The Plastic Manufacturers Association and the National Association of Sachet and Packaged Water Producers have agreed to maintain current sachet water prices following the suspension of a planned increase.
The decision comes after a meeting between industry stakeholders and the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, to address concerns over rising production costs.
Speaking at a press briefing after the meeting, the Minister said the proposed adjustment in polymer prices had been suspended due to improved economic conditions.
She noted that relative economic stability presents an opportunity for industry players to absorb costs rather than pass them on to consumers.
“Because the economy has been stable for a while we think that we have been cushioned so it is a good time for the industry to also cushion Ghanaians. They have agreed to do that so we continue to enjoy the stability that we have in the system. In any economy, there are gains and there are loses. Since we have enjoyed the gains for about 14 months, I am happy that they will cushion us for the next two months. We are hoping that things will come back to normal,” she said.
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