{"id":179695,"date":"2024-05-08T06:03:40","date_gmt":"2024-05-08T06:03:40","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/"},"modified":"2024-05-08T06:03:40","modified_gmt":"2024-05-08T06:03:40","slug":"societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/","title":{"rendered":"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale&#8217;s exit will hurt Ghana&#8217;s economy, worsen unemployment"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Dr. Richmond Atuahene, a banking consultant, has commended French Bank Soci\u00e9t\u00e9 G\u00e9n\u00e9rale for its decision to withdraw from the Ghanaian market, describing it as a prudent business move.<\/p>\n<p>Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, having operated in Ghana for two decades, has decided to exit the country, alongside similar exits from Tunisia and Cameroon.<\/p>\n<p>According to Dr Atuahene, the move by Soci\u00e9t\u00e9 G\u00e9n\u00e9rale may prompt other banks to follow suit, attributing the trend to the government\u2019s failure to create a conducive business environment for financial institutions.<\/p>\n<p>He said the exit of multinational companies from Ghana will tend to hurt the economy and worsen the unemployment rates of the country.<\/p>\n<p>\u201cIt is going to make our unemployment situation worse and you know, SG [Soci\u00e9t\u00e9 G\u00e9n\u00e9rale]has been in the country for twenty years and they have participated in the cocoa syndication and some other businesses but now they are going.<\/p>\n<p>\u201cIt means that they are no more there with the cocoa syndication and they are going with their taxes and so we are not going to get corporate taxes from them and so it will affect our fiscal situation.\u201d<\/p>\n<p>Furthermore, Dr. Atuahene cautioned that the departure of multinational corporations like Soci\u00e9t\u00e9 G\u00e9n\u00e9rale signals a lack of substantial economic progress, contrary to assertions made by institutions like the World Bank and IMF.<\/p>\n<p>\u201cWith all the literature that the World Bank and IMF, especially the Bretton Woods institutions saying the economy is turning around, these international banks have strong research departments and they have studied the variables that make economic indications very stable and they have seen it and they know it is not going to happen today or tomorrow. So the earlier they pack their bags, the better for them.\u201d<\/p>\n<hr\/>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dr. Richmond Atuahene, a banking consultant, has commended French Bank Soci\u00e9t\u00e9 G\u00e9n\u00e9rale for its decision to withdraw from the Ghanaian market, describing it as a prudent business move. Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, having operated in Ghana for two decades, has decided to exit the country, alongside similar exits from Tunisia and Cameroon. According to Dr Atuahene, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":169396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-179695","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Soci\u00e9t\u00e9 G\u00e9n\u00e9rale&#039;s exit will hurt Ghana&#039;s economy, worsen unemployment - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale&#039;s exit will hurt Ghana&#039;s economy, worsen unemployment - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Dr. Richmond Atuahene, a banking consultant, has commended French Bank Soci\u00e9t\u00e9 G\u00e9n\u00e9rale for its decision to withdraw from the Ghanaian market, describing it as a prudent business move. Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, having operated in Ghana for two decades, has decided to exit the country, alongside similar exits from Tunisia and Cameroon. According to Dr Atuahene, the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-08T06:03:40+00:00\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale&#8217;s exit will hurt Ghana&#8217;s economy, worsen unemployment\",\"datePublished\":\"2024-05-08T06:03:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/\"},\"wordCount\":359,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/\",\"name\":\"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale's exit will hurt Ghana's economy, worsen unemployment - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2024-05-08T06:03:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/08\\\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale&#8217;s exit will hurt Ghana&#8217;s economy, worsen unemployment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale's exit will hurt Ghana's economy, worsen unemployment - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/","og_locale":"en_US","og_type":"article","og_title":"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale's exit will hurt Ghana's economy, worsen unemployment - Ghanamma.com","og_description":"Dr. Richmond Atuahene, a banking consultant, has commended French Bank Soci\u00e9t\u00e9 G\u00e9n\u00e9rale for its decision to withdraw from the Ghanaian market, describing it as a prudent business move. Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, having operated in Ghana for two decades, has decided to exit the country, alongside similar exits from Tunisia and Cameroon. According to Dr Atuahene, the [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/","og_site_name":"Ghanamma.com","article_published_time":"2024-05-08T06:03:40+00:00","author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale&#8217;s exit will hurt Ghana&#8217;s economy, worsen unemployment","datePublished":"2024-05-08T06:03:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/"},"wordCount":359,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/#primaryimage"},"thumbnailUrl":"","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/","url":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/","name":"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale's exit will hurt Ghana's economy, worsen unemployment - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/#primaryimage"},"thumbnailUrl":"","datePublished":"2024-05-08T06:03:40+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/05\/08\/societe-generales-exit-will-hurt-ghanas-economy-worsen-unemployment\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Soci\u00e9t\u00e9 G\u00e9n\u00e9rale&#8217;s exit will hurt Ghana&#8217;s economy, worsen unemployment"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/179695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=179695"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/179695\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=179695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=179695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=179695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}