Samsung to pull out of Ghana, if…

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images (12)The minority New Patriotic Party (NPP) in parliament has alleged that mobile phone manufacturer, Samsung may pull out of Ghana if government imposes new taxes on imported mobile phones.

Addressing the media in Accra on Tuesday minority leader in parliament, Osei Kyei Mensah said companies like Samsung may halt moves of setting up plants in Ghana if government goes ahead with the move. 

“We are losing our competitiveness in the sub-region; Just two weeks ago when government came out with this tax on [mobile] handsets, we are told Samsung wanted to locate in Ghana in the sub-region and use Ghana as a hub…’’

“ But immediately they [Samsung] sent their agents to come to me for the bill and now there is inertia on their path; as a country we are losing our competitiveness and if we are not careful we will cascade further downwards.’’

Samsung has announced it intends to build an assembling plant in the country in a few years but according to the minority in parliament moves by government to introduce taxes on imported phones may push out companies like Samsung which will be one of many that will be severely affected when the law is passed.

However, government said the move is to protect the local industry and also make up for revenue shortfalls experienced in the first quarter of this year.



ABOUT: Nana Kwesi Coomson

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A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow (YALI) who studied at Clark Atlanta University on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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