{"id":858,"date":"2024-08-02T00:50:08","date_gmt":"2024-08-02T00:50:08","guid":{"rendered":"https:\/\/sbmediaonline.com\/?p=858"},"modified":"2024-08-02T00:50:09","modified_gmt":"2024-08-02T00:50:09","slug":"mps-drag-finance-ministry-gra-to-court-over-alleged-unlawful-tax-waivers-to-42-companies","status":"publish","type":"post","link":"https:\/\/sbmediaonline.com\/?p=858","title":{"rendered":"MPs drag Finance Ministry, GRA to court over alleged unlawful tax waivers to 42 companies&#8221;"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"538\" src=\"https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/Amin-Adam-1-1024x538.jpg\" alt=\"\" class=\"wp-image-859\" srcset=\"https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/Amin-Adam-1-1024x538.jpg 1024w, https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/Amin-Adam-1-300x158.jpg 300w, https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/Amin-Adam-1-768x403.jpg 768w, https:\/\/uwordpressmedia.blob.core.windows.net\/uwordpressmedia01\/2024\/08\/Amin-Adam-1.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Three (3) Minority MPs have sued the Ghana Revenue Authority (GRA) and the Finance Ministry in connection with the Government\u2019s plan to waive taxes for some companies in the country.<\/p>\n\n\n\n<p>The said firm scheduled to benefit from the tax waivers are some 42 companies under the 1 District 1 Factory Initiative.<\/p>\n\n\n\n<p>Led by the Deputy Minor Leader, Emmanuel Armah-Kofi Buah, the legislators want the Supreme Court to suspend the tax waivers since they are not beneficial to the country.<\/p>\n\n\n\n<p>The other 2 MPs who are connected to the lawsuit are Bernard Ahiafor, MP for Akatsi South, and Kwame Agbodza Governs, MP for Adaklu.<\/p>\n\n\n\n<p>The MPs argue that the GRA\u2019s decision to grant these tax waivers is not in the best interest of &nbsp;the debt-ridden country and in contravention of Article 174 of the 1992 Constitution.<\/p>\n\n\n\n<p>For instance, one of the plaintiffs, Bernard Ahiafor, wants the Supreme Court to intervene to save the country.<\/p>\n\n\n\n<p>He argued that, \u201cIt appears Article 174 of the Constitution is being violated, the Supreme Court is giving an exclusive jurisdiction to interpret, therefore, any citizen who is aggrieved that a particular portion of the Constitution is being contravened, the remedy available is to seek for interpretation and declaration at the Supreme Court which is the apex court.<\/p>\n\n\n\n<p>They are seeking a declaration from the Supreme Court that the waivers are null, void, and of no effect.<\/p>\n\n\n\n<p><strong>Background<\/strong><\/p>\n\n\n\n<p>In 2021, the then Minister for Finance, Ken Ofori-Atta, announced government\u2019s plan to secure approximately $335,072,712.13 in tax exemptions for 42 companies participating in the government\u2019s One District One Factory initiative.<\/p>\n\n\n\n<p>In 2022, Ofori-Atta presented the Exemptions Act, 2022 (Act 1083), in Parliament for the commencement of the processes.<\/p>\n\n\n\n<p>Among the companies, Sentuo Oil Refinery Limited, a newly established entity, has the highest requested exemption amounting to $164,633,012.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three (3) Minority MPs have sued the Ghana Revenue Authority (GRA) and the Finance Ministry in connection with the Government\u2019s plan to waive taxes for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":859,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=858"}],"version-history":[{"count":1,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/858\/revisions"}],"predecessor-version":[{"id":860,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/posts\/858\/revisions\/860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=\/wp\/v2\/media\/859"}],"wp:attachment":[{"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sbmediaonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}