended by key stakeholders in Ghana’s investment landscape, reflects the government’s commitment to strengthening bilateral ties and supporting French companies in navigating any challenges they face in Ghana.
In closing, Dr. Amin Adam appealed for continued trust and patience, highlighting ongoing reforms intended to address investor concerns and create a resilient economic environment that benefits both Ghana and its foreign partners.
“Our aim is to foster a business-friendly climate where international businesses feel secure and valued, and where their contributions to Ghana’s economy can thrive. We’re here to support you as partners in progress,” he emphasized.
