The National Association of Sachet and Packaged Water Producers (NASPAWAP) has announced that prices will go up from Monday October 24.
This comes after NASPAWAP announced an upward increment in the prices of sachet and bottled water which took effect on Monday, September 19.
A bag of sachet water, 500ml by 30pcs which was sold at ¢7 maximum from the retail trucks increased to ¢9 per bag maximum. The price of sachet water was retailed at ¢0.50p, while the 500ml bottled water retailed at ¢3.00.
The President of the Association, Magnus Nunoo explained that they are forced to increase their prices as a result of the high cost of production.
Mr Nunoo in an interview on the Kumasi-based OTEC 102.9 FM’s breakfast show, “Nyansapo” on Friday October 21, 2022 blamed the high production cost on the continuous depreciation of the Cedi against other major trading currencies particularly the dollar.
He noted that they will be forced to halt production and lay off their workers if government fails to address the issue.
“We will be compelled to shut down production and distribution of treated water if government does not address the continuous depreciation of the Cedi.
“There are a host of factors which are also impacting negatively on our business. Take the hikes in fuel prices and the astronomical increase in electricity cost among others is swallowing all our capital,” he said.
He disclosed that electricity has increased from 15% to 20% of the production cost.
Mr Nunoo has therefore called on government to proffer pragmatic measures to halt the current economic crisis to save their businesses from collapsing.
