Audio By Carbonatix
Deputy Finance Minister nominee, Thomas Nyarko Ampem, has clarified that the National Democratic Congress (NDC) is not opposed to the government's flagship One District, One Factory (1D1F) initiative but expressed concerns over the alarming rate at which tax exemptions were granted under the programme.
Speaking during his vetting before Parliament’s Appointments Committee, Mr Ampem highlighted issues surrounding the fairness and transparency of the tax exemption process, noting that led to the party's objections in the eighth Parliament.
“No, we are not against 1D1F, but we realised that the rate at which tax exemptions were being given out was alarming.
“We also did not feel there was a fair and scientific approach in selecting companies that would come under the 1D1F exemption regime,” he explained.
Mr Ampem, who previously served on the Finance Committee of Parliament, recalled numerous debates over exemption requests.
“I remember during committee sessions, the leader and I had several back-and-forth discussions about this. On one occasion, an exemption request we initially rejected was later resubmitted with a drastic reduction. This showed that some of the requests were inflated,” he revealed.
He further emphasised that opposition to the unchecked tax exemptions wasn’t limited to NDC members, adding that some members from the then-ruling NPP side also agreed with them.
"It was something in the interest of Mother Ghana, that we felt that we should object," he pointed out.
Latest Stories
-
Sheikh Ali Muniru remains Volta regional Imam, says National chief Imam
9 minutes -
GoldBod CEO accuses Minority of hypocrisy over Gold-for-Reserves losses
21 minutes -
Sammy Gyamfi to address alleged losses under gold for reserves programme on Jan 5
27 minutes -
BoG–GoldBod $214m hit is design failure, not market loss – Minority
38 minutes -
Festive season sees minor fires, but domestic cases hit 15–20 daily – GNFS
39 minutes -
CLGB statement on IMF-reported losses under the Gold-For-Reserves programme (G4R)
41 minutes -
Ghanaian scientist Moses Mayonu pioneers metabolomics research on the global stage
52 minutes -
Planetech Week: Israeli Innovation Sweetens Global Tables with Cherry Tomatoes
1 hour -
Minority demands answers on Bawa-Rock Limited monopoly in GoldBod deal
1 hour -
Mahama urged to upgrade Tema General Hospital as TOR begins operations
1 hour -
Three suspects gunned down as police foil robbery on Anwiankwanta–Obuasi Highway
1 hour -
Volta REGSEC holds emergency meeting after Ho Central Mosque shooting
1 hour -
Child Online Africa raises alarm over inappropriate media exposure among Ghanaian children
2 hours -
TOR requires massive capital injection to compete with newer, more advanced refineries – COPEC
2 hours -
TOR restart could influence pump prices depending on refinery’s crude sourcing- ACEP
2 hours
