The Alliance for Development and Industrialization, (ADI), has described as irresponsible a statement by the Minority in Parliament demanding how much the government has lost so far through tax waivers under the 1D1F programme.
“The minority is just acting out of immaturity and extremely irresponsible. What the minority should understand is that a waiver is given as at when a company is ready to establish a factory in the shores of Ghana which includes tax exemptions, tax holiday periods of up to five years among others,” according to a statement issued in Accra and signed by Francis Acquah, the acting executive President of ADI.
According to the statement, the minority is not acting professionally with regard to the ethics of business promotion.
“If you are looking at the long term of the economy anybody who brings a business under the umbrella of 1D1F program should be supported through such incentives since this would help to grow our economy as well as create jobs for the youth in the country”.
The statement explained that the concept of the 1D1F is just similar to the Ghana Free Zone Companies and the Ghana Investment Promotion Centre, where supports such as tax incentives are given to companies who want to establish their businesses here.
The minority should check from the GIPC and Ghana Free Zone Board if there is any capping on waivers that the government gives to companies as an incentive for them to establish here in Ghana.
“What the Minority is demanding from the government is just like asking Free Zone Board how much tax exemptions are you going to offer this year,” the statement said.
There are currently 45 of the One District One Factory projects operational out of 181 projects already on the drawing board, according to Deputy Minister of Trade and Industry, Robert Ahomka-Lindsay.
Aside from 22 of the 181 projects, which are under construction, the remaining projects are set to commence implementation before the end of 2019.
The projects set to commence by the end of 2019 include small scale processing facilities, common user processing facilities financed from sources ranging from local private finance initiatives (PFIs), African Development Bank (AfDB) and CNB facility.
Source: David Appiah, Peacefmonline/Ghana
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NDC as party does not in any way mean well for Ghana. They are self-seeking group of people who seek political power to create, loot and share. Even their own founder has given up on them. Initiative meant to transform this country and were in parliament blowing hot air. I pray the Almight God put them in opposition forever.
The minority is trying to change the narrative from "1D1F is not possible" to "it's costing too much". Isn't it shameful? They lost the argument What they couldn't do, they want to smear it with mud.
All the NDC knows is 'make the people poor and rule them forever with GHc5.00 in match boxes. CREATE, LOOT & SHARE PERTY (NDC)!
What do they ndc know? where have they been to know what is good? when you get drunk with ogoglo and sleep and snore what vision are you going to get? the only vision ndc get from their drunkenness is 3ny3 yie, meaning it is impossible for anything good to happen in Ghana! what wrong did we do to deserve such people as leaders? us*eless opposition! PPP please get organised and well organized to give Ghana the largest opposition party in Ghana with sense! ndc must be buried in Ghana they don't belong here!
No wonder you guys would remain in opposition for long
You said 1D1F is not happening. Now that it is happening yu are crying about tax rebate. Aaaba