The government intends to end the 1D1F initiative’s tax exemption provision.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Minister of Finance, Dr Cassiel Ato Forson, has announced the government’s plan to discontinue the tax exemption policy under the One District, One Factory (1D1F) initiative, citing widespread abuse under the previous Akufo-Addo administration.

Addressing Parliament on Wednesday, March 26, 2025, Ato Forson said: “As finance minister, I’m not going to continue with the 1D1F tax exemption because the evidence before this House suggests it has been abused badly.”

While acknowledging the industrialisation and economic growth objectives of the initiative, he noted that the exemptions had been misused, undermining their intended impact.

Source: newsthemegh.com