Gabon – Minister Of Economy To Lower Prices Of Essential Goods By 15%

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Economy minister Noël Mboumba on Friday presented in Libreville the new mercurial that sets 15% lower prices for essential products, reported Gabon Television (public service).

The new mercurial was presented to professionals in the large-scale distribution sector and to those in charge of the seaports accused of being at the origin of the expensive life in the country.

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In early March 2017, prices rose in Gabon following the entry into force of a new tax called the Special Solidarity Contribution (SSC). With a value of 1%, this tax has been set up to supply the National Health and Social Insurance Fund (CNAMGS, Universal Health Insurance). The goal, according to the government is to better take care of the very poor Gabonese.

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Taking advantage of the entry into force of this new tax, distributors and all economic operators have increased their profit margins by up to 5% or 10% in certain cases.

Martin Safou

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