Tax Incentives has been promised to Ghanaian Companies that join the 24-hour economy policy.
John Dramani Mahama, the flagbearer of the National Democratic Congress (NDC), has promised to provide tax incentives to Ghanaian companies that join his 24-hour economy policy when he emerges victorious in the upcoming presidential election.
Ghanian Companies That Join The 24-Hour Economy To Get Tax Incentives: More from the Politician
According to Mahama, the NDC government plans to make arrangements for companies that operate the 8:00 a.m. to 6:00 p.m. shift to employ more youth so they can also work during nighttime.
He mentioned that this initiative is already being executed in Europe and the USA, and the government would like to implement it in Ghana as well.
He allayed the fear of insecurity, assuring that the government is ready to provide maximum security for the workers.
Mahama continued that any company or working force that joins the 24-hour economy policy and only makes “Made in Ghana goods” will get a tax reduction.
He mentioned that in Ghana, the government possesses the biggest budget of all businesses, and if different businesses and factories choose to make only “Made in Ghana” products and employ more youths in their workforce, the government is ready to use its spending power to improve the economy, making sure that the companies and factories earn more to pay and employ more workers.
He concluded that companies and factories that join the 24-hour economy won’t pay the normal rate that other companies will be paying for electricity power when they operate during the night.
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