Plastic prices to increase by 7% from July 1 due to new excise tax – GPMA announces
Consumers should brace for a hike in the prices of plastic products as the Ghana Plastic Manufacturers’ Association (GPMA) has announced a 7% price increase on all locally manufactured plastic goods, effective 1st July 2025.
In a statement issued and signed by the Association’s President, Ebbo Botwe, the GPMA attributed the price adjustment to the recent implementation of a 5% Excise Tax on locally produced plastic products.
The Association noted that the move, while regrettable, has become necessary to cushion manufacturers against the added tax burden imposed by the new government policy.
“We wish to inform all our cherished clients that, with effect from 1st July 2025, all our prices will be increased by 7%,” the statement read.
“This has become necessary due to the implementation of the 5% Excise Tax on all locally manufactured plastic products.”
The GPMA has urged businesses, retailers, and consumers to take note of the adjustment and plan accordingly.
The announcement comes amid rising concerns about the cost of doing business in Ghana, especially within the manufacturing sector, where energy costs, raw material prices, and regulatory fees continue to climb.
Source: Classfmonline.com/Cecil Mensah
Trending Business

Industry slowdown drags November growth to 4.2% – GSS
14:41
GIPC, U.S. Embassy explore new investment opportunities to deepen commercial ties
12:14
SIC Insurance pays GHS107.6 million in claims in 2025
08:34
Obeng questions capacity, cost and penalties under Marine Cargo Act
00:01
GOLDBOD summons 6 gold service providers over compliance checks
19:57
IEAG proposes reforms as GOLDBOD practices raise concerns for private operators
18:01
BoG inaugurates committees to drive bank listings on Ghana Stock Exchange
11:07
GIPC champions bold reforms to attract small and impact investors into Ghana’s SME sector
11:43
'Adwumawura' Grant Committee begins selection of 2,000 youth businesses in Ho
08:39
SIC Insurance PLC honoured at Ghana Re Cedants Awards
08:26



