General News of Sunday, 28 March 2021Source: www.ghanaweb.comAfrica Confidential, a Pan-African news magazine, claims Ghanaian MPs granted tax holidays and other investment incentives worth US$832 million to Meridian Port Services (MPS) without knowing the contract. According to the report sighted by GhanaWeb, in March 2016, the Mahama administration asked Parliament to approve US$982 million in tax reliefs for Meridian Port Services (MPS) over 10 years – a sum that shocked MPs. The committee had not even seen the contract with MPS. Had the originally proposed waiver of $982m gone through, Ghana would have been giving back 89 cents in the dollar. This news seemed not to have reached Parliament either, so no adjustment in the tax holidays took place.”Read below the full report.

Source: GhanaWeb March 28, 2021 06:00 UTC