The Canadian High Commissioner to Ghana, Myriam Montrat, has raised concerns over delayed payments owed to international companies by Ghana’s outgoing government, cautioning that the issue could deter future investments and tarnish the country’s international image.
During a meeting with President-Elect John Dramani Mahama in Accra on Friday, Montrat emphasised the importance of timely payments in maintaining Ghana’s appeal as a reliable business destination.
“Ensuring companies are paid on time is crucial. It has been a huge deterrent when they have to fight for money owed to them,” she remarked.
President-Elect Mahama acknowledged the widespread nature of the issue, revealing that similar concerns had been brought up by other foreign envoys, including the American ambassador.
“You are not the only country to raise this. The American ambassador also highlighted payments owed to U.S. companies. It’s concerning to see this extend to international firms,” Mahama noted.
He pledged to address the issue, urging stakeholders to share detailed lists of affected companies to facilitate resolution.
Mahama assured the High Commissioner of his administration’s commitment to rebuilding trust and ensuring Ghana remains an attractive investment hub.
“Once we have the details, we will focus on addressing these concerns. Restoring Ghana’s credibility with international businesses is essential,” he stated.
As Ghana transitions to new leadership, addressing these outstanding debts is expected to be a priority in fostering stronger economic and diplomatic ties.