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500 ml bottled water to sell at GHS 2.00; bag of sachet water hits GHS 8.00

A bag of sachet water will be sold at GHS 8.00 in shops and 500 ml bottled water will also go for GHS 2.00 from a previous price of GHS 1.00 or 1.20p effective 1st April 2022.

The bag of sachet water consisting of 30 pieces of water bagged at 500 ml has seen a 100%  increment within the first three months of 2022. The commodity was sold at GHS 4.00 from retailers in January this year.

Although the price per bag of sachet water has gone up, the cost of 500ml of sachet water will still remain at 40 pesewas.

According to the National Association of Sachet and Packaged Water Producers (Naspawap), the decision was necessitated as a result of “the rising cost of inputs, such as fuel and packaging materials which are mainly imported and produced from petroleum sources.”

In a press release, the President of NASPAWAP, Mr. Magnus Nunoo, indicated that the decision to adjust the cost of their products was taken by the National Executive Committee (NEC) of NASPAWAP.

The Association also blamed the development on the depreciation of the cedi against major trading currencies.

The Association said the dollar to cedi rate “was in the region of 6.50 GHS” during its previous review, stressing that “Currently it [the dollar] is inching up to 8.50 GHS.”

“Fuel which forms a major cost of distributing the products to the market centers has significantly gone up since our last review. It was 6.50 GHS per liter and now it is above 11 GHS per liter, which is averaging 69.2% change since Jan 1 2022 when the old prices were implemented,” it added.

NASPAWAP has therefore urged the government to intervene to save the industry and prevent job losses.

Below is the statement from NASPAWAP;

Press Release on packaged water price review.

The National Executive Committee (NEC) of the National Association of Sachet and Packaged Water Producers (Naspawap) in consultation with stakeholders wishes to recommend the following price reviews of bottled and sachet water.

These reviews serve as a guide to all Regional Associations and to ensure uniformity across the country. The NEC also cautions that there might be slight variations in prices across the regions due to haulage to remote and distant areas.

It is recommended that ice bottled water 500ml be retailed at 2.00 ghc, and iced bottled water, 750ml or medium size, be retailed at 2.50 ghc and 1.5L bottled water 3.50 ghc. Iced sachet water remains unchanged at 40p.

A bag of sachet water, 500ml by 30pcs, will now sell at 6.00 ghc maximum from the retail trucks. Mini shops will now retail a bag of sachet at 8.00 ghc per bag maximum. These new prices takes effect from Friday April 01, 2022.

The price reviews have been necessitated by the rising cost of inputs, such as fuel and packaging materials which are mainly imported and produced from petroleum sources.

At our previous review the exchange rate of the dollar was in the region of 6.50 ghc. Currently it is inching up to 8.50 ghc. Fuel which forms a major cost of distributing the products to the market centers has significantly gone up since our last review. It was 6.50 ghc per liter and now it is above 11 ghc per liter, which is averaging 69.2% change since Jan 1 2022 when the old prices were implemented.

The National Executive Committee (NEC) wishes to again plead with government and it’s agencies to take a second look at many fees and taxes on the packaged water industry to help reduce the financial burden to save the industry and protect jobs for the youths along the value chain from production to consumption of the packaged water.

Also considering the significant impact of the packaged water industry to the eradication of water borne deseases and the achievement of the SDG goals on water.

Signed
(Director of Corporate Affairs – NEC of NASPAWAP)

+233 24 814 5549 President- NASPAWAP, Mr. Magnus Nunoo.

 

Source: Myxyzonline.com|Ghana

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