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How a hotel was designated as 1D1F and granted $4 million tax exemption

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How a hotel was designated as 1D1F and granted $4 million tax exemption By: Victoria Enyonam Adonu Date: August 21, 2023 SHARE:   The Le Meridien hotel project, which 4-mac Limited received US $ 4 m tax waiver in December 2022. In December 2022, Parliament granted a US$4 million tax waiver under the One District (1D1F), One Factory programme to 4-Mac Limited, a company that is building a hotel at Airport Residential in Accra.  The waiver is to cover import bills and other import-related taxes of the company. The company also received a five-year tax holiday. The parliamentary approval followed a request from the Ministry of Finance dated July 25, 2022. The ministry initially sought approval for almost US$6.4 million in import tax relief for the construction of the four-star, Le Meridien hotel.  The 160-room hotel is expected to open its doors to customers in 2025. An artistic impression of the Le Meridien Hotel project at the Airpot Residential area. The M
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GHANAIANS ARE LOOKING UP TO US- JOHN MAHAMA

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Former President John Dramani Mahama has reiterated his call on executives of the National Democratic Congress (NDC) across all levels of the party to work hard between now and December 2024 to ensure that the NDC’s victory in the polls is emphatic.  Addressing branch and constituency executives on the first day of his campaign in the Bono East Region, Mr. Mahama said “Ghanaians are looking up to us, the NDC, to win power and save them from their present predicament of hardship, high living cost, lack of critical infrastructure in their communities among others”.  Mr. Mahama who is campaigning to lead his party to the next election told his audience in many of the constituencies visited that he will “work hard for Ghana and the people of Ghana” when elected President in 2024.  The John Mahama Campaign on Friday visited a total of six (6) constituencies to meet and interact with the branch and constituency executives. He is, today, visiting the remaining five constituencies before headi
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I'm not reckless – Akufo-Addo

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  According to the President, his government has been accountable with regard to how it spends monies borrowed.  Delivering the State of the Nation Address on Wednesday, March 8, President Akufo-Addo said his government only spent money on things that are urgent and necessary.  “Mr Speaker, let me state emphatically that we have not been reckless in borrowing and in spending. It is worth noting that the debts we are servicing were not only contracted during the period of this administration. “Mr Speaker, we have spent money on things that are urgent, to build roads and bridges and schools, to train our young people and equip them to face a competitive world,” the President said.  However, President Akufo-Addo added that there is a lot government needs to do.  With this, he thus courted the support of the citizenry to ensure the development of the country.  “Considering the amount of work that still needs to be done on the state of our roads, the bridges that have to be buil
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