• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 22, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Government to Heavily Tax Smokers

M.Cby M.C
April 20, 2022
Reading Time: 3 mins read
M.Cby M.C
in Economy
0
Government to Heavily Tax Smokers

A Smoker

Dr Godfred Seidu Jasaw, Member of Parliament (MP) for Wa East and a member of the Parliamentary Select Committee on Food, Agriculture and Cocoa Affairs, has iterated government’s preparedness to support the new tax structure on tobacco products to discourage smokers.

The Member of Parliament lauded Civil Society Organizations (CSOs) and institutions working for a tobacco tax reform, from ad-valorem to specific tax or mixed tax regime to control the challenges of tobacco consumption.

Dr Godfred Seidu Jasaw gave the assurance at a capacity workshop for government institutions and CSO actors on tobacco taxation, control and illicit trade in tobacco products. The workshop, which was organized by the Vision for Alternative Development (VALD) in collaboration with the Ghana Revenue Authority (GRA) and Tax Justice Network Africa (TJNA), was attended by some Members of Parliament and representatives from the Food and Drugs Authority (FDA), Ministry of Health, Ministry of Finance, and Ghana Revenue Authority (GRA).

RelatedPosts

Professionals question IMF’s Impact on Ghana’s Economy

Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn

24-Hour Economy Cost Underestimated, Sarkodie Bemoans

Dr Olivia Boateng, Head of Tobacco and Substances Abuse and a WHO Framework Convention on Tobacco Control (WHO FCTC) focal person of the FDA noted that tobacco taxation is a strategy for effective control and reduction in the product use among lower-income groups and in preventing young people from starting to smoke.

“A tax increase that increases tobacco prices by 10 per cent decreases tobacco consumption by about four per cent in high-income countries and by up to eight per cent in most low and middle-income countries (WHO).

“Though progress in its implementation has been slow, the government of Ghana uses tobacco taxation to generate revenues. Currently, the government uses the ad-Valorem excise system which is based on the ex-factory price or cost, insurance, and freight (CIF). The ad-valorem tax structure has CIF as the basis for determining the tax payable. While the tax rate (175 per cent of CIF) was high compared to the rest of the sub-region, the tax structure is such that it has an exceptionally low tax proportion of the retail price.”

Dr Olivia Boateng

Ad-valorem and specific Tax

Dr Boateng disclosed that implementation of a mixed strategy of Ad-valorem and specific tax was proposed by stakeholders to control the affordability and accessibility while increasing government revenues. She stated that the policy proposal is in line with the recommendations of Article six of the WHO Framework Convention on Tobacco Control (FCTC).

The Head of Tobacco and Substances Abuse added that under the new proposed hybrid system, the current import excise tax of 175 per cent Ad-valorem would be maintained, together with the introduction of a specific tax component of per pack of 20 cigarettes with the option of adjustments to cater for inflation.

ADVERTISEMENT

Mr Rodgers Kidiya, a Policy, Research and Advocacy Officer of TJNA, made a presentation on significance of tobacco taxation and illicit trade from best practices and lessons for Ghana and countering industry interferences. He indicated that higher tobacco taxes would significantly reduce consumption and increase government revenue, adding that the counterarguments about the negative economic impact by the tobacco industry are false and overstated. “Taxes generally are considered to be one of the ‘best buys’ in non-communicable disease prevention”.

READ ALSO: Ghana Stock Exchange Returns From Its Easter Break With a Loss

Tags: advalerom taxtaxtobacco products
Please login to join discussion
Previous Post

Angola: Gov’t Mulls Increasing Oil and Gas Refining Capacity

Next Post

AfDB Group Hosts ‘Pre-Annual Meetings’ Press Conference

Subscription Form

Related Posts

Professionals question IMF’s Impact on Ghana’s Economy
Economy

Professionals question IMF’s Impact on Ghana’s Economy

October 22, 2025
Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn
Economy

Ghana Beats Fiscal Target as Budget Deficit Shrinks to GH¢19.7bn

October 22, 2025
24-Hour Economy Cost Underestimated, Sarkodie Bemoans
Economy

24-Hour Economy Cost Underestimated, Sarkodie Bemoans

October 21, 2025
Cedi’s October Surge Stuns Markets as 16% Jump in Two Weeks Sparks Investor Optimism
Economy

Cedi’s October Surge Stuns Markets as 16% Jump in Two Weeks Sparks Investor Optimism

October 21, 2025
20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions
Economy

20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions

October 20, 2025
Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December
Economy

Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December

October 20, 2025
Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill
General News

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

by Silas Kafui AssemOctober 22, 2025
Louvre Director, Laurence des Cars.
Europe

Louvre Director Admits Security Failure

by Comfort AmpomaaOctober 22, 2025
Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation
Extractives/Energy

Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation

by Bless Banir YarayeOctober 22, 2025
Professionals question IMF’s Impact on Ghana’s Economy
Economy

Professionals question IMF’s Impact on Ghana’s Economy

by Michael Teye-Bio NaduteyOctober 22, 2025
Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom
Banking

Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom

by M.COctober 22, 2025
Israel’s Expansion Of Settlements In Occupied West Bank Slammed
Asia

Knesset Advances Bill To Impose Israeli Sovereignty On Occupied West Bank

by Comfort AmpomaaOctober 22, 2025
Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill
Louvre Director, Laurence des Cars.
Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation
Professionals question IMF’s Impact on Ghana’s Economy
Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom
Israel’s Expansion Of Settlements In Occupied West Bank Slammed

Recent News

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

October 22, 2025
Louvre Director, Laurence des Cars.

Louvre Director Admits Security Failure

October 22, 2025
Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation

Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation

October 22, 2025
Professionals question IMF’s Impact on Ghana’s Economy

Professionals question IMF’s Impact on Ghana’s Economy

October 22, 2025
Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom

Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom

October 22, 2025
Israel’s Expansion Of Settlements In Occupied West Bank Slammed

Knesset Advances Bill To Impose Israeli Sovereignty On Occupied West Bank

October 22, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address