The Food and Beverages Association of Ghana (FABAG) is appealing to government to make the 2026 National Budget a turning point for the revival of Ghana’s struggling manufacturing and trade sector.
According to the Association, persistent economic pressures—including excessive taxes, unstable exchange rates, and high production costs—have pushed many local businesses to the brink, forcing some to shut down or relocate to neighbouring countries.
FABAG says the 2026 Budget should focus on easing the tax burden on manufacturers, stabilising the local currency, and providing incentives to boost local production and exports.
“Over the past years, our industry has endured numerous challenges, including high import duties rising production costs, unstable exchange rates, inflationary pressures and excessive taxation. These factors have placed significant strain on manufacturing, importers and distributors, threatening jobs and reducing Ghana’s attractiveness as a business destination within the sub-region,” a statement from FABAG noted.
The group is also urging the government to halt the introduction of new taxes, streamline regulatory agencies’ functions to reduce bureaucracy, and prioritise job creation through agro-processing and industrial support.
FABAG further appealed for policies that promote sustainable packaging and environmental compliance through incentives, rather than punitive environmental taxes.
The Association expressed optimism that a well-designed 2026 Budget could help rebuild the private sector, stimulate production, and create decent jobs for Ghanaians.
“As an important stakeholder in Ghana’s manufacturing and trade ecosystem, the Association believes the upcoming budget will reflect policies that support business recovery, competitiveness and sustainable industrial growth in the food and beverage sector,” FABAG added.
Find below the statement
