Societe Generale, Glovo, and other multinational companies that have left Ghana

Since 2022, unstable economic conditions in Ghana have prompted many international corporations to relocate their operations.

As a result, several well-known multinational companies have ceased operations in Ghana, citing strategic realignment and unfavourable operating conditions.

The delivery service provider announced its exit from the Ghanaian market, effective May 10, 2024, due to profitability challenges and a difficult business climate.

The company stated, "Whilst we recognise the potential of the Ghana market, building a stronger position and achieving profitability would require substantial investment over an extended period.

In March 2024, Unilever Ghana relocated its tea production operations from Ghana to Nigeria, citing ongoing economic challenges in Ghana.

The online betting company withdrew its operations from the Ghanaian market, citing an unsustainable tax burden and regulatory hurdles as reasons for its departure5

The popular pen production company moved its operations from Ghana to Ivory Coast in March 2024, citing economic challenges as the reason for the relocation.