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.
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.
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.