PRIME MINISTER ALERTS ON THE RAISE IN PRICE OF DRINKS.

In a letter addressed to the Prime Minister, Joseph Dion Ngute, the Association of Alcohol Producers in Cameroon demand an increase of 50 frs CFA in the price of beer and soft drinks , citing the need to cope with the rise in taxes resulting from the 2024 FinanceAct

The letter, dated 20th December 2023, reflects the brewers’ desire to bear the financial repercussions of the new legalization. The request for a modest increase is intended to offset the fiscal impact of the Finance Act, signed by the President of the Republic on 19th December 2023.

According to the letter, the addition of 50frs cfa, per bottle of beer and soft drinks, from the entry of the 2024 Finance Act, is presented as a fair solution. The breweries suggest that this increase, combined with the new tax measures, would enable the state to collect additional value-added tax (VAT) while facilitating a fair distribution among the various players in the supply chain, including producers, distributors and retailers.

This request , will change a lot in the economy of drink industries in Cameroon, distributors, the retailers and the consumers.

Delia Nyadi.