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Price increase of sachet, bottled water due to cedi depreciation – GPMA
The Ghana Plastic Manufacturers Association (GPMA) says the increase in sachet water and bottled water prices are as a result of the cedi depreciation against major currencies.
Speaking on Morning Starr with Francis Abban, President of the Ghana Plastic Manufacturers Association, Ebo Botwe indicated that the price of their raw materials has seen a marginal increase of between 20 to 30 percent on the back of the Cedi’s depreciation.
“Our raw material base is 100% import and this has seen marginal increase. The bottom line has got to do with the dollar rate. So in as much as the dollar goes high we might buy the raw but the exchange rate makes it very, very high. That aside we have also seen local content costs also skyrocketing. It is actually out of control.
“I think it should be on the laps of the government on how to stabilize the dollar. There is nothing we can do, and as business people we need to stay in business at least to break-even and therefore we will have to adjust prices as and when the dollar goes up,” Mr. Botwe stated.
He continued: “The prices of plastic have gone up marginally but the dollar a few months ago, where we were and where are we now with the dollar. It has to do much more with the foreign exchange.”
Background
Sachet water and bottled water prices are expected to go up today Monday, September 19, 2022.
The National Association of Sachet and Packaged water Producers (Naspawap) in a statement said the adjustment is to help producers cover their production costs, on the back of the increasing cost of raw materials, fuel, and the cedi’s depreciation.
Iced sachet water is to be sold at 50 pesewas, ice bottled water 500ml to be retailed at 2ghc, and iced bottled water, 750ml or medium size, also to be retailed at 3ghc.
Also a bag of sachet water, 500ml by 30, will now sell at 7ghc from the retail trucks. Mini shops will now retail a bag of sachet at 9ghc per bag.
“We appreciate the difficulties our consumers have to go through to endure these hardships. We appeal to all to bear with us.” the statement read.
Source: Starrfm.com.gh
Ghana’s First Lady, Lordina Mahama, has made a generous donation to the country’s national female Under-17 and Under-20 teams – Black Maidens and Black Princesses- as they continue preparations for major international assignments.
The donation, made on Friday, May 22, was presented on behalf of the First Lady by the Minister for Gender, Children and Social Protection, Agnes Naa Momo Lartey, at the GFA Technical Centre in Prampram.
The gesture forms part of efforts to motivate and support Ghana’s young female footballers as they prepare to represent the country on the international stage.
The donation included essential food items and toiletries aimed at supporting the welfare and well-being of the players and technical teams.
The donation included cartons of Milo, T-rolls, soft drinks, toiletries, and a range of essential supplies aimed at supporting the welfare of the players, enhancing camp conditions, and easing preparations ahead of their respective assignments.
The Black Maidens are currently engaged in preparations for the FIFA U-17 Women’s World Cup qualifiers and are set to take on Liberia women’s national under-17 football team in the second-leg encounter in Liberia this weekend.
Meanwhile, the Black Princesses have already secured qualification to the FIFA U-20 Women’s World Cup after overcoming Uganda in the qualifiers, extending Ghana’s remarkable record to eight consecutive appearances at the tournament.
The donation by the First Lady was expected to boost morale within both camps while reinforcing national support for the young female footballers who continue to make the country proud.
The prosecution has officially rested its case in The Republic v Solomon Asamoah & Another, the high-profile legal battle commonly referred to as the “Sky Train” case.
The Deputy Attorney General Justice Srem Sai announced the development, praising the state’s team of hard-working prosecutors for successfully anchoring the state’s evidence before the High Court.
The criminal trial centers on the former Chief Executive Officer and the former Board Chairman of the Ghana Infrastructure Investment Fund (GIIF).
The duo stands accused of illegally authorizing and paying out US$2 million to a foreign company without obtaining board directives or other mandatory statutory approvals.
State investigators have confirmed that the disbursed millions cannot be found.
Following the closure of the prosecution’s case, the accused persons moved the court for an opportunity to file a submission of no case.
The presiding judge granted the application, ordering the defense to submit their arguments by June 8.
The outcome of the June 8 filings will decide the fate of the trial:
With this, if the judge finds the defense’s submission convincing, the accused will be acquitted and discharged however, If the judge dismisses the submission, the court will order the accused officials to take the stand and explain why they should not face prison sentences.
By Edem Mensah-Tsotorme
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