BusinessNews

Fuel increment pushes price of Daily Graphic up

The Graphic Communication Group Limited (GCGL)– publishers of the Daily Graphic, Graphic Business, Graphic Sports, Mirror, and the Junior Graphic– has announced an increase in cover prices.

The state owned media outlet said the development was to enable the company to continue to sustain its operations.

The cover prices of its publications will change effective Friday, July 1, 2022.

The changes in cover prices are also to offset part of the cost of gathering and disseminating of news, which has gone up significantly.

The Director of Sales and Marketing of the GCGL, Franklin Sowa, said copies of the Daily Graphic and The Mirror would sell at GH¢4 from the effective date.

The Graphic Business would be sold for GH¢3, while Junior Graphic would be GH¢2.

Mr Sowa, however, noted that the existing cover prices would be maintained for subscribers who paid all bills owed the company before July 1.

He added that revised invoices reflecting the new prices would be sent to subscribers who were not able to clear their bills before the effective date.

“Even if you owe us and have not paid, on July 1 we will revise the bill for the rest of the year to reflect the new cover prices,” he said.

To the company, the price increases had become necessary because of recent global economic developments which had increased input costs of producing the newspapers.

“Our input materials are mainly imported. Our news print, plates and ink are imported, while our distribution cost and fuelling our vehicles and all that have gone up significantly, ” Mr Sowa noted.

 

Source: Myxyzonline.com|Ghana

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