Senegal: authorities reduce prices of food and cement

Senegal: authorities reduce prices of food and cement
Senegal: authorities reduce prices of food and cement

The price of a kilogram of broken rice, the most consumed by households, and a liter of refined oil have respectively recorded a drop of 40 and 100 FCFA, announced this Thursday, June 13, 2024, the Secretary General of the Government, Ahmadou Al Aminou Lo .

The kilogram of crystallized sugar goes from 650 to 600 CFA francs while the baguette undergoes a reduction of 15 FCFA, from 175 FCFA to 160 FCFA, Mr. Lo also reveals during a press conference.

At this level, the government had to suspend customs duties and reduce VAT on wheat flour used for making bread in order to win the support of bakers, explained Mr. Lo.

The new prices will be effective after a government meeting with the National Consumer Council, scheduled for June 18, 2024.

To support this drop in prices, the Minister of Finance and Budget, Cheikh Diba, reveals that the government has injected nearly 53.4 billion FCFA.

Furthermore, the State has also decided to suspend payment of the tax of 2,000 CFA francs on the ton of cement intended for residential construction. But “large companies will have to continue to pay this tax,” he said.

Expected since the arrival of new leaders, the reduction in the cost of basic necessities is a response to the commitments made by candidate Bassirou Diomaye Faye during the presidential campaign.

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