BoG defends financing of gov’t expenditure last year

shoots have between 20-45% average tax incentives,” Juliet added. She said countries that have gone down this line include, the US, UK, Australia, Canada and many more. In Africa, she mentioned Morocco and South Africa as leaders in this direction and their economies have bene ted tremendously from this positioning.

“A tax incentive basically gives attractive tax reliefs to investors in the ecosystem of a country and it is a basic requirement to attracting foreign direct investment into the lm sector at the magnitude that Ghana is pitching for.

It is also a crazy win for the local sector in attracting investments into the sector locally from companies as well as helping lm businesses to stabilize,” she said.

She said the move will bene t the local lm ecosystem - local brands and organizations that invest into the lm sector - foreign productions - foreign investors into the entire lm ecosystem

According to Juliet, who is also the Chairperson at the National lm and

Television Institute, the result of the drive to attract the attention and investment of lmmakers globally can already be seen in the many lms announced to shoot in Ghana as well as the investment interests in the building of infrastructures such as studios to support the shoot in Ghana campaign and the call on cinema investors to invest in exhibition to increase the number of cinemas in the country for the general wellbeing of the Ghanaian people.