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FABAG Demands Tax Cut to Revive Fruit Juice Sales

2/17/2025

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Summary

FABAG Advocates Tax Removal

The Food and Beverages Association of Ghana (FABAG) calls for the removal of the excise tax on fruit juices.
FABAG reports a 50% decline in sales and decreased government revenue due to this tax.
The local industry struggles with excessive taxes, impacting its competitiveness and growth.
Eliminating the excise tax could enhance production, generate jobs, and improve tax revenue.
FABAG is ready to collaborate with the government to meet economic objectives.

Summary

Mahama Advocates Tax Compliance

President John Dramani Mahama stressed the importance of tax compliance to tackle Africa's $402 billion financing gap at an AU meeting.
He pointed out challenges such as climate crises and geopolitical tensions impacting economic growth.
Mahama stated there are no immediate plans to extend Ghana's $3 billion IMF Extended Credit Facility, prioritizing current commitments.
His administration plans to rationalize taxes and enhance compliance, with a budget presentation scheduled for March.
The IMF will assist in optimizing Ghana's tax system to improve revenue collection.

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FABAG Advocates Tax Removal

The Food and Beverages Association of Ghana (FABAG) calls for the removal of the excise tax on fruit juices.
FABAG reports a 50% decline in sales and decreased government revenue due to this tax.
The local industry struggles with excessive taxes, impacting its competitiveness and growth.
Eliminating the excise tax could enhance production, generate jobs, and improve tax revenue.
FABAG is ready to collaborate with the government to meet economic objectives.

1 / 2