Sachet water producers clarify GH¢15 as maximum price, not fixed rate
The National Association of Sachet and Packaged Water Producers clarified that the newly announced price for sachet water is a maximum retail price of GH¢15, and not a fixed selling rate.
According to Kwame Agyapong-Ntra, the price ceiling is intended to guide the market amid rising production costs driven by global factors. He explained that increases in crude oil prices, largely linked to tensions in the Middle East, have significantly impacted the cost of polymers used in sachet production. He noted that suppliers have declared force majeure, leading to a surge in input costs and compelling producers to adjust prices. Mr. Agyapong-Ntra emphasized that while the maximum price has been pegged at GH¢15 per bag, not all retailers are expected to sell at that rate unless cost pressures persist. He stated, "The Middle East conflict has had repercussions on fuel prices. The material we use is derived from petroleum, so when oil prices rise, the cost of production also increases. This informed the decision to adjust prices. The maximum price will be 15 cedis." He also said, "It is inaccurate to suggest that sachet water will be sold at 15 cedis across the board. Even with rising costs, prices are not expected to exceed that ceiling."
Mr. Agyapong-Ntra stated, "We cannot predict when the conflict will end, and even if it does, it will take time for prices to stabilise. A force majeure has been declared by suppliers, leading to increased costs, and we have had to respond accordingly."
Quick Summary
The National Association of Sachet and Packaged Water Producers has addressed the recent price adjustments for sachet water. Kwame Agyapong-Ntra explained the factors influencing the decision to set a maximum retail price- but how will this affect consumers?
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