{"id":185429,"date":"2024-05-31T16:29:13","date_gmt":"2024-05-31T16:29:13","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/"},"modified":"2024-05-31T16:29:13","modified_gmt":"2024-05-31T16:29:13","slug":"majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/","title":{"rendered":"Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Alexander Afenyo-Markin<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>The Majority caucus in Parliament has responded to the criticisms from the Minority regarding the government\u2019s tax waivers to companies under the One-District-One-Factory policy.<\/p>\n<p>The Minority had raised concerns over the $300 million in tax exemptions granted to 42 firms, citing potential negative impacts on the country\u2019s economy.<\/p>\n<p>However, during a press conference in Accra on Thursday, May 30, 2024 the Majority Leader, Alexander Afenyo-Markin, defended the government\u2019s actions by pointing out that the previous administration led by Mahama had approved an even larger tax waiver in 2016. According to Afenyo-Markin, the Mahama government granted a hefty tax waiver of $982 million to Meridian Port Services, which was later reduced to $832 million due to the intervention of the then minority NPP members on the Finance Committee.<\/p>\n<p>Afenyo-Markin criticized the previous administration for what he referred to as \u201cthe most outrageous tax giveaway ever seen in Ghana\u201d and highlighted the intervention of minority NPP members to reduce the amount.<br \/>He emphasized that the company, Meridian Port Services, was exempted from corporate income tax for 10 years and received a reduced corporate tax rate for an additional five years. Additionally, the company enjoyed tax benefits on dividends to shareholders for two decades.<\/p>\n<p>The Majority Leader called for similar benefits to be extended to indigenous businesses and urged Parliament to address the issue.<br \/>He stated that the tax waivers play a critical role in stimulating economic growth and attracting investments to the country.<\/p>\n<p>In 2021, the Ministry of Finance initiated processes to secure approximately $335,072,712.13 in tax exemptions for 42 companies under the One District One Factory initiative. Sentuo Oil Refinery Limited emerged with the highest tax exemption figure of $164,633,012.00.<\/p>\n<p>The debate over tax waivers continues to spark discussions within Parliament as both sides present their arguments regarding the impact and necessity of these incentives for businesses operating under government policies.<\/p>\n<p><strong>By Vincent Kubi<\/strong><\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Alexander Afenyo-Markin \u00a0 The Majority caucus in Parliament has responded to the criticisms from the Minority regarding the government\u2019s tax waivers to companies under the One-District-One-Factory policy. The Minority had raised concerns over the $300 million in tax exemptions granted to 42 firms, citing potential negative impacts on the country\u2019s economy. However, during a press [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":152365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-185429","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>Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament - 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\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Alexander Afenyo-Markin \u00a0 The Majority caucus in Parliament has responded to the criticisms from the Minority regarding the government\u2019s tax waivers to companies under the One-District-One-Factory policy. The Minority had raised concerns over the $300 million in tax exemptions granted to 42 firms, citing potential negative impacts on the country\u2019s economy. However, during a press [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-31T16:29:13+00:00\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament\",\"datePublished\":\"2024-05-31T16:29:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/\"},\"wordCount\":319,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/\",\"name\":\"Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2024-05-31T16:29:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/31\\\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/","og_locale":"en_US","og_type":"article","og_title":"Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament - Ghanamma.com","og_description":"Alexander Afenyo-Markin \u00a0 The Majority caucus in Parliament has responded to the criticisms from the Minority regarding the government\u2019s tax waivers to companies under the One-District-One-Factory policy. The Minority had raised concerns over the $300 million in tax exemptions granted to 42 firms, citing potential negative impacts on the country\u2019s economy. However, during a press [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/","og_site_name":"Ghanamma.com","article_published_time":"2024-05-31T16:29:13+00:00","author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament","datePublished":"2024-05-31T16:29:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/"},"wordCount":319,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/#primaryimage"},"thumbnailUrl":"","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/","url":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/","name":"Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/#primaryimage"},"thumbnailUrl":"","datePublished":"2024-05-31T16:29:13+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/05\/31\/majority-caucus-hits-back-at-minoritys-criticism-of-tax-waivers-in-parliament\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Majority Caucus Hits Back At Minority\u2019s Criticism Of Tax Waivers In Parliament"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/185429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=185429"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/185429\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=185429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=185429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=185429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}