Akufo-Addo announces juicy package for film industry

President Nana Akufo-Addo has announced plans to introduce 20% tax incentives for the film industry.

According to him, the tax rebate which will be out-doored soon is currently before Cabinet.

“To this end, a favourable fiscal (tax) regime for cinema projects, including income tax and VAT incentives, import duty exemptions on film production equipment, twenty percent (20%) tax rebate for strategic film productions and film financing reliefs, is being elaborated by Cabinet, which should be out-doored very soon, and should provide another tangible reason for the choice of Ghana as a film production country,” he announced.

Akufo-Addo also revealed that the National Museum Gallery, which had been closed down since 2015, has also been fully refurbished. 

“Preparatory works and designs for the construction of the Heroes Park, a museum to commemorate the founding fathers of Ghana, the Big Six, JB Danquah, Emmanuel Obetsebi-Lamptey, Edward Akufo-Addo, Ebenezer Ako Adjei, William Ofori-Atta, Kwame Nkrumah, were completed in December 2023, and construction will commence very soon,” he said

The President further touched on the first-ever Kente Museum at Bonwire in the Ashanti region, aimed at preserving the cultural heritage in Ghana which was recently commissioned by the Second Lady, Samira Bawumia

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