• 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

VALD Ghana, A4H call for benchmarking of taxes on SSBs and alcohol to inflation rate

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
97
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

VALD Ghana, A4H call for benchmarking of taxes on SSBs and alcohol to inflation rate

Labram Musah, the Executive Director of Vision for Alternative Development (VALD) Ghana, has issued a resounding call for the benchmarking of taxes on Sugar-Sweetened Beverages (SSBs) and alcohol to the prevailing headline inflation rate in the country.

This comes amidst heightened concerns over the negative health impacts of excessive consumption of these products. With Ghana’s headline inflation currently standing at 42.2% as of May 2023, according to the Ghana Statistical Service (GSS), Musah asserts that adjusting taxes in line with inflation is a crucial step towards curbing consumption by making these products less affordable.

During an exclusive interview with norvanreports on June 15, 2023, Musah proposed a comprehensive taxation approach, suggesting an ad valorem tax of 50% or higher on tobacco, coupled with a specific tax of $0.02 cents. By linking taxes on SSBs and alcohol to inflation and adopting a more robust taxation structure on tobacco, Musah believes that the increased financial burden will discourage consumption and contribute to improved public health outcomes.

Addressing the National Stakeholders Meeting on Health Taxes and Implementation of the Excise Duty Amendment Act 2023 on Thursday, Musah emphasized that benchmarking taxes on SSBs and alcohol to inflation, along with the proposed tax structure on tobacco, will effectively limit accessibility and availability of these products to Ghanaians. By elevating the prices of these goods, consumers will be deterred from excessive consumption, ultimately reducing the associated health risks.

Furthermore, Musah urged the Ghanaian government to enact policies that prioritize the allocation of a significant percentage of tax revenues generated from SSBs, alcohol, and tobacco to bolster healthcare delivery in the country. This would serve as a vital step towards addressing the broader health implications and associated costs resulting from the consumption of these products. By earmarking a portion of the tax revenues, the government can proactively invest in healthcare infrastructure, prevention programs, and public awareness campaigns, ensuring the well-being of Ghanaian citizens.

The recently enacted Excise Duty Amendment Tax has already witnessed a 20% increase in taxes levied on alcoholic beverages, tobacco products, and SSBs. This regulatory measure aims to generate substantial revenue while simultaneously curbing consumption by making these goods less financially accessible. Processed fruit juice, cigars, mineral water, spirits, wines, including sparkling wine, are all subject to the amended tax, further highlighting the government’s commitment to addressing public health concerns through effective taxation.

RelatedPosts

Bright Simons Questions Policy Rationale Behind Communications Minister’s Demand for 30% DSTV Price Cut

Public Transport Fares to Rise by 20% From August 8 

Shipping Giant, Maersk ends Direct US Trade Route to Africa’s Largest Economy

It is worth noting that the implementation of Musah’s proposal would bring about significant changes in consumer behavior and have far-reaching implications for public health outcomes in Ghana. As the call for tax benchmarking gains traction, industry stakeholders, public health advocates, and the general public eagerly await the government’s response to these recommendations. The ability to strike a balance between revenue generation and health promotion will undoubtedly shape the future landscape of taxation policies on SSBs, alcohol, and tobacco in Ghana, setting an important precedent for other nations grappling with similar challenges.

Tags: A4H call for benchmarking of taxes on SSBsAdvocating for Health (A4H) ProjectalcoholSSBstobaccotobacco to inflation rateVALD Ghana
No Result
View All Result

Highlights

Africa’s Biggest Stock Exchange Considers Extending Trading to 24 Hours

Lewis Hamilton’s Future at Ferrari in Question After Tough Hungarian GP

Transfer DealSheet: Latest on Benjamin Sesko, Nicolas Jackson and More

Gov’t Targets 650,000 Tonnes of Cocoa Production for 2025/26 Crop Season, Eyes 1 Million Tonne Output in the Long-term 

Shoprite to Exit Ghana and Malawi Sharpening Focus on Core South African Market

Gold Fields Forecasts Total Gold Production of 2.4 Million Ounces for 2025

Trending

Features

Bright Simons Questions Policy Rationale Behind Communications Minister’s Demand for 30% DSTV Price Cut

August 5, 2025

Bright Simons Questions Policy Rationale Behind Communications Minister’s Demand for 30% DSTV Price Cut Renowned public policy...

Public Transport Fares to Rise by 20% From August 8 

August 5, 2025

Shipping Giant, Maersk ends Direct US Trade Route to Africa’s Largest Economy

August 5, 2025

Africa’s Biggest Stock Exchange Considers Extending Trading to 24 Hours

August 5, 2025

Lewis Hamilton’s Future at Ferrari in Question After Tough Hungarian GP

August 5, 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.