As long as inflation continues to rise, the Managing Director of GIHOC, Maxwell Kofi Jumah, has declared that his business would increase prices in order to maintain profit margins.
In his explanation, he states that the rise in the pricing of raw materials and other industrial resources has made this unavoidable.
The firm, according to him, must be able to pay wages and create cash for the government via the payment of taxes in order to be successful.
The GIHOC Managing Director claimed in an interview with Nhyira FM, despite the fact that the corporation has yet to declare the effective date of the wage rise, “Where do you think we received the money for the government employees’ salary increment?” In order to help the government, we will raise it and enhance income,” he stated.
Meanwhile, Kofi Jumah has suggested that people who cannot afford the increased pricing of alcoholic drinks should turn to water as a substitute.
“We have raised the price of alcohol, and we will continue to increase the price of alcohol,” he said.
If you are not ready to purchase, then refrain from consuming alcoholic beverages and replace them with water. “It is not mandatory to consume alcoholic beverages.”
Source: TheBBCghana.Com
