Business News of 2014-04-24

‘Pure’ water in Kumasi now 20 pesewas

Sachet water consumers in Kumasi are to brace themselves to pay more for the product after local producers raised the price of the commodity on Wednesday.

Wednesday’s decision by the Sachet Water Producers Association in Kumasi raised the price of a bag of water from GHS1.80 to GHS 3.

The association has therefore called on retailers to set the new price of a sachet of water at GHS 0.20 in order to enable them break even.

In a Citi News interview, the Association’s Secretary, Antwi Agyei, blamed the decision to increase the price of the commodity on recent increases in key taxes and fuel prices.

He said “a lot of things have accounted for” the decision. “Some of these include the cost of taxes, fuel cost, electricity and water tariffs, labour cost and cost of spare parts. Then again, whatever affects a transport owner also affects us because we produce and distribute at the same time.”

Mr. Agyei added, “For about 6 weeks now, a chilled sachet [water] in Accra has been selling for 15 pesewas but all the while it has been selling at 10 pesewas in Kumasi”.