Government explores local production to stabilize sachet water prices

Ghana's government is looking into using local raw materials for sachet water production. This aims to stabilize market prices and protect consumers. The Ministry of Trade and Industry announced this move.

Mr. Kofi Addo, from the Ministry, said the government quickly engaged manufacturers. This was after expected price increases. The goal is to ensure price stability for consumers.

A key meeting will happen to bring producers together. This meeting will address issues leading to higher prices, mainly production costs. The Ministry wants all parties involved to find a fair solution.

The government is especially looking at local polymers. These are key materials for sachet production. Relying less on imports would reduce exposure to global price changes. This could help make prices more stable.

The Ministry is also working on new policies. These policies aim to strengthen market competition. They also want to improve price setting for essential goods. External factors, like global supply chain issues, have also impacted prices.

The government will also talk with the Bank of Ghana. This is about problems with traders not accepting small coins.