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Last year, import exemptions granted to foreign companies and other institutions rose by 15.5 per cent to GH¢2.6 billion.

The rise in exemptions from GH¢2.3 billion in 2016 to last year’s figure brings to the fore the country’s inability to control the amount of tax freebies granted to foreign firms in spite of the government’s pledges to help curb it.

The 2017 provisional outturn for import exemptions also means that the government missed its import exemptions target of GH¢1.3 billion by 100 per cent.