The Majority Caucus in Parliament has accused the erstwhile Mahama administration of illegally granting tax exemption to cement manufacturing firm Dzata Cement.
The Caucus alleged that former President John Dramani Mahama, through executive authorization, designated some firms which includes Dzata cement as strategic investors and offered them tax waivers without recourse to Parliamentary approval.
Speaking to journalists in Accra on Thursday, May 30, the Majority Leader, Alexander Afenyo-Markin urged the Minority Caucus to support the government’s quest to industrialise the economy by offering tax exemptions to companies under the One District, One Factory policy.
“Dzata Cement was a company that benefitted from this unconstitutional and illegal tax incentives but we all know that by the imperative of the [1992] Constitution, it is only Parliament that can impose tax or waive taxation but some actions of the executive under certain rule of necessity, Dzata Cement was granted a tax waiver and we did not complain because we were told that Dzata Cement was a strategic investor.”
Explore the world of impactful news with CitiNewsroom on WhatsApp!
Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https://whatsapp.com/channel/0029VaCYzPRAYlUPudDDe53x
No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital
