27.2 C
Accra
Wednesday, July 3, 2024
NewsTax policies on products like tobacco, alcohol with negative public health consequences...

Date:

Tax policies on products like tobacco, alcohol with negative public health consequences beneficial – FDA

spot_img

Chief Executive of Ghana’s Food and Drugs Authority, Delese Mimi Darko emphasized the positive impact of tax policies on products like tobacco and alcohol, which have adverse public health effects.

Speaking at the first National Forum on Tobacco Taxation in Accra, themed “Strengthening the Evidence for Effective Tobacco Taxation for Health and Development in Ghana,” organized by Vision for Alternative Development – Ghana (VALD-Ghana), she highlighted that these taxes not only promote health equity and prevent diseases but also save lives and generate revenue for the national budget.

This revenue, she noted, could bolster Universal Health Coverage efforts.

- Advertisement -

Madam Darko underscored the significance of Ghana‘s adoption of the Excise Duty Amendment Act, 2023 (Act 1096), transitioning from an ad-valorem tax structure to a mixed tax structure for tobacco products.

This change, she explained, aligns with global standards set by the WHO Framework Convention on Tobacco Control (WHO FCTC) and aims to curb youth initiation by making tobacco less affordable.

Globally, tackling tobacco use is pivotal to achieving the Sustainable Development Goals (SDGs), particularly SDG Target 3.4, which aims to reduce premature mortality from non-communicable diseases (NCDs) by one-third by 2030.

Madam Darko emphasized that beyond health benefits, tobacco control efforts in Ghana also contribute to poverty reduction, economic strengthening, and sustainable development.

- Advertisement -

Deputy Commissioner of the Ghana Revenue Authority, Dr. Charles Addai highlighted that the Excise Duty (Amendment) Act 2023 (Act 1108) supports revenue generation and aims to reduce the consumption of harmful products like tobacco through increased tax rates and the inclusion of e-cigarettes in the tax regime.

Latest stories

Mahama garners 51.1%, Bawumia secures 38.2% in InfoAnalytics’ recent 2024 election polls

A recent poll conducted by Global InfoAnalytics indicates a...

What did I say that is not true? Where is the dollar – Adongo asks Finance Minister

Ranking Member on the Finance Committee of Parliament, Isaac...

Sarkodie to perform in France during 2024 Olympic Games – DJ Mensah

Ghanaian DJ Mensah recently disclosed that rapper Sarkodie will...

Inter Allies thank Okudzeto Ablakwa for cash donation

Inter Allies FC, a newly promoted Division One League...

Napo qualifies to be a better fit for Bawumia – Osei Kyei-Mensah-Bonsu

Member of Parliament for Suame, Osei Kyei-Mensah-Bonsu, has voiced...

Related stories

Mahama garners 51.1%, Bawumia secures 38.2% in InfoAnalytics’ recent 2024 election polls

A recent poll conducted by Global InfoAnalytics indicates a...

What did I say that is not true? Where is the dollar – Adongo asks Finance Minister

Ranking Member on the Finance Committee of Parliament, Isaac...

Napo qualifies to be a better fit for Bawumia – Osei Kyei-Mensah-Bonsu

Member of Parliament for Suame, Osei Kyei-Mensah-Bonsu, has voiced...

We have brought the economy back to life – Finance Minister

Finance Minister Amin Adam has made claims that efforts...

Govt officials selling state assets to themselves to control banks – Financial analyst

A financial analyst, Scott Bolshevik, has accused government officials...

Big Sea suffered losses over breach of contract by gov’t – Jakpa

Richard Jakpa, the third accused in the ongoing ambulance...

Parliament, Cabinet approved ambulance deal after due diligence – Jakpa to court

Richard Jakpa, the third accused in the ongoing ambulance...

LEAVE A REPLY

Please enter your comment!
Please enter your name here