The National Association of Sachet and Packaged Water Producers has confirmed an increase in the price of the products by 25%, citing high cost of electricity, taxes as well as high import duties.
President of the association, Magnus Nunoo, in an interview with Charles Ayitey on the Market Place, projected a continuous increase in the commodity, saying, the cost of doing business in Ghana continues to frustrate operators.
“We can confirm that the cost of purified drinking water has increased. The upward adjustment started somewhere from the beginning of December 2021. There is no doubt attributing this to the high cost of production – from water, electricity to transport,” he disclosed.
According to the Association, a formal statement is about to be issued to appeal to the government on the “killer taxes.”
“Producers of water pay almost 25% levy on their products, while producers of beer pay 10% less. In effect, it is cheaper to produce beer in Ghana than water,” he lamented.
Meanwhile, the margin of price increase ranges from 25% to 50%, the association revealed.
“Pure water sachet has increased by 20 pesewas, while that of bottled water has gone up by about 50 pesewas. This can change in no time soon,” he stated.
-Adom