The Food and Beverage Association of Ghana (FABAG) has strongly opposed the Ghana Revenue Authority’s (GRA) plan to introduce new machines for affixing Excise Tax Stamps on products.
According to FABAG Chairman, Reverend John Awuni, the proposed replacement of existing machines would impose significant financial burdens on their members.
“We unequivocally reject any move to replace the existing machines used in our facilities for the Excise Tax Stamp System,” the statement said.
Many FABAG members invested in the current machines as recently as 2020 and have yet to recover their costs.
FABAG argues that the introduction of new machines would exacerbate existing financial difficulties, including long-standing capital inadequacies faced by businesses in the industry.
The association views the GRA’s push for new equipment as an attempt to exploit manufacturers rather than simplify tax compliance.
FABAG emphasized that its members are satisfied with the current machines provided by the GRA and see no need for the proposed changes.
