FABAG thanks government as fruit juice tax cut takes effect October 1

The Food and Beverages Association of Ghana (FABAG) has welcomed the abolition of the 20% excise duty on locally manufactured fruit juices, set to take effect from October 1, 2026. This reform, following the passage of the new Excise Duty Act by Parliament and its assent by President John Mahama, comes as a relief for an industry that has faced significant challenges since the tax was introduced in 2023.

FABAG praised the Finance Minister, Parliament, and the President for delivering on their commitment to abolish the tax, describing it as a major step towards supporting local value addition, manufacturing, employment creation, and economic growth.

Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.