Akufo-Addo assures businesses of government’s support through incentives

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President of the Republic, Nana Addo Dankwa Akufo-Addo, has reiterated government’s commitment to providing strategic support to companies and enterprises operating in Ghana under the One District One Factory (1D1F) initiative.

He gave the assurance when he was commissioning the first phase of a steel company, B5 Plus Limited, at La Apleku in the Ningo-Prampram Constituency in Accra on April 13, 2021.

The President noted in his commissioning address that his government will “continue to enhance existing incentive framework designed to make 1D1F designated companies more competitive and sustainable.”

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“The incentives which include tax holidays, import duties wavers and interest rate subsidy are designed to help build the capacities and competitiveness of these enterprises and to position them for greater productivity and efficiency,” he added.

Following recent power outages that parts of the country continue to experience and is affecting businesses, President Akufo-Addo also assured that the problem in addition to other utility challenges which act as “barriers to greater productivity” will be “systematically dismantled and the full enjoyment of the incentives guaranteed.”

About B5 Plus Limited

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Founded in 2002 by its Chief Executive Officer (CEO) Mukesh V. Thakwani, B5 Plus Limited is headquatered in Ghana.

It has a conglomerate of business operations spread across different countries in West Africa.

It manufactures and trades in well finished iron and steel products which are known for their high quality.

As part of its operations in Ghana, it would convert scrap metals gathered from across the country into building materials to feed the construction industries in the country and the Economic Community of West African States (ECOWAS) region.

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