Audio By Carbonatix
Chief Executive of Maestro Africa Group, Francis Doku, has urged policymakers to design a tailored tax regime for the creative industry to safeguard its growth and sustainability.
Speaking at the 7th edition of Joy Prime’s Showbiz Roundtable on the theme “Taxation and the Future of Ghana’s Creative and Digital Economy”, Mr. Doku argued that the one-size-fits-all approach to taxation is stifling the sector.
According to him, industries such as food processing zones and other specialised areas often enjoy tax breaks, waivers, and even tax holidays. He believes a similar framework should be extended to the creative economy, which employs thousands of Ghanaians through its extensive value chain.
“If someone stages a production at the National Theatre, the number of people engaged is massive — from actors, dancers, and AV providers to costumers and stagehands. Cutting off such opportunities with heavy taxes means cutting off livelihoods for many more families,” he explained.
"There must be a way to properly have specialised taxes for some sectors, and I think the creative sectors," he added.
Mr. Doku stressed that the creative sector should be nurtured with policies that encourage growth, rather than being burdened with rigid tax demands that make it difficult for new entrants and businesses to survive.
He therefore called on Parliament, beyond the Ghana Revenue Authority (GRA), to review current laws and create a specialised tax regime that recognises the peculiar challenges of the creative economy while tapping into its vast potential to contribute to national revenue.
Latest Stories
-
Was Prince Harry referencing Trump in joke for Late Show sketch?
48 minutes -
Arrest over fire petition stirs public debate in Hong Kong
57 minutes -
Man who killed ex-Japan PM Shinzo Abe apologises to his family
1 hour -
Police recover $19k Fabergé egg swallowed by NZ man
1 hour -
Ireland among countries boycotting Eurovision after Israel allowed to compete
1 hour -
Grand jury declines to charge Letitia James after first case dismissed
2 hours -
Tanzanian activist blocked from Instagram after mobilising election protests
2 hours -
‘Not becoming of a president’: Somali-Americans respond to Trump’s ‘garbage’ remarks
2 hours -
More than 300 flights cancelled as Indian airline IndiGo faces ‘staff shortage’
2 hours -
Top UK scientist says research visa restrictions endanger economy
2 hours -
‘I’m not afraid of death, only poverty’ – Peter Okoye
2 hours -
‘We’re coming to save you’ – Teni on 2Face’s distress call
3 hours -
[Video] It is getting out of hand – 2Face cries out amid marital crisis
3 hours -
‘Help me’ – 2face cries out amid marital crisis
3 hours -
Why I made song for Yahoo boys – Bella Shmurda
5 hours
