Enough Is Enough!” — Food & Beverage Sector Fights Back Against Crushing Taxes
As we wait for the 2026 Budget to be presented, FABAG has asked the government to stop what it sees as unfair taxes that are hurting the business. FABAG said in a statement that the sector is still having a hard time because of high import fees, rising production costs, uncertain exchange rates, price pressures, and many taxes. These problems are putting jobs at risk and making Ghana less appealing to investors. The Association asked the Minister of Finance to get rid of taxes like the COVID-19 charge, import duties, the Environmental import tax, and container fumigation fees, saying that these taxes have made businesses less competitive, raised costs, and made theft more likely. FABAG also asked the government not to add any new taxes in 2026, but instead to make it easier to collect taxes, make the tax base bigger, and support local industry. To cut down on red tape and costs, it also asked governmental groups like the FDA, GSA, and GRA to streamline tasks that they do more than once. The Association said again that it was ready to work with the government to support a stable, growth-driven economy. They stressed that a business-friendly 2026 Budget will bring in more money, encourage investment, and make the country better off overall.
