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Akufo-Addo gives his in-law GH¢136.7 Billion tax exemption – ghanapublisher.com

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At a time he has compelled Ghanaians to pay more taxes to his government, President Akufo-Addo has offered a tax exemption of $23,983,033.43 to a company called Platinum Properties Limited (PPL) to put up a hotel facility in Accra.

PPL is a Special Purpose Vehicle owned and controlled by Inter-Afrique Holding Limited(IAHL) set up to put up the hotel facility called the Pullman Accra Airport City Hotel.

IAHL on the other hand is owned by Dr. Kwame Nyantakyie-Owusu, one of President Akufo-Addo’s in-laws. Kwame Nyantakyi-Owusu is married to Regina, the younger sister of Rebecca Akufo-Addo, the President’s wife.

At an exchange rate $1: GH¢5.7, this means Kwame Nyantakyi-Owusu will not be paying an amount of GH¢ 136,703, 290.55 as tax to the state following the exemption given him by his in-law.

A letter from the President dated November 13, 2019, signed on his behalf by his Executive Secretary, Nana Asante Bediatuo, who is his cousin, to the Ghana Investment Promotion Centre (GIPC) granting the tax exemption reads;

“Reference is made to your correspondence numbered LE09/37P/01 dated 8th November, 2019, seeking approval for Platinum Properties Limited to be granted strategic Investor status to enjoy exemptions from various taxes in relation to the development of the Pullman Accra Hotel and Serviced Apartments Project in Airport City, Accra (the “Project”).

I am pleased to inform you that pursuant to section 26 (4) of Ghana Investment Promotion Centre, 2013 (Act 865) and on the recommendation of the Board of Ghana Investment Promotion Centre, the President of the Republic has granted approval for the following:

  1. Exemptions from VAT on imported materials for the construction phase of the Project;
  2. Exemptions from duties on imported materials for the construction phase of the Project; and
  3. Exemptions from VAT on local purchases of building and construction materials specific to the Project.

In light of Article 174 (2) of the Constitution, the Minister for Finance is, by a copy of this letter, hereby directed to obtain the requisite approval of Parliament, to give effect to paragraph two (2) above.

Please accept the President’s best wishes.”

The Finance Minister, Ken Ofori-Arthur, who is also a cousin of the President has sent a memorandum to parliament for parliamentary approval to be given for the tax exemption. The memorandum, a copy of which this paper has, also reads

“Parliament is respectfully invited to consider and approve the waiver of tax liability amounting to Ghana Cedi equivalent of US$23,983,033.43 in favour of Platinum Properties Limited (Strategic Investor, under section 26 (4) of the GIPC ACT 2013, ACT 865) on materials, plant, machinery and equipment. The waiver covers import Duties, Import VAT, Import NHIL, Import GETFUND, Domestic VAT, NHIL and GETFUND.
Executive approval was granted to Platinum Properties Limited as a Strategic Investor, pursuant to section 26 (4) of the GIPC Act 2013. (Act 865) on the recommendation of the Board of the Ghana Investment Promotion Centre (GIPC) for tax exemption on the following:

i. Exemption from the VAT on import of materials for the construction of the Pullman City Hotel project.
ii. Exemption from the duties and on imported materials.
iii. Exemption from VAT on local purchases of building and construction materials.

In line with Article 174 (2) of the 1992 Constitution, the waiver for tax exemption is hereby submitted for the consideration and approval of Parliament.”

According to the memorandum, The Pullman Accra Airport City Hotel & Serviced Apartments is a dual-hospitality project, positioned to become Ghana’s largest and most distinguished hotel facility. It is situated at Plot 15, Airport City, which houses one of Ghana’s most iconic real estate developments such as Marina Mall, Marriott Hotel, Holiday Inn Hotel, SSNIT Emporium, Ibis Styles Hotel, Manet Towers 1, 2 & 3, Silver Star Tower and Stanbic Heights, with other notable developments underway.
The memorandum states that the Project is being promoted by Platinum Properties Limited (“PPL”), a SPV owned and controlled by Inter-Afrique Holdings Limited (“IAH”) and the Ghana Infrastructure Investment Fund (“GIIF”).

Source: Ghana|Daily Post

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Parliament Should Apologize to Ghanaians and Punish Offenders – Mr. Amankwaa Nathaniel

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Parliament Should Apologize to Ghanaians and Punish Offenders – Mr Amankwaa Nathaniel

The Founder and President of Citizen Watch Alliance (CiWA) and an Anti-Corruption campaigner, Mr. Amankwaa Nathaniel has charged Ghana Parliament to render apology to Ghanaians and punish Parliamentarians regarding the indiscipline and illegal incident that took place at the just ended electing of the speaker of the 8th Parliament.

According him, he was devastated to witness members of Parliament with Honorable titles kicking ballot box and snatching ballot papers on such a remarkable day where numerous people around the globe were witnessing what was happening in the country.

He mention that, what some Parliamentarians displayed that day doesn’t depict the Honorable titles given them.

He added that, the unpopular incident has soiled Ghana’s indelible reputation in democracy intentionally which the country has been proud of for decades.

He emphasized that, every Parliamentarian who breached Ghana’s constitution that day should be dealt with as an ordinary Ghanaian because some ordinary citizens have been jailed for doing what some of the Parliamentarians did.

He argued that, it will be very sad and promote selective justice if the Parliamentarians who misbehaved are left to go unpunished.

Mr. Amankwa Nathaniel
Founder and President
Citizen Watch Alliance (CiWA)
Tel: 0244372983

 

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Apoint Dr. I.Y Opoku as Deputy Agric Minister – Group pleads with President

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Apoint Dr. I.Y Opoku as Deputy Agric Minister – Group pleads with President

In the Ashanti Region, a pressure group in Offinso South Constituency, Intellectual Youth Patriots and Concerned Youth of Offinso South is appealing to the President of the republic of Ghana, His Excellency Nana Addo Danquah Akufo Addo to appoint Hon. Dr. I.Y Opoku the Member of Parliament for Offinso South Constituency among his ministers in his second term administration.

According to the group, Hon. Dr. I.Y Opoku has served remarkably well under the Ghana COCOBOD, having held some principal positions namely; CODAPEC (Cocoa Diseases and Pest Control), Black pod Co-ordinator, Executive Director under the seed Production Division, Managing Director under Quality Control Company Limited and as an Executive Director under the Cocoa Research Institute.

with all these knowledge he has acquired in the Agric sector, it’s indeed rightful for H.E Nana Addo Dankwa Akufo Addo to appoint him to serve at the Agric Ministry; the group pleaded.

” We do appeal with His Excellency to appoint our member of parliament at the Agric Ministry. We know Dr Osei Akoto heads the ministry so a Deputy ministerial position will be enough for Hon. Dr. I.Y Opoku because of his knowledge and his experience in the Agric sector.”

They emphasized that, his competency even before becoming a Member of Parliament depicts he can deliver if he is given the chance to perform.

Attached are some achievements and policies he started before the 2020 general elections.

 

INTELLECTUAL YOUTH PATRIOTS

OFFINSO SOUTH CONSTITUENCY

HON. DR. ISAAC YAW OPOKU OUGHT TO BE GIVEN A MINISTERIAL POSITION.

REASONS

SOME OF THE ACHIEVEMENTS AND PROPOSED POLICIES OF HON. DR.I Y OPOKU

  1. NATIONAL LEVEL
  2. National CODAPEC (Cocoa Disease and Pest Control) black pod coordinator.
  3. Executive Director: Seed production Division.
  4. Quality Control Company Ltd: Managing Director.
  5. Executive Director: Cocoa Research Institute.

 

    NOTE:

  • In the history of Ghana Cocoa Board, Dr. I Y Opoku and Dr. Adu Ampomah are the only

Directors who were given contracts after their active service.

  • Hon. Dr. I. Y. Opoku is very humble.
  • Hon. Dr. I. Y. Opoku is indefatigable when it comes to administration.
  • Hon. Dr. I. Y. Opoku is extremely selfless.
  • Hon. Dr. I. Y. Opoku is incorruptible.
  • Hon. Dr. I. Y. Opoku is a listening leader.
  • Hon. Dr. I. Y. Opoku’s main motive for entering politics is to transform Offinsoman and

leave a remarkable history for future politicians across the country.

 

  1. OFFINSO SOUTH (CONSTITUENCY LEVEL).

      ONGOING COCOA ROADS

  1. Bonsua Road (Kokote to Wawase): 24 and half Kilometer.
  2. Anyenasusu Camp to Abofour Kyebi Road.

 

COCOA ROADS CURRENTLY WITH CONTRACTORS

  1. 1. Abofour Kwapanyin to Asubore Road.
  2. Abofour Kyebi to Berekum Road.

 

 

  1. POTABLE WATER (PROMISED 12 BOLEHOLES DURING THE 2020 CAMPAIGN).

     COMPLETED (6)

  1. Samproso(1)        2.Abrokyire(1)         3.Awisem(1)        4.Asuboe(1)             5.Kwapanyin(2)

TO BE DELIVERED SOON (6)

  1. Adukro 2.Ampabame 3.Dome       4.Asamankama      5.Ayensua Fufuo.     6. Adiemmra

 

  1. EDUCATION (Delivered).

Uncountable bags of cement have been given to various schools within the constituency to support infrastructural projects.

 

  1. EMPLOYMENT OPPORTUNITIES(Delivered).
  2. Three hundred and twenty seven (327) people from the constituency have been employed at

Ghana Cocoa Board. Note: This covers both permanent and contract.

  1. Security services: Immigration (1)         Police (5)          Prisons (2)           Fire Service(3).

The police and the fire service officials are currently at their various training centers.

  1. HOUSING (Proposed).

One hundred and fifty (150) building plots of land have been secured at Ayensua Fufuo for undertaking of real estate projects.

  1. COMMUNITY DEVELOPMENT (Proposed).

Two hundred plots of land have been secured at Abofour (near the market) for the undertaking of developmental projects.

  1. OFFINSOMAN DEVELOPMENT ASSOCIATION (Proposed).
  • MOTIVE: Undertaking of numerous developmental projects within the constituency.
  • KEY MEMBERS: Chiefs, Pastors, Imams and all other groups in the constituency who

believe in societal development.

  1. INFORMATION COMMUNICATION TECHNOLOGY CENTER (Proposed).

An ultra-modern I.C.T center will be instituted in the Constituency.

Motives

  1. To facilitate learning.
  2. Keeping of particulars of graduates for easy job search assistance.
  3. Keeping the particulars of polling station executives and other dedicated party sympathizers.

J.TRANSPARENCY IN COMMON FUND ISSUES (Proposed).

 

  1. PAYING MUCH ATTENTION TO THE WELFARE OF THE YOUTH (Proposed).
  2. BUILDING OF PARTY OFFICE (Proposed).

A plot of land has been secured at Adukro for the building of party office. Under this project,

offices will be available for all the constituency executives of the party.

  1. INSURANCE FOR DELIGATES (Proposed).

 

OFFICE OF THE STRATEGIC AFFAIRS OFFICER

INTELLECTUAL YOUTH PATRIOTS

OFFINSO SOUTH CONSTITUENCY

Source: www.ghanapublisher.com

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Kennedy Agyapong cries during interview over …

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There is a viral video sighted by Ghwired.com in which honorable Kennedy Agyapong was seen crying during an interview.

Many Ghanaians reacted to a picture of the lawmaker which trended on social media yesterday during the swearing in of mps and election of the speaker of parliament.

Kennedy Agyapong of all people was very quiet while resting his jaws in his hand. His reason for crying in this new video is not yet clear.

More soon….

 

Source: Ghwired.com

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