Ghana: Why Business Fail in Ghana?

Industry watchers say business failure occurs when a company is unable to pay its creditors, shareholders and suppliers as a consequence of a national economic crisis reflected in some macroeconomic variables such as high unemployment, declining gross domestic product, declining foreign direct investment and inadequate income distribution.

The recent revelation that some multinational companies are leaving the shores of Ghana is really worrisome news, more so at a time when the country is…