In recent times, several multinational companies have exited Ghana due to various challenges, including economic hardships and the unstable business environment. The following is a list of some notable companies that have left Ghana in recent years:

• Glovo, a delivery service provider, will no longer operate in Ghana starting May 10, 2024. This decision stems from challenges in profitability and the overall tough business environment in Ghana. The company aims to focus its resources on the 23 other countries where it.

• Nivea, a skincare brand, ceased its operations in Ghana in Dec 2023 due to high operational costs and taxes. This move was part of their strategy to streamline operations and prioritize markets with sustainable growth opportunities.

• Jumia Foods, an e-commerce platform, shut down its food delivery division in December 2023 due to unfavorable market conditions and economic challenges, including significant financial losses.

• Unilever Ghana relocated its tea production operations from Ghana to Nigeria in March 2024, citing ongoing economic difficulties in Ghana as the reason for the relocation.

• Dark and Lovely, a haircare brand, exited the Ghanaian market citing economic challenges and rapid changes in the beauty industry.

• BET 365, an online betting company, withdrew from the Ghanaian market due to an unsustainable tax burden and regulatory challenges.

• Game, a South African retailer, closed its branches in Accra and West Hills malls in 2022 due to financial struggles as part of a strategic decision by its parent company.

• BIC, a pen production company, moved its operations from Ghana to Ivory Coast in March 2024 due to economic challenges.

• Wilmar Africa Limited producers of Frytol said it is shutting down its operations in Ghana over operational difficulties.

These departures have not only affected job creation and Ghana’s Gross Domestic Product (GDP) but also broader economic growth.