The Canadian High Commissioner to Ghana, Myriam Montrat, has expressed concern over the outgoing government’s delayed payments to international companies, warning that it could harm Ghana’s international reputation and deter foreign investment.
During a meeting with President-Elect John Dramani Mahama in Accra on Friday, High Commissioner Montrat highlighted the importance of timely payments in maintaining investor confidence and fostering economic growth.
“I do think that one of the things that will be helpful is ensuring that companies are being paid on time because that is also another factor that has been a huge deterrent—having to fight to get the money that has been owed,” she remarked.
She urged the incoming administration to address the issue promptly, emphasizing that resolving payment delays would enhance Ghana’s reputation as an attractive destination for foreign businesses while strengthening diplomatic and economic relations.
Mahama Acknowledges Concern
President-Elect John Dramani Mahama acknowledged the High Commissioner’s concerns, noting that Canada was not the only country to raise the issue of delayed payments.
“You are not the only country to raise the issue of payments. I met the American ambassador, and she also raised payments to international companies that have done work,” Mahama said.
He assured the High Commissioner that his administration would prioritize addressing these challenges to restore Ghana’s credibility with international partners and ensure a conducive environment for investment.
The issue of delayed payments has become a critical point for the new administration to tackle, as Ghana seeks to strengthen its economic standing and attract sustained foreign investment.
Source: TheDailyInsight
