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NewsDzata Cement received illegal tax waivers from Mahama - Majority

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Dzata Cement received illegal tax waivers from Mahama – Majority

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The Majority Caucus in Parliament has accused the previous Mahama administration of illegally granting tax exemptions to the cement manufacturing firm Dzata Cement.

The Caucus claims that former President John Dramani Mahama, through executive authorization, designated several firms, including Dzata Cement, as strategic investors and provided them with tax waivers without seeking Parliamentary approval.

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Speaking to journalists in Accra on Thursday, May 30, Majority Leader Alexander Afenyo-Markin urged the Minority Caucus to support the government’s initiative to industrialize 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.”

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