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Government may be compelled to control
prices of some goods -- Minister
Accra, Jan. 01, GNA – Mr. Joe Baidoe Ansah, Minister of
Trade, Industry and the Presidential Special Initiative
(PSI) on Monday said government would be compelled to
control the prices of goods on the market if traders
continued to cheat customers.
"Some companies have formed a cartel, which determine the
price of certain goods at the detriment of the consumer and
this would prompt the government to step in and control the
prices of some goods on the market," he said.
The Minister made the comment when he paid a working visit
to the Ghana Community Network Services (GCNET) and Gateway
Services Limited (GSL), to find that prices of some imported
goods had shot up during the Christmas season.
The visit revealed that prices on import duties and taxes
had not appreciated in the last three months as some
importers had been accusing the government for the increase
in prices by attributing to high charges by the Customs
Excise and Preventive Service (CEPS).
According to officials of GCNET, some companies had
under-declared prices of their goods to them and were rather
selling them at exorbitant prices in the market.
The Minister said that companies who were found guilty of
under declaring their goods would be dealt with according to
the Law.
GNA
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