The Parliament of Ghana’s delay in granting tax exemptions to 42 selected companies under the One District, One Factory (1D1F) programme is hindering the government’s efforts to attract investment and boost industrialization.
The Majority Leader, Mr. Alexander Afenyo-Markin, has criticized the delay as a deliberate move by the Minority to obstruct the government’s agenda.
The government requested Parliament to approve tax exemptions for various businesses participating in the 1D1F programme in 2021. However, the process has been impeded by extensive parliamentary delays, particularly due to demands for further deliberation and scrutiny by members of the Minority caucus.
The Minority has raised concerns about irregularities with some listed companies and their respective requested amounts in tax exemptions. While some arguments against presenting the list may have merit, the prolonged delay – now in its fourth year – raises concerns about an intentional effort to obstruct the government’s agenda.
The delays threaten to stifle industrial growth, as these exemptions are designed to reduce operational costs, making it more attractive for businesses to establish and expand their operations.
Without these incentives, affected companies may scale back their plans, leading to slower industrialization and fewer job opportunities, thereby undermining the 1D1F programme’s objectives.
Source: Apexnewsgh.com
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