Companies that exited Ghana under Akufo-Addo are returning due to economic stability – Abdul Razak Chacha

Share on Twitter Development Policy Analyst, Abdul Razak Chacha, has claimed that some companies which left Ghana during the Akufo-Addo administration are returning to the country following improvements in economic stability under President John Dramani Mahama.

Speaking during a panel discussion on Angel FM’s ‘Anopa Bofo’ on Wednesday, November 11, Mr Chacha cited companies including Big Pen, Nivea, Lipton and Game 360 as some of the businesses that allegedly exited the Ghanaian market due to economic instability under the previous government.

“During the Akufo-Addo government, companies were running away from the country because of how unstable the economy was,” he said.

According to Mr Chacha, these companies have been able to return to the country again because the Mahama administration has put in efforts to stabilise the economy.

He argued that the companies were not only returning but were also creating employment opportunities for Ghanaians.

“But now, all these companies are running back because the Mahama government has stabilised the economy. They are back and even employing Ghanaians.”

Mr Chacha described the development as part of the government’s efforts to establish a stable economic foundation for its proposed 24-hour economy policy.

He maintained that the government was committed to delivering on its promises, insisting that it had not come into office to deceive Ghanaians.

“That is called the stabilisation of the foundation of the 24-hour economy. We didn’t come to deceive Ghanaians,” he added.

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