Government rejects Accra Brewery’s 2,000-job warning over beer excise duty changes
By Amoako Kwame Government has rejected Accra Brewery PLC’s warning that changes to Ghana’s beer excise duty regime could put as many as 2,000 jobs at risk, insisting that the company has not provided sufficient evidence to support the claim. The Ministry of Finance has also defended the revised tax regime, arguing that the existing […]
Government has rejected Accra Brewery PLC's claim that changes to Ghana's beer excise duty regime could put as many as 2,000 jobs at risk, insisting there is insufficient evidence to support the claim. The Ministry of Finance argues that the existing concession has become less effective as an incentive and has cost the state approximately GH¢1.75 billion in foregone revenue over the past three years.
The dispute centers on changes to the excise duty structure for beer and stout, particularly the concessionary rates granted to locally produced alcoholic beverages based on the proportion of locally sourced raw materials used in production.
Brief written by urgent.news from GBC Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
