Ghana is set to introduce its first film tax incentive, with a 20% tax rebate for film production.
The law, unveiled by President Nana Akufo-Addo during a State of the Nation address on February 27, implements film financing reliefs which include exemptions on import duties for film production equipment and on port taxes plus other cash levies, and income tax benefits in addition to the 20% rebate.
In his address, Akufo-Addo said: “Government, through the National Film Authority, is committed to supporting the production of world-class content and films, as well as increasing the cinema infrastructure in Ghana and, by extension, on the continent.
The law, unveiled by President Nana Akufo-Addo during a State of the Nation address on February 27, implements film financing reliefs which include exemptions on import duties for film production equipment and on port taxes plus other cash levies, and income tax benefits in addition to the 20% rebate.
In his address, Akufo-Addo said: “Government, through the National Film Authority, is committed to supporting the production of world-class content and films, as well as increasing the cinema infrastructure in Ghana and, by extension, on the continent.
- 2/29/2024
- ScreenDaily
Exclusive: Ghana’s fast-developing film sector has received a significant vote of confidence from the country’s government as President Nana Akufo-Addo sets plans to introduce a new tax rebate system for film productions.
As part of the new law, the country will offer a 20% tax rebate for strategic film productions alongside a series of film financing reliefs, including exemptions on import duties for film production equipment. The proposed incentives also include an exemption on port taxes and other cash levies, which are usually required upfront by authorities. The government has said local corporate entities that financially back the sector can also benefit from these incentives.
Speaking at the State of the Nation address in the parliament of Ghana, President Akufo-Addo said that his “government, through the National Film Authority, is committed to supporting the production of world-class content and films, as well as increasing the cinema infrastructure in Ghana and by extension,...
As part of the new law, the country will offer a 20% tax rebate for strategic film productions alongside a series of film financing reliefs, including exemptions on import duties for film production equipment. The proposed incentives also include an exemption on port taxes and other cash levies, which are usually required upfront by authorities. The government has said local corporate entities that financially back the sector can also benefit from these incentives.
Speaking at the State of the Nation address in the parliament of Ghana, President Akufo-Addo said that his “government, through the National Film Authority, is committed to supporting the production of world-class content and films, as well as increasing the cinema infrastructure in Ghana and by extension,...
- 2/29/2024
- by Zac Ntim
- Deadline Film + TV
The first time I went to Ghana, I was 19 years old and volunteering to build a health clinic in a rural village. It was 1988, I was a teenaged lunatic, and everything bad that could have happened to me did: I got malaria; I was beaten up by soldiers on the border with the Ivory Coast — but I also encountered wonderful people and stunning and moving and unforgettable experiences and friendships. All told, I had the time of my life, and vowed to spend as much time as I could on the African continent, and I have ever since.
A few weeks ago, I was back in Ghana for a very different reason: to join other producers at a historic pan-African summit devoted to the elevation of the film and television industries across the continent. And the talent, entrepreneurial intelligence, and sheer creativity on display came as a welcome injection of...
A few weeks ago, I was back in Ghana for a very different reason: to join other producers at a historic pan-African summit devoted to the elevation of the film and television industries across the continent. And the talent, entrepreneurial intelligence, and sheer creativity on display came as a welcome injection of...
- 12/18/2023
- by Nicholas Weinstock
- Variety Film + TV
Metallica, the Jonas Brothers, Sza, and Usher are among the acts set to help the Global Citizen Festival mark its 10th anniversary with shows taking place in New York City’s Central Park and Black Star Square in Accra, Ghana on Sept. 24.
As always, the Global Citizen Festival will aim to encourage global leaders and corporations to commit billions to issues such as the climate crisis, food shortages, and ensuring a better future for women and girls.
“I’ve now been involved with Global Citizen since 2016, so seven years now,...
As always, the Global Citizen Festival will aim to encourage global leaders and corporations to commit billions to issues such as the climate crisis, food shortages, and ensuring a better future for women and girls.
“I’ve now been involved with Global Citizen since 2016, so seven years now,...
- 8/11/2022
- by Jon Blistein
- Rollingstone.com
Two-time Academy Award winner and 2022 nominee Denzel Washington will be speaking at the 2022 International Leadership Summit, which is taking place March 31 through April 2 in Charlotte.
The annual conference was founded by T.D. Jakes and brings together aspiring and tenured entrepreneurs, leaders and influential change agents to revolutionize the future of leadership. At this year’s event, Washington will join Jakes for a master class discussing Hollywood, faith and life in the spotlight.
Washington, who is also a producer and director, is considered one of the greatest actors of his generation and holds the title as the most Oscar-nominated Black man of all time. Washington has 10 Academy Award nominations under his belt, including one this year for his work in The Tragedy of Macbeth. In 2019, Washington was honored with the AFI Life Achievement Award, one of the highest honors for a career in film. At the 2016 Golden Globe Awards, he received the Cecil B.
The annual conference was founded by T.D. Jakes and brings together aspiring and tenured entrepreneurs, leaders and influential change agents to revolutionize the future of leadership. At this year’s event, Washington will join Jakes for a master class discussing Hollywood, faith and life in the spotlight.
Washington, who is also a producer and director, is considered one of the greatest actors of his generation and holds the title as the most Oscar-nominated Black man of all time. Washington has 10 Academy Award nominations under his belt, including one this year for his work in The Tragedy of Macbeth. In 2019, Washington was honored with the AFI Life Achievement Award, one of the highest honors for a career in film. At the 2016 Golden Globe Awards, he received the Cecil B.
- 3/4/2022
- Look to the Stars
Michael Bloomberg today announced the second Bloomberg Global Business Forum will be held in New York City on September 26th at the Plaza Hotel during the 73rd session of the United Nations General Assembly.
Supported by Bloomberg Philanthropies, the daylong forum is the sole convening dedicated to encouraging presidents, prime ministers and CEOs to collaborate on trade issues by reaching a better understanding of one another’s challenges and mutual opportunities, thereby strengthening global economic prosperity. With protectionism on the rise – as well as worldwide population growth, economic inequality and climate change threats – it has never been more important for the world’s public and private sector leaders to uncover common goals and engage in economic diplomacy to promote continued globalization, innovation and competition. This one-of-a-kind forum will move beyond analysis and provide participants with the chance to shape the next stage of the global economy.
“The Forum comes at...
Supported by Bloomberg Philanthropies, the daylong forum is the sole convening dedicated to encouraging presidents, prime ministers and CEOs to collaborate on trade issues by reaching a better understanding of one another’s challenges and mutual opportunities, thereby strengthening global economic prosperity. With protectionism on the rise – as well as worldwide population growth, economic inequality and climate change threats – it has never been more important for the world’s public and private sector leaders to uncover common goals and engage in economic diplomacy to promote continued globalization, innovation and competition. This one-of-a-kind forum will move beyond analysis and provide participants with the chance to shape the next stage of the global economy.
“The Forum comes at...
- 7/11/2018
- Look to the Stars
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