Under the new legislation, Ghana will extend a 20% tax rebate to key film productions, complemented by various film financing incentives.
Ghana has announced to introduce its first film tax incentive, which will provide a 20% tax rebate for film production, in a move aimed at boosting the country’s film industry, according to a report by Deadline.
The announcement of this legislation came directly from President Nana Akufo-Addo during his State of the Nation address on February 27. The law not only encompasses a 20% tax rebate but also includes a range of film financing reliefs. These reliefs comprise exemptions on import duties for film production equipment, port taxes, and other cash levies, along with income tax benefits.
Addressing the nation, President Akufo-Addo affirmed the government’s commitment to fostering the production of top-tier content and films. He emphasised the importance of enhancing cinema infrastructure within Ghana and across the continent, underlining the pivotal role of the National Film Authority in driving these initiatives forward.
President Akufo-Addo further noted that the detailed framework of the incentive is currently under development by the cabinet and is slated for unveiling in the near future. He expressed confidence that this incentive would solidify Ghana’s status as the preferred destination for film production.
Ghana has already garnered attention as a filming location for notable productions such as portions of Gina Prince-Bythewood’s The Woman King and the BBC series Black Earth Rising starring Michaela Coel.
Under the leadership of CEO Juliet Yaa Asantewa Asante, the National Film Authority of Ghana has undertaken a series of ambitious initiatives over the past three years. These efforts, including the widely acclaimed Shoot in Ghana campaign, have aimed to position Ghana as a premier film hub on the African continent. The campaign has attracted international productions like the NFL Super Bowl spot Born to Play, produced by TD Afrique Films (Beasts of No Nation), led by Danny Damah and Tony Tagoe.
With a strategic focus on enhancing local infrastructure and crew skills, the National Film Authority of Ghana aims to see 80% of crew members employed in inward investment productions sourced from Ghana. This concerted effort underscores Ghana’s determination to make its mark as a leading destination for film production in Africa and beyond.
