Mövenpick notes policy uncertainty hurts investment and growth
The Mövenpick Ambassador Hotel's General Manager, Isaac Okpoti Adjei, states that clear government policy on taxation and stable foreign exchange rates are vital for Ghana's business growth. He explains that rapid Cedi appreciation can disrupt business planning and deter investment. Mövenpick will host annual forums to foster dialogue between businesses and policymakers.
Isaac Okpoti Adjei, General Manager of the Mövenpick Ambassador Hotel, has stressed the importance of clear policy and stable foreign exchange rates for Ghana’s business environment. He made these remarks at the Mövenpick Accra Business Forum.
Mr. Adjei highlighted that clear direction on tax reform and foreign exchange management is critical to attract and keep investor confidence. He noted that volatility in the Cedi, such as last year’s rapid appreciation, causes problems for businesses. This uncertainty makes it hard for companies to plan long-term investments, as budgets based on specific exchange rates are disrupted.
The forum addressed taxation, foreign exchange fluctuations, and investment outlook. Mövenpick aims to create a platform for dialogue between businesses, policymakers, and other stakeholders. This is meant to shape policy decisions that affect Ghana’s economy.
Mr. Adjei stated that investor confidence is the main driver for growth. When confidence is high, more businesses invest, creating jobs and growth. This also boosts sectors like hospitality and tourism.
Mövenpick plans to make the Accra Business Forum an annual event. It will be held in the first quarter of each year. This will allow for ongoing talks to improve Ghana’s business conditions.
Source: StatsGH — Ghana's data-driven news platform