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Ghana To Introduce Tax Incentive For Movie Productions

EXCLUSIVE: Ghana‘s fast-developing film sector has received a significant vote of confidence from the country’s govt as President Nana Akufo-Addo units plans to introduce a unused tax rebate gadget for movie productions.

As a part of the unused legislation, the rustic will do business in a 20% tax rebate for strategic movie productions along a sequence of movie financing comforts, together with exemptions on import tasks for movie manufacturing apparatus. The proposed incentives additionally come with an exemption on port taxes and alternative money levies, that are most often required in advance via government. The federal government has stated native company entities that financially again the sphere too can get pleasure from those incentives.

Talking on the Environment of the People deal with within the parliament of Ghana, President Akufo-Addo stated that his “government, through the National Film Authority, is committed to supporting the production of world-class content and films, as well as increasing the cinema infrastructure in Ghana and by extension, on the continent.”

Akuffo Addo added that the motivation “should provide another tangible reason for Ghana to be the choice country for film production.”

Over the day 3 years, beneath the management of Juliet Yaa Asantewa Asante, the Nationwide Movie Authority of Ghana has introduced a sequence of progressive tasks aimed toward positioning Ghana as a chief movie hub at the continent. The Authority’s “Shoot in Ghana” marketing campaign garnered really extensive consideration and drew in world productions just like the NFL Tremendous Bowl spot Born to Play games. The advert was once produced via Danny Damah and Tony Tagoe’s manufacturing corporate, TD Afrique Movies (Beasts of Deny People).

Commenting at the President’s announcement, Juliet Yaa Asantewa Asante, CEO of the Nationwide Movie Authority, stated: “The forthcoming tax incentive policy, as articulated by the President, stands poised to fortify Ghana’s position within the global film ecosystem, amplifying its attractiveness to filmmakers and solidifying its status as a cinematic powerhouse on the international stage.”

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