The Managing Director of Security Zone Limited, Mr. Abdulai Iliasu, has asked government to grant tax holidays and other incentives to new companies to enable new companies contribute effectively to economic growth through sustained revenue to the state. “The taxes on new companies are too much. Young graduates who set up small businesses not sooner than later folds up without meeting their annual birthdays due to huge taxes,” he lamented. “It is better to exempt new companies from taxes for at least two years or more for the business to develop and gain firm footing on the turbulent market and exist to pay taxes to the state for a very long time as well as create jobs for Ghanaians, than to impose a chain of taxes on them at their infant stages to collapse or die,” he added. He made these comments during the launch of the company’s new High Definition (HD) Digital Video Recorder (DVR) and security Cameras in Accra over the weekend. Research, according to Mr. Iliasu, shows that “its newly established companies would grow our economy and nearly, all the new jobs created in the country are by firms less than five-six years old. “I am therefore calling on the government not to lay more political emphasis on old companies and businesses, but on helping and supporting new ones to take root,” Mr. Iliasu emphasized. Security Zone Limited is a digital surveillance company into the supply, installation and repairs of HD DVRs CCTV Cameras, Access Control and Assets Tracking systems in Ghana. The HD DVRs and Cameras give a very clear and crisp picture quality and support up to 24 terabyte of hard drive and e-storage. “It should not be difficult to identify a criminal on a CCTV system due to blurred pictures, Mr. Iliasu explained. He said crime had become so sophisticated that it was important for households, commercial buildings like banks, warehouses, hospitals and other security sensitive facilities to be secured by CCTV security systems. “For instance, the wave of baby theft in our hospitals is alarming and it is as a result of lack of CCTV security systems in them, hospital authorities should take security in the hospitals seriously,” he further explained. Mr. Abdulai Iliasu also described the unfortunate situation of the non-functioning of the CCTV Surveillance system at Parliament house since 2009, and added that “it is a serious security breach and must not be allowed to happen to any state institution of importance and whoever is responsible must be rebuked for that lapse.” He said the company would continue to partner with reliable companies like, Wooju Security Company Limited in Korea to provide quality and affordable digital surveillance and security products and services to government and the private sector. Source: Myjoyonline.com/Ghana