Deputy Finance Minister nominee, Thomas Nyarko Ampem, has clarified that the National Democratic Congress (NDC) is not opposed to the government's flagship One District, One Factory (1D1F) initiative but expressed concerns over the alarming rate at which tax exemptions were granted under the programme.
Speaking during his vetting before Parliament’s Appointments Committee, Mr Ampem highlighted issues surrounding the fairness and transparency of the tax exemption process, noting that led to the party's objections in the eighth Parliament.
“No, we are not against 1D1F, but we realised that the rate at which tax exemptions were being given out was alarming.
“We also did not feel there was a fair and scientific approach in selecting companies that would come under the 1D1F exemption regime,” he explained.
Mr Ampem, who previously served on the Finance Committee of Parliament, recalled numerous debates over exemption requests.
“I remember during committee sessions, the leader and I had several back-and-forth discussions about this. On one occasion, an exemption request we initially rejected was later resubmitted with a drastic reduction. This showed that some of the requests were inflated,” he revealed.
He further emphasised that opposition to the unchecked tax exemptions wasn’t limited to NDC members, adding that some members from the then-ruling NPP side also agreed with them.
"It was something in the interest of Mother Ghana, that we felt that we should object," he pointed out.
Latest Stories
-
Ghana courts Chinese investors with 24-hour economy incentive
53 seconds -
Joy Sports’ Nathaniel Attoh unites classmates to fund legacy project for St. Augustine’s College
2 minutes -
PIAC unhappy with execution of oil-funded projects in Yendi
4 minutes -
Bawumia deserves another chance to lead NPP – Political Analyst
6 minutes -
NSA warns students against enrolling in unaccredited tertiary institutions
10 minutes -
Behind the Mic and Beyond: Becky’s Impact on Ghana’s Entertainment and Media Space
12 minutes -
It’s always in the interest of Ghana to play the intermediary role – Nana Yaw Mireku
15 minutes -
Pro-U.S. hostile comments can affect your visa applications – U.S. Consul General
19 minutes -
NPP MPs must remain neutral – Minority Leader, Kyei-Mensah-Bonsu, Arthur Kennedy share views
21 minutes -
We don’t intend to make government unpopular – 2022 graduate teachers
22 minutes -
GES seeks clearance extension to settle salary arrears of newly posted teachers
27 minutes -
Why African team shine at home but struggle at the Club World Cup
37 minutes -
New Lawra MCE Adam Muazu, dies after a short illness
48 minutes -
Establishment of W.E.B. Du Bois Memorial Centre was a visionary move by Rawlings – Yaa Asantewaa
59 minutes -
Ghana’s silent killer: Dr. Yankson highlights deadly impact of poor sanitation
1 hour