--IWL research findings reveal
In attracting both domestic and foreign investment, particularly within the extractive industry, IWL has suggested that tax incentives play a significant role.
IWL submitted the report to members of the African Parliamentary Network on Illicit Financial Flows and Taxation on Capitol Hill on Wednesday, 10 April 2024. He detailed that the study sheds light on the driver's financial landscape within the sector, and it further highlights significant vibration in the operational scale.
From 2020 to 2023, he said revenue from sand mining and quarrying activities in Montserrado and Margibi counties exhibited fluctuations. Aidoo revealed that the tax incentives averaging about 30% of revenue and 6% of GDP annually, represent untapped potential crucial for supporting national policy agendas.
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