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The minority in parliament has accused the government of granting tax breaks worth more than 600 million dollars to 15 companies allegedly cronies of the ruling nuclear power plant under the One District, One Factory program.
Currently, the government is seeking Parliament’s approval for a request for exemption from import duties, import VAT, GETFund levy, NHIL and EXIM levy on machinery, equipment and raw materials that will be acquired by entities under the One program District One Factory (1D1F).
Entities applying for tax exemptions include Keda Ghana Ceramics Company Limited (exemption amount US $ 13,510,881.00); Sunda Ghana Limited (waiver amount of US $ 6,799,183.00); Happy Sunshine Company Ghana Limited (exemption amount of USD 2,770,191.00); Sinostone Alcohol Manufacturing Limited (exemption amount USD 573,520.00); Appah Farms Limited (exemption amount of US $ 278,429.00); Western Deedew Group Limited US $ 36,645.00).
The remainder are Koudjis Ghana Limited (waiver amount of US $ 32,222.00); Sunda Ghana Investment Limited (waiver amount of US $ 5,559,019.00); Zonda Sinotruk Assembly Plant Limited (exemption amount of US $ 5,109,675.00); Brompton Portfolio Limited (exemption amount US $ 4,996,170.00); Golden Africa Consumer Products Ghana Limited (exemption amount of US $ 3,091,126.00); Golden Africa Soap Industries Ghana Limited (exemption amount of US $ 2,561,664.00); GB Pharma Ghana Limited (exemption amount US $ 2,199,052.00); Beatex Enterprise Limited (exemption amount of US $ 200,626.00); and Narubiz Limited (exemption amount of US $ 25,933.00).
But speaking to Adom News on the back of the government’s request, Trade, Industry and Tourism minority deputy spokesperson Yusif Sulemana accused the government of selectivity in granting tax breaks.
He urged the government to grant such exemptions to all qualifying entities regardless of party affiliation.
The Bole Bamboi deputy also described the government’s 1D1F program as a total failure, adding that most projects are on paper and cannot be located on the ground.
