Ghana: Energy cost bites industry hard

Despite the obvious increase in the cost of production of most local manufacturing companies due to the load shedding exercise, they are scared to increase the prices of their goods to absolve the additional cost.

Prices of goods have remained relatively stable reflecting in the downward movement of inflation although they have recorded significant increases in their cost build up.

The woes of the local companies could be worsened with the recent increases in petroleum products.
My Joy Online