• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Finance Minister reaffirms Government’s commitment to WHO FCTC Article 6 in tobacco control efforts

1 year ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
59
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Finance Minister reaffirms Government’s commitment to WHO FCTC Article 6 in tobacco control efforts

The Minister for Finance, Dr Amin Mohammed Adam has made a clarion call to all stakeholders and the public to rally behind efforts to reduce and clear out tobacco products off the market to ensure effective sustainable development. 

Speaking on behalf of the Minister, Mr Hendrick Dwomoh-Mensah, Principal Economics Officer of the Ministry made this remark at the maiden National Forum on Tobacco Taxation organized by the Vision for Alternative Development, Ghana (VALD-Ghana), reiterating the threat of the product on the health of citizens. 

“As we may be aware, Article ‘6’ of the World Health Organization (WHO) Framework Convention on Tobacco Control (FCTC) WHO FCTC encourages price and tax measures as the most effective means to reduce the demand for tobacco, including increasing taxes to raise the sales price of tobacco products and prohibiting or restricting sales of tax- and duty-free tobacco products,” he stated  

According to Dr Adam, the Government has not relented in its efforts to reduce tobacco usage since the evolution of excise taxes on tobacco prior 2007 to date, asserting the excise taxes on tobacco has witnessed several reforms in the tax structures from flat ad-valorem to specific excise duty, to ad-valorem in 2010 until recently a mixed structure.  

“This not only demonstrates the Government’s commitment towards these Conventions but also our remarkable strides in the attainment of Sustainable Development Goal (SDG) ‘3’ by 2030, which aims to prevent needless suffering from preventable diseases and premature death by focusing on key targets that boost the health of a country’s overall population,” he noted. 

The Minister said it was alarming to note that the global e-cigarette market was valued by Euromonitor International at over $32 billion a year in 2022 and E-Vapour was worth $19 billion.   

RelatedPosts

Government Reintroduces Free Cocoa Fertiliser Programme to Boost Sector Growth

President Mahama Directs Ministers to Fast-Track Rollout of Ghana’s E-Visa System

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025

“Electronic Nicotine Delivery Systems (ENDS) sales, and Electronic Non-Nicotine Delivery Systems (ENNDS) facilitated the growth of tobacco companies by maintaining nicotine addiction and recruiting younger consumers. In Europe, these companies have been able to market them as healthier alternatives to smoking,” he quipped.

Dr Adam said it was therefore an undeniable fact that the more informed the government was about the sophisticated tactics employed by the tobacco industry, the more effective the nation could impose tobacco control measures including tax policies. 

He commended the efforts of VALD-Ghana, the Ghana Revenue Authority, the Food and Drugs Authority, WHO, IMF and other civil society organizations who had constantly brought to the fore some of these deceptive schemes.

Tags: Finance Minister reaffirms Government's commitment to WHO FCTC Article 6 in tobacco control effortsGhana (VALD-Ghana)National Forum on Tobacco Taxationtobacco control effortsVision for Alternative DevelopmentWHO FCTC Article 6

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

Nigeria Hits Panic Button as West Africa Logs $2.1bn in Suspicious Crypto Transactions

CID Recovers 43 Stolen Luxury Vehicles Smuggled into Ghana

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain

Ledecky’s Heroics Highlight Underwhelming US Campaign at World Aquatics Championships

CAF Establishes New Infrastructure Department to Enhance Stadium Development Across Africa

Trending

Agribusiness

Government Reintroduces Free Cocoa Fertiliser Programme to Boost Sector Growth

August 4, 2025

Government Reintroduces Free Cocoa Fertiliser Programme to Boost Sector Growth The government has officially reintroduced the Free...

President Mahama Directs Ministers to Fast-Track Rollout of Ghana’s E-Visa System

August 4, 2025

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025

August 4, 2025

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

August 4, 2025

Nigeria Hits Panic Button as West Africa Logs $2.1bn in Suspicious Crypto Transactions

August 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.