Cabinet has approved incentive packages, including tax waivers to support government’s One District, One Factory (1D1F) campaign promise.
The Finance Minister Ken Ofori-Atta disclosed this to parliament while presenting the mid-year budget review on Thursday.
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According to him, Cabinet decision to approve the packages is to attract more private sector investments in support of the programme.
“In order to attract more private sector investments in support of the 1D1F programme, Cabinet has approved incentive packages, including tax waivers, which will be presented to Parliament for approval,” he said.
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The Minority in Parliament appears to have run out of patience with the government over the yet-to-be-fulfilled 1D1F campaign promise.
In more than a year after winning power, the minority says there is not a single factory to point to despite the assuring promises by the government to build at least 50 factories in its first year.
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But the Finance Minister indicated that the Ministry of Trade and Industry has received 781 expressions of interest, out of which 632 have been reviewed and 332 identified for financial support.