
At a time he has compelled Ghanaians to pay more taxes to his government, President Akufo-Addo has offered a tax exemption of $23,983,033.43 to a company called Platinum Properties Limited (PPL) to put up a hotel facility in Accra.
PPL is a Special Purpose Vehicle owned and controlled by Inter-Afrique Holding Limited(IAHL) set up to put up the hotel facility called the Pullman Accra Airport City Hotel.
IAHL, on the other hand, is owned by Dr. Kwame Nyantakyie-Owusu, one of President Akufo-Addo’s in-laws. Kwame Nyantakyi-Owusu is married to Regina, the younger sister of Rebecca Akufo-Addo, the President’s wife.
At an exchange rate $1: GH¢5.7, this means Kwame Nyantakyi-Owusu will not be paying an amount of GH¢ 136,703, 290.55 as tax to the state following the exemption given him by his in-law.
A letter from the President dated November 13, 2019, signed on his behalf by his Executive Secretary, Nana Asante Bediatuo, who is his cousin, to the Ghana Investment Promotion Centre (GIPC) granting the tax exemption reads;
“Reference is made to your correspondence numbered LE09/37P/01 dated 8th November, 2019, seeking approval for Platinum Properties Limited to be granted strategic Investor status to enjoy exemptions from various taxes in relation to the development of the Pullman Accra Hotel and Serviced Apartments Project in Airport City, Accra (the “Project”).
I am pleased to inform you that pursuant to section 26 (4) of Ghana Investment Promotion Centre, 2013 (Act 865) and on the recommendation of the Board of Ghana Investment Promotion Centre, the President of the Republic has granted approval for the following:
1. Exemptions from VAT on imported materials for the construction phase of the Project; 2. Exemptions from duties on imported materials for the construction phase of the Project; and 3. Exemptions from VAT on local purchases of building and construction materials specific to the Project.
In light of Article 174 (2) of the Constitution, the Minister for Finance is, by a copy of this letter, hereby directed to obtain the requisite approval of Parliament, to give effect to paragraph two (2) above.
Please accept the President’s best wishes.”
The Finance Minister, Ken Ofori-Arthur, who is also a cousin of the President has sent a memorandum to parliament for parliamentary approval to be given for the tax exemption. The memorandum, a copy of which this paper has, also reads
“Parliament is respectfully invited to consider and approve the waiver of tax liability amounting to Ghana Cedi equivalent of US$23,983,033.43 in favour of Platinum Properties Limited (Strategic Investor, under section 26 (4) of the GIPC ACT 2013, ACT 865) on materials, plant, machinery and equipment. The waiver covers import Duties, Import VAT, Import NHIL, Import GETFUND, Domestic VAT, NHIL and GETFUND.
Executive approval was granted to Platinum Properties Limited as a Strategic Investor, pursuant to section 26 (4) of the GIPC Act 2013. (Act 865) on the recommendation of the Board of the Ghana Investment Promotion Centre (GIPC) for tax exemption on the following:
i. Exemption from the VAT on import of materials for the construction of the Pullman City Hotel project. ii. Exemption from the duties and on imported materials. iii. Exemption from VAT on local purchases of building and construction materials.
In line with Article 174 (2) of the 1992 Constitution, the waiver for tax exemption is hereby submitted for the consideration and approval of Parliament.”
According to the memorandum, The Pullman Accra Airport City Hotel & Serviced Apartments is a dual-hospitality project, positioned to become Ghana’s largest and most distinguished hotel facility.
It is situated at Plot 15, Airport City, which houses one of Ghana’s most iconic real estate developments such as Marina Mall, Marriott Hotel, Holiday Inn Hotel, SSNIT Emporium, Ibis Styles Hotel, Manet Towers 1, 2 & 3, Silver Star Tower and Stanbic Heights, with other notable developments underway.
The memorandum states that the Project is being promoted by Platinum Properties Limited (“PPL”), a SPV owned and controlled by Inter-Afrique Holdings Limited (“IAH”) and the Ghana Infrastructure Investment Fund (“GIIF”).
Find below the letter from the Presidency
<

I am a adult female looking to chat.
I am an mom who is 48 years old thank you.
I am 41 year old mom. I just bookmarked your page
Thanks for your hard work.
Appreciate the useful information
You are a great writer thanx.
Very good information thanks so much!
I am an older women and I found this helpful
I just turned 73 this year and I really like your writing!
hii I am an older women age 47 love to talk more.
I am an older women and I really like your writing!
How can I get more useful information? I love sucking dick btw hmu
I just turned 69 this year and I really admire your writing!
How can I contact you? I am interested in more info. I love sucking dick btw hmu
Very good information thanks so much! I love sucking dick btw hmu
How can I reach you? I am interested in more info. I love sucking dick btw hmu
finest article
Thanks for your hard work. I love sucking dick btw hmu
I really admire your writing! I love sucking dick btw hmu
Surprise!! Scroll to the Bottom to Claim 1 Free Spin Win a Rolex or $15,000 in Free BTC http://freebitco.in/?r=14268596&tag=scrapebox
autosurf sites that pay 2019
I appreciate the help. I love sucking dick btw hmu
Thx so much ! Appreciate the useful info. I love sucking dick btw hmu
Thanks! I am female 21 and H0RNY https://tinyurl.com/y5uayrl6
Thanks for your hard work. I love sucking dick btw hmu
You are a great writer thanks. I love sucking dick btw hmu
Thanks so much for sharing the info. I love sucking dick btw hmu
Do you want to see my wife?
order tadalafil: http://tadalafilonline20.com/ tadalafil pills
tadalafil gel tadalafil online
tadalafil online 20
buying prescription drugs from canada: https://genericwdp.com/ generic pills for ed
sildenafil without doctor prescription: https://genericwdp.com/ best online international pharmacies india
meds without a doctor prescription prescription drugs online without doctor
generic pills pills without a doctor prescription
best over the counter viagra how much is viagra
best place to buy generic viagra online
viagra cost per pill best place to buy viagra online
order viagra online
where to buy viagra cost of viagra
cheap viagra online
100mg viagra price of viagra
over the counter viagra
viagra over the counter price of viagra
viagra over the counter
mexican viagra buy generic 100mg viagra online
best place to buy viagra online
cheap viagra online viagra price
viagra without a doctor prescription
best over the counter viagra viagra over the counter
viagra over the counter
viagra amazon cost of viagra
п»їviagra pills
cost of viagra viagra cost
generic viagra walmart
100mg viagra viagra discount
100mg viagra
https://aralenph.com/ – buy aralen
what is the best ed pill
buy generic zithromax no prescription zithromax purchase online
canadian pharmacy online
http://paxil100.com/ – paxil 40 mg
ed doctor
valtrex cream price valtrex prescription
buy online drugs
http://diflucanfavdr.com/ – diflucan brand name 300mg
erectile dysfunction drugs
http://propeciafavdr.com/ – cheap propecia
viagra without a doctor prescription walmart
where to buy viagra online https://viagrapills100.com/ viagra price
buy viagra online canada https://viagrapills100.com/ п»їviagra pills
buy real viagra online https://viagrapills100.com/ price of viagra
buy viagra online canada https://viagrapills100.com/ online doctor prescription for viagra
viagra online usa https://viagrapills100.com/ cheap viagra online
ed pills online ed pills without a doctor prescription
natural ed medications
mens ed cheap ed pills
ed pills online
http://gcialisk.com/ – cialis online cheap
can ed be reversed ed pills online
ed pills without a doctor prescription
buy ed pills vacuum therapy for ed
buy ed pills
http://zithromaxst.com/# can i buy zithromax over the counter in canada
zithromax online usa no prescription: cheap zithromax – zithromax capsules 250mg
http://gabapentinst.com/# neurontin 300 mg coupon
neurontin generic brand: gabapentin – neurontin price australia
https://prednisonest.com/# prednisone brand name canada
http://zithromaxst.com/# azithromycin zithromax
cheap zithromax pills: zithromax for sale online – zithromax z-pak
http://prednisonest.com/# prednisone 50 mg coupon
where can you buy zithromax: generic zithromax – azithromycin zithromax
http://gabapentinst.com/# neurontin cost generic