1D1F 2021: Gov’t grants GHc590m tax exemptions to Letap, Kasapreko, Keda, others

Efo Korsi Senyo
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Efo Korsi Senyo
Managing Editor
Efo Korsi Senyo is the Founder and Executive Editor for AN Network - publishers of Awake News, Awake TV and Awake Africa Magazine. He founder Awake...
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Finance Minister, Ken Ofori-Atta

The government of Ghana says under its District -One -Factory Programme, it has granted five hundred and ninety million Ghana Cedis to thirty-seven companies as of September 2021.

Top among the companies are some already existing and well-established companies like Kasapreko Company which received GHc155,743,535; Letap Pharmaceuticals Ltd GHc93,666,243; Keda Ghana Ceramics Company Ltd GHc75,152,024 and GHc7,309,786.

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Some of the companies which are foreign own are said to have to receive various amounts.

This revelation is coming at the time to there is a huge public debate and disapproval of the government’s proposed 1.75% levy on all electronic transactions above GHc100. Parliament has since rejected the budget calling for the removal of the e-levy.

The government hopes to raise an amount of GHc1billion annually to support its activities or risk going to the IMF.

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Many Ghanaians have argued that the highest amount the government can raise from the said e-levy is ₵776million which is close to what it has given some companies as tax exempt under is 1D1F.


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Efo Korsi Senyo is the Founder and Executive Editor for AN Network - publishers of Awake News, Awake TV and Awake Africa Magazine. He founder Awake in 2012 and served as the Chief Editor until 2022. He is a businessman and investigative journalist. Email: talktosenyo@gmail.com
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