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Ghana bets on tax breaks to attract global filmmakers

Ghana bets on tax breaks to attract global filmmakers

GHANA'S move to introduce tax incentives for film productions marks a significant step in its quest to become a global film and content creation hub. By offering incentives to filmmakers, Ghana hopes to attract more global productions and carve out a niche for itself as a favourable shooting location on the continent, potentially reshaping its burgeoning film sector. A 20% tax rebate and other fiscal incentives, such as import duty exemptions on film production equipment, were revealed during President Nana Akufo-Addo's State of the Nation address at the country’s parliament in February 2024. “This should provide another tangible reason for…
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Egypt moves to shore up tourism sector in shadow of Gaza war

Egypt moves to shore up tourism sector in shadow of Gaza war

EGYPT is offering incentives to shore up its tourism industry in southern Sinai on the Red Sea, with fallout from the conflict in the Gaza Strip so far contained to under 10% of bookings in the country, the Egyptian tourism minister said on Monday. Tourism, a key source of scarce foreign currency for Egypt, was on track to earn more than $13 billion this year and hit a target of 15 million visitors, despite some delayed reservations for the end of the year, Ahmed Issa said in an interview. Ratings firm S&P Global warned on Monday that a fall in…
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