The price of Sachet water has increased effective Monday, October 31st, 2022, a press release by the National Association of Sachet and Packaged Water Producers (NASPAWAP) said.
The association explains that the increment is due to the continuous increase in input costs due to the “free fall of the Ghana cedi against the major international currencies.”
The Ghana Plastic Manufacturers Association (GPMA) released new prices of plastic films and preforms used in sachet and bottled water packaging. On the 24th October, 2022, ton of sachet film was increased from GH¢25, 000.00 to GH¢36, 000.00 representing a 44% rise, same on preforms”.
“Diesel fuel price is about GH¢20.00 per litre at the pumps as at Wednesday 26th October. This means producers’ working capital has dwindled by about 45% within seven days since the NEC issued the distress call to the government,” parts of the statement read.
The association last week released a distress statement calling on the government to intervene and find a solution to the continuous fall of the cedi against the US dollar, which is having a toll on their business.
The National Executive Committee of the NASPAWAP “therefore recommends the following price reviews of bottled and sachet water. These reviews serve as a guide to all regional associations to ensure uniformity across the country. The NEC also cautions that there might be slight variations across regions and towns due to haulage to remote and distant arrears and other overheads”.
“It is recommended that iced bottled water, 500ml be retailed at GH¢2.50 and iced bottled water 750ml or medium size be retailed at GH¢3.50. Iced bottle water 1.5L be retailed at GH¢5.00.”
“It is also recommended that the iced sachet water should be retailed at 60 pesewas.”
A bag of sachet water (500ml×30 sachets) will now sell at GH¢10.00 from the retail trucks as ex truck price. It is worth noting that the retail price of a bag of sachet water and packs of bottled water from mini shops will be determined by their retailed associations using other determinants such as rent and overheads that feeds into the final retail price. However, in the open market, consumers may expect to purchase a bag of sachet water between GH¢12.00 and GH¢15.00 depending on the shop location”.
The association appreciates the difficulty “our consumers have to go through to endure these prices. However, we cannot compromise on the quality of the end product, so we wish to appeal to consumers to bear with us as we wait on the government to heed to our call to reduce some taxes on the packaged water industry”.
Source: A1radioonline.com|101.1MHz|Osuman Kaapore Tahiru|Ghana