Government’s District Industrialisation Project, otherwise known as the ‘One District, One Factory’ initiative, has received a GH¢1 billion support package from GCB Bank. Ray Sowah, Managing Director of GCB Bank, who made the announcement yesterday in Accra at a forum organised by the Ghana National Chamber of Commerce (GNCC) on the policy, said his outfit … Read more
The Minister of Trade and Industry, Alan Kyeremanten, has disclosed that, the government is willing to invest not more than 30 percent equity, if required, in any of the proposed “One District One Factory” projects. According to the Trade and Industry Minister, investing only 30 percent equity in its flagship policy initiative, is to ensure … Read more
Taxes that were abolished as announced by the Minister of Finance, Ken Ofori Atta in his 2017 budget presentation before parliament are woefully inadequate to positively impact on private business operations, Chief Executive Officer, Ken Kwamena Thompson noted. Describing the tax cuts as ‘Kakamotobe’, meaning ‘masquerade’ Mr. Thompson asserted the removal of duties imposed on … Read more
The Chief Executive Officer (CEO) of Dalex Finance, Mr Kenneth Kwamina Thompson, has said the impact of about eight out of 12 tax incentives introduced in the 2017 Budget Statement and Government Economic Policy is negligible to the development of the private sector. Describing the incentives as tax relief “masquerade,” he said the eight included … Read more