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Parliament waves tax for 4 companies under 1D1F
Parliament yesterday approved request by the government for tax waivers to four companies under the One District One Factory initiative.
The package included import duties, import Value Added Tax, Ghana Education Trust Fund (GETFund) levy, Import National Health Insurance Levy and Export and Import (EXIM) levy.
The companies are Camelot Ghana Limited (US$347,174), Favour 01 Limited (US$131,988), Gee’s Fresh Point Limited (GHC48, 369) and LK International Company Ghana Limited (US$2,284,831).
Areas of the economy where the companies are expected to operate include production of non-alcoholic beverages, tricycle assembling, security printing and processing and packaging of birds.
The request for waiver laid in the House on May 26, 2020, was in accordance with Article 174(2) of the Constitution.
Presenting the Finance Committee’s report on the waiver, Chairman, Dr Mark Assibey-Yeboah said the move was in line with government’s efforts to industrilise the country.
The report, a copy of which the Ghanaian Times has said in part that “considering the benefits to be derived from the projects, the Committee is of the view that the requests will go a long way to boost government’s flagship 1D1F programme.”
According to the report, some of the benefits of the projects would include increased employment, reduction in post harvest losses of fruits by providing alternative market, increased export earnings and increased fruit production in the country.
The report said Camelot Ghana Limited’s main business was the printing of security documents and continuous forms.
“The company offers the printing of cheque books, bankers’ drafts, share certificates, dividend warrants and certificates, lottery tickets of various types and continuous and cut sheet stationery, preprints for laser printers, electoral ballot papers-standard and special size and many more,” it said.
Located in Tamale, LK International Company Limited assembles tricycles and other related products for distribution on the local market and countries in the ECOWAS sub region such as Burkina Faso, Togo, Cote d’Ivoire, Benin and Mali.
Favour 01 Limited, the report said is a limited liability company under the Companies Code of Ghana, 1963 (Act 179) and is located at Ayikuma in the Shai Osudoku District in the Greater Accra Region.
Gee’s Fresh Point Limited, the Committee reported is a gender sensitive organisation working with NGOs like WUSC, FARM RADIO, and GIZ towards empowering women through capacity building programmes and creating ready markets for women poultry farmers.
A member of the Committee, Benjamin Kpodo, urged that government to track the intended mission of the firms to ensure that they lived up to the billing.
BY JULIUS YAO PETETSI
News
President Mahama confers with Niger Head of State
President John Mahama continued his visit to West African states in pursuit of Ghana’s long-standing foreign policy of good neighbourliness.
On Sunday, he travelled to Niamey, Niger to hold talks with General Abdourahamane Tchiani, President of the National Council for the Safeguard of the Homeland.
The two leaders held closed-door meetings and later an expanded bilateral meeting with their delegations in the presidential palace.
A communique issued after the engagements confirmed that discussions focused on enhanced security cooperation in the Sahel and West African region to combat terrorism, improved and unimpeded trade between the two countries, and strengthening bilateral ties.
President Tchiani raised the need for collaboration and recognition of the Alliance of Sahel States by the Economic Community of West African States (ECOWAS), with President Mahama emphasising the need for greater collaboration to fight terrorism, which threatens not only the Sahel region but also countries further down towards the coast.
Mr Mahama used the occasion to thank his Nigerien counterpart for sending a delegation to his inauguration on January 7, 2025, noting that Ghana and Niger have for many decades cooperated in the areas of trade as Ghana imports many agricultural products from Niger.
News
Stonebwoy’s electrifying London concert : A Story of Resilience and Triumph
London came alive as one of Ghana’s finest musical exports, Stonebwoy rocked thousands at the Up and Running Tour concert held at the O2 Shepherd’s Bush Empire.
The show opened with Stonebwoy emerging in silhouette form, standing atop a riser.
The shadowed figure created an air of mystery, leaving the crowd eager to see the man behind the shape.
As the opening notes of his song “Hero” filled the venue, the lights dramatically revealed him now fully visible — wearing a striking ensemble that told a deeper story.
Stonebwoy’s attire was no accident he wore a tattered jacket, Rick Owens pants and Balenciaga footwear adorned with chains.This look wasn’t just fashion; it symbolized resilience.
The torn clothes represented the negativity, criticism, and adversity he’s faced as a visual metaphor for the attempts to tear him down.
The chains further amplified this, reflecting the weight of judgment and challenges placed upon him.
Despite it all, there he stood proud, powerful, and still standing tall as a hero for his people.
The transition into up and running set:
In a powerful shift, Stonebwoy’s second set began from the upper level of the crowd, this time dressed in pristine white.
This transition was a statement no matter how much negativity is thrown his way, no matter how hard people try to break him, he remains true to his purpose: uplifting and inspiring his fans.
His presence among the crowd symbolized his unwavering connection to the people, a reminder that his journey, his struggles, and his triumphs are all for them.
