The Price Of Newsprint Is Suffocating Media Houses

The extent to which prices of goods and services are going up in the country, has assumed a frightening dimension.

As a media house, we need some items for production, week in, week out, the prices keep escalating, at a rate that is alarming.

Last week Thursday, we went to Accra for some items, including newsprint. The price for the newsprint was one hundred Ghana cedis, three days after on Monday when we went back, the price has gone up to one hundred and fifty Ghana cedis.

Perhaps, it is pertinent at this point to define what Newsprint is, newsprint is a low-cost non-archival paper consisting mainly of wood pulp and most commonly used to print newspapers and other publications and advertising material.

The government, led by Dr. Mahamudu Bawumia, told us sometime back that, the cedi, has been arrested and the keys given to the Inspector General of Police (IGP) for safekeeping.

It is obvious from happenings in the country that, the dollar, has escaped from jail or that the paperless system introduced at the Ports is leading to increases in prices of goods and services, because duty paid on goods, has gone up.

Newsprint is just one of the many things we import into this country. When the year begun, newsprint was sold for GH¢85.

From January to April, it has gone up by more than 20 percent. How can any business survive, with this daily increases in the prices of inputs of production.

The talk shops this government has organized since it assumed the reins of power are one too many without any corresponding improvement in the living standard of Ghanaians.

The government is only big in borrowing. Surveys done by various media houses indicate that, prices of foodstuffs at our markets have gone up by over 50 percent.

The situation requires urgent attention to avert the collapse of businesses.

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