Canadian Ambassador to Ghana, Miriam Montrat, has expressed concerns about delayed payments to foreign firms by the incumbent government, urging President John Mahama to address this to enhance Ghana's investment appeal. She also highlighted that unfavorable conditions are driving some foreign firms to consider leaving the country.

Montrat emphasized that timely payments and an investor-friendly environment are crucial for attracting and retaining foreign investment, which is essential for Ghana's economic growth and development.
In her remarks, the Ambassador underscored the importance of establishing a stable and predictable business climate. She pointed out that the delayed payments not only strain the financial health of the affected companies but also undermine the confidence of potential investors looking to enter the Ghanaian market.
Montrat urged the Mahama's administration to take actions to resolve these issues, emphasizing that a proactive approach would signal a commitment to creating a more conducive environment for business operations.
Furthermore, Montrat highlighted the broader implications of these challenges on Ghana's economic reputation. She warned that if these concerns are not addressed promptly, it could lead to a negative perception of the country's business climate, potentially deterring future investments.
By prioritizing the resolution of these payment delays and improving overall business conditions, Ghana can strengthen its position as an attractive destination for foreign investment, ultimately benefiting its economy and citizens.
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