The supporting agreement between government and Cascade Development Company was given executive approval by the president. The agreement, signed on January 11, 2007, also requires Cascade Development Company to manage the Accra International Conference Centre. Parliamentary approval for the Cascade agreement was, however, sought a year after government signed the agreement with the Company. Cascade Development Company and its affiliates were granted all the exemptions, incentives and tax concessions made available by the G.I.P.C. George Kwatia, Ghana tax partner at PriceWaterHouseCoopers, said the benefits for the offshore companies far outweigh the benefits for Ghana’s economy.

Source: GhanaWeb August 30, 2016 14:26 UTC