Consumers in Ghana should prepare for a hike in the prices of plastic products, as the Ghana Plastic Manufacturers’ Association (GPMA) has announced a 7% price increase on all locally manufactured plastic goods, effective July 1, 2025. Apexnewsgh reports
In a statement signed by the Association’s President, Ebbo Botwe, the GPMA attributed the price adjustment to the recent implementation of a 5% Excise Tax on locally produced plastic products. The Association noted that the move, while regrettable, has become necessary to cushion manufacturers against the added tax burden imposed by the new government policy.
The GPMA has urged businesses, retailers, and consumers to take note of the adjustment and plan accordingly. According to the Association, the price increase is unavoidable, given the current economic conditions and the rising costs of doing business in Ghana.
The announcement comes amid growing concerns about the cost of doing business in the country, particularly within the manufacturing sector. Energy costs, raw material prices, and regulatory fees continue to climb, making it challenging for manufacturers to maintain their prices.
As a result, consumers can expect to pay more for plastic products, including packaging materials, household items, and other essentials. The GPMA’s decision highlights the need for stakeholders to adapt to the changing economic landscape and find ways to mitigate the impact of rising costs on their businesses and customers.
Source: Apexnewsgh.com/Ngamegbulam Chidozie Stephen
