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Ivorian tobacco industry: risks of increasing tobacco sales prices

05/11/2024
Source : ORISHAS FINANCE
Categories: Sectors

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Dans le but d' accroitre tax revenues, an increase in retail tobacco selling prices is expected (1500 to 2000 FCFA per pack). This increase involves a risk that far exceeds the expected benefits

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The increase in tobacco sales prices could lead to the closure of the only Ivorian tobacco industry. This can lead to the destruction of thousands of jobs and the threat to the livelihoods of many families. Also, this increase may open the door to illicit trade, putting the country's security situation at risk. The illicit cigarette trade is often linked to criminal networks, financing other illegal activities. This rise in prices would position Côte d'Ivoire as one of the countries where cigarettes are the most expensive in West Africa

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