Government suspends planned increase in beer prices



Government suspends planned increase in beer prices
The government of Cameroon through the Ministry of Trade has suspended the initial decision it took to increase the prices of beer and other alcoholic drinks by the 1st of January 2015 as contained in the 2015 finance law voted by parliamentarians during the November 2014 session of parliament. The decision was taken following a crisis meeting at the prime minister”s office in Yaounde on the 31st of December 2014 between government and consumer associations.
 According to the Cameroon Consumers League, LCC, that was able to mobilise 5000 signatures in three days for a petition that was tabled to government denouncing the announced increase, if such increase was to be effected as contained in the finance law, then between 150fcfa and 600cfa will be added for each bottle of beer sold.
LCC is also accusing the Minister of Finance of having decided to revise excise duties in the said law without consulting all the parties involved in conformity with the regulations susceptible to creating social tension in the country.
Following the 2015 finance law promulgated by parliament, in its section VI, sub II, stipulates that: dispositions relative to value added tax and exercise duties that, for specific cases of alcoholic drinks, the amount of exercise duties of a 25% rate can only be less than: 250 for a litre of beers, 150 by degree of alcohol for wines, liquors and spirits for a % of alcohol between 0 and 24 degrees, 200f by degree of alcohol and by litre for wines, liquors and spirits having alcohol % btn 25 and 50degrees and by litre for wines and 250 for wines having alcohol content of more than 50 degrees.
Given that the 2015 finance law was already voted by parliament and promulgated by executive power, the temporal measure taken by government through a communiqué signed by the Minister of Commerce Luc Magloire Mbarga Atangana to suspend the increase in prices of beer is only seen as a temporal deicision to delay the application of the law which will soon go into effect.

Comments

Post a Comment

Popular posts from this blog

DO NOT TREAT US AS UNDERDOGS AND BEGGERS----NW CAMASEJ PRESIDENT!

The North West chapter of Cameroon Association of English Speaking Journalist (CAMASEJ) have launched a weeklong activities culminating to the commemoration of the 2015 edition of the press freedom day. This was during a press briefing Monday April 27 th at Blue Pearl Hotel Bamenda . Speaking at the event, CAMASEJ president, NW chapter Rosaline Obah enjoined colleagues to stamp out” Ngombo” journalism, say no to influence peddling by egoistic politicians and deceased from trading news with alcohol, a common practice that have gain prominence amongst the press core in Bamenda and embrace a new era of reporting. In a strong worded press statement to members and none members of the association, Rosaline Obah expanding on the theme of this year’s world press freedom which is, let journalism thrives! Towards better reporting, gender equality and media safety in this digital age, she said” it is time we ponder over the changing influence of commercialisation and concentration of owne
Read more

Bamenda City council annouces first ever cultural trade fair

The Bamenda City Council in partnership with the Ministry of Arts and culture   has announced the first ever cultural trade fair to take place in the city of Bamenda from the 7 th_ 21 st Of February   at the Bamenda Municipal stadium with the theme- the contribution of the youth, culture and heritage to an emerging Cameroon. The cultural trade fair to be organized in the city of Bamenda for the first time has as objective to brand Bamenda as a heritage city, celebrate the cultural specificities of the seven divisions of the North west Region, expose the socio-cultural way of life of the entire North west Region and to celebrate the birth of a new cultural heritage industry for the north west Region. The cultural trade fair will manifest its self through cultural dances of traditional patrimony, traditional dresses that tell the story of the people of Bamenda, songs of customs and traditions: incantations, dirges, birth celebrations, choral displays, culinary arts and guided tour
Read more

THE MILL HILL ‘FORCE’ IN CAMEROON MAGNETS AGAIN: NJINIKOM GETS ANOTHER PRIEST.

Image
BISHOP GEORGE N REV FR LINUS KANG St Anthony’s parish Njinikom has produced another Mill Hill priest. Rev Fr Linus Kang was ordained Saturday June 15 by Bishop George Nkuo. During the pontifical high mass, Bishop George Nkuo expressed joy that just after two years, he was back at his home parish for another ordination, saying the Mill Hill has found fertile ground for vocations in Njinikom. Christened, priest of the new covenant, Rev Linus Kang was challenged to enforce the universal law of love and to love just every one even those who had blocked the bishop and others like the Mill Hill superior at Baingo for hours, almost thwarting the ordination. He was asked to be ready to suffer and not to fear because the church in Njinikom that has been for over a century shall always pray for him. FR LINUS DURING LITANY OF SAINTS In the presence of the Christian community, Rev Linus vowed to preach the gospel and the catholic faith resolving to be like Jesus Christ founder of Chr
Read more