The government has expressed worry over the decision by some multinational firms to exit the Ghanaian market.
Michael Okyere Baafi, a deputy minister of trade and industry says the government has started engaging such firms to address their immediate concerns.
Over the past few months, some notable multinational companies have announced their decision to suspend their operations in the country citing varied reasons with the latest being French Bank Société Générale, marking an end to their 20-year presence in the country.
Other notable brands such as Glovo, Nivea, Jumia Foods, Unilever Ghana’s Lipton Tea, Dark and Lovely, BET 365, Game and BIC have also decided to exit the Ghanaian market sparking concerns about the possible effect on job creation and a broader economic growth issues.
However, Speaking on the Asaase Breakfast Show on Tuesday (7 May), Okyere Baafi said the engagements with these multinational firms have been good so far.
“We have started engaging some of them and I can tell you that the engagement has been good. But the long and short of the matter is that these issues or concerns are things that are not going to be permanent.”
“These are things that we are going through in the shortest possible time and we are so sure that we will bounce back and the whole economy will change. So, we have given them assurance in that area.”
“And also try as much as possible to address some of their immediate challenges in the area of competition; one or two of them raised issues about competition, ” Okyere Baafi said.
Listen to Michael Okyere Baafi in the attached audio clip below:
Reporting by Fred Dzakpata in Accra
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