Audio By Carbonatix
Government says any decision to review the tax holidays granted multinationals entering Ghana will be carried out in the best interest of the nation.
In a bid to woo foreign investors to Ghana, a 5 year tax holiday is offered multinationals who choose Ghana as their investment destination.
On the sidelines of the just ended G8 summit, President John Mahama made it clear the tax holidays, was injurious to the state coffers, especially where such multinationals change hands every five years to evade tax.
At the daily briefings held at the Presidency, Deputy Information Minister Felix Kwakye explained although a decision is yet to be taken, there are enough safeguards to ensure the system is not abused.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Thai court acquits opposition politician accused of royal insult
7 minutes -
Google worker charged with using internal data to make $1.2m on bets
11 minutes -
The world’s carmakers are struggling to compete with China
13 minutes -
Oil prices jump after US launches new attacks on Iran
21 minutes -
French Open: Jakub Mensik collapses on court as heatwave continues
27 minutes -
‘Magician’ Gael Monfils exits final French Open
30 minutes -
Robertson close to Spurs move after Liverpool exit
37 minutes -
Pochettino defends not phoning axed US players
40 minutes -
India’s ‘unsafe’ 70ft Messi statue to be moved
42 minutes -
Crystal Palace win Conference League with sperb victorty over Rayo Vallecano
46 minutes -
Tottenham Hotspur needed ‘complete reset’, says under fire CEO
51 minutes -
Nuno to stay as West Ham boss after relegation
58 minutes -
FIFA ordered to explain World Cup ticket pricing
1 hour -
Barca agree ÂŁ69m-plus deal with Newcastle for Gordon
1 hour -
Energy Minister cautions ECG engineers against politicising their work
1 hour