F&B Association Praises Finance Minister's Juice Tax Abolition
Fruit Beverage Association commends Finance Minister Dr. Ato Forson for removing 20% excise duty on locally produced fruit juices.
The Ghanaian Food and Beverage Association has lauded Finance Minister Dr. Wale Ato Forson for his decisive action in eliminating the 20 percent excise duty on locally manufactured fruit beverages.
The association explained that this tax relief will particularly ease the financial burden on low-income families across Ghana who rely on affordable fruit drinks for daily nutrition. They emphasized that the removal of the tax demonstrates the government's commitment to supporting local industries and making essential food items more accessible.
Dr. Ato Forson's intervention comes as part of broader policy measures aimed at revitalizing Ghana's manufacturing sector. The association highlighted that this move could encourage greater investment in local fruit processing and create more opportunities for Ghanaian farmers.
The association called on other agencies to follow suit by examining similar tax structures that might hinder local enterprise growth. They urged continued focus on policies that promote homegrown businesses and economic inclusivity.
