Packaged water producers say they have stayed out of the raging controversy over the imposition of the 20 per cent ad valorem tax on their products because they believe in the ultimate objective of the tax.
At a closed-door meeting held Thursday to approve a new price inclusive of the tax, the members said they would go ahead to implement the tax because the consuming public which is most likely to be affected appears not so worried.
The association’s president, Magnus Nunoo, says the end users are likely to be the bearers of the additional costs.
Mr. Nunoo is meanwhile hopeful the Finance Ministry will resolve the issues that are impeding the implementation of the tax.
“The consumer is the one who is paying, whether you like it or not,” he said.
Though the producers have proposed a new price of GHp7 per sachet to take effect from next month, they concede retailers may use the excuse of unavailability of change to sell at GHp10.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Trump’s tariffs leave China’s neighbours with an impossible choice
4 hours -
Racially charged row between Musk and South Africa over Starlink
4 hours -
US issues warning over new Zambian cybersecurity law
4 hours -
Moroccan Sahara: Hungary reaffirms support for autonomy plan, calls it ‘basis for solution’
4 hours -
Croatia hails King Mohammed VI’s leadership as Chairman of Al-Quds Committee
5 hours -
Trump and Meloni talk up chances of US trade deal with Europe
5 hours -
Google has illegal advertising monopoly, judge rules
5 hours -
Trump attacks Fed boss Powell for not cutting interest rates
5 hours -
Maguire scores last minute winner as Man United beat Lyon in 9-goal classic
6 hours -
Alcaraz beats Djere to reach Barcelona Open quarters
6 hours -
Thieves allegedly break into warehouse in Techiman, steal drought-relief items for farmers
6 hours -
Croatia backs Morocco’s autonomy plan as ‘good basis’ for political solution to Sahara dispute
6 hours -
France and Morocco deepen ties in ‘new chapter’ of strategic partnership
6 hours -
Gabon forward Boupendza dies aged 28
6 hours -
Authorities are aware of cybercrime hideouts, but no action – Int’l Diplomatic Consultant
7 hours