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Tax cuts key to boosting locally produced fruit drinks – FABAG President

by Newsroom
18 February 2025
in Business, News
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Tax cuts key to boosting locally produced fruit drinks – FABAG President
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Rev. John Awuni, the President of the Food and Beverages Association of Ghana (FABAG), has called for a reduction in taxes to help local businesses operate at full capacity, particularly in the fruit drink sector.

Speaking on ABC’s morning show, Awuni explained that the current tax burden has been a major obstacle for manufacturers, restricting their ability to produce efficiently and reducing overall output due to escalating costs.

Awuni argued that lowering taxes would immediately restore businesses, enabling them to implement their plans and boost production. “The moment this tax is removed, then businesses can restore back,” he stated.

He emphasized that the benefits of tax reductions would not only aid manufacturers and businesses but would also positively impact the wider Ghanaian economy and the government’s revenue generation.

He further stressed that a reduction in taxes would contribute to national development by promoting the continuous operation of businesses and driving demand and production.

“It’s not only for manufacturers or businesses, it is for the Ghanaian and for the government as well. We are talking about national development, operation of businesses 24 hours, and it does not happen in a vacuum. It happens within the element of increased demand and increased production,” Awuni concluded.

Tags: Food and Beverages Association of Ghana (FABAG)Rev. John Awunitax
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