{"id":184027,"date":"2024-05-20T13:17:58","date_gmt":"2024-05-20T13:17:58","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/20\/full-list-of-42-beneficiary-companies\/"},"modified":"2024-05-20T13:17:58","modified_gmt":"2024-05-20T13:17:58","slug":"full-list-of-42-beneficiary-companies","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/20\/full-list-of-42-beneficiary-companies\/","title":{"rendered":"Full list of 42 beneficiary companies"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The Ministry of Finance in 2021, began processes to secure approximately $335,072,712.13 tax exemptions for some 42 companies under the government\u2019s One District One Factory initiative.<\/p>\n<p>The Exemptions Act, 2022 (Act 1083) was laid in Parliament by the former Minister for Finance, Ken Ofori-Atta, in 2022.<\/p>\n<p>Below is the full list of the forty-two companies awaiting to benefit from the exemptions, with newly established Sentuo Oil Refinery Limited having the highest figure of $164,633,012.00<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1049294 size-full\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/05\/WhatsApp-Image-2024-05-20-at-08.43.21_cc119331.jpg\" alt=\"\" width=\"971\" height=\"1280\"  \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1049295 size-full\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/05\/WhatsApp-Image-2024-05-20-at-08.43.21_38c6155c.jpg\" alt=\"\" width=\"1080\" height=\"503\"  \/><\/p>\n<p>The One District One Factory (1D1F) initiative is the vision of President Nana Addo Dankwa Akufo-Addo to change the nature of Ghana\u2019s economy from one which is dependent on the import and export of raw materials to one that is focused on manufacturing, value addition and export of processed goods.<\/p>\n<p>The initiative, as proposed by President Akufo-Addo, is private sector-led. The government creates the necessary conducive environment for businesses to access funding from financial institutions and other support services from government agencies to establish factories.<\/p>\n<hr\/>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Finance in 2021, began processes to secure approximately $335,072,712.13 tax exemptions for some 42 companies under the government\u2019s One District One Factory initiative. The Exemptions Act, 2022 (Act 1083) was laid in Parliament by the former Minister for Finance, Ken Ofori-Atta, in 2022. Below is the full list of the forty-two companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":184028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-184027","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Full list of 42 beneficiary companies - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/05\/20\/full-list-of-42-beneficiary-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Full list of 42 beneficiary companies - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Finance in 2021, began processes to secure approximately $335,072,712.13 tax exemptions for some 42 companies under the government\u2019s One District One Factory initiative. 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