Beer prices in Cameroon have since the 16th February 2015 experienced an average 75CFA francs increase. The upsurge was made public in a joint decree signed by the Ministers of Finance and Trade on 12th February 2015.
“Is beer now 650
francs?” Many consumers wondered over this question as soon as the decision was
being executed at beer parlours yesterday.
The decree is a
logical follow-up to rumours of an imminent increase propagated since December
2014. Many who believed in this increase pointed to the 2015 Finance Law that
saw an increase on taxes levied on beer.
At the
Directorate General of Taxation, officials explain that the new prices were
agreed upon after a meeting with businessmen involved in the sector and
consumer associations. During the sitting, participants attempted to strike a
balance between the purchasing power of consumers and profits of the brewery
companies.
Accordingly, 65
centilitres of beer will witness a 75 CFA francs increase; an average 600 CFA
francs and a crate 6600 CFA francs up from 5400CFA. In the same vein, a 33
centilitres bottle will be sold at 375 CFAF more.
Most
Cameroonians have criticised the new measures given that beer is one of the
most consumed beverages in the country.
By
Eleanor Ayuketah
Photo credit: http://www.nvtc.ee
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