Business News of Friday, 10 May 2024

Source: classfmonline.com

Association of authors and publishers hike prices of books

File photo of books File photo of books

The Ghana National Association of Authors and Publishers has announced a price hike for books targeting preschool children, primary, junior high, and senior high schools, effective September 2024.

During a press conference held today in Kumasi, the association's president, Mr. John Akwasi Amponsah, disclosed that wholesale prices for preschool children's books will now range from GH¢50 to GH¢60, up from the previous range of GH¢35 to GH¢38.

Furthermore, Mr. Amponsah stated that prices for primary school textbooks, previously ranging from GH¢50 to GH¢60, will now be sold at prices ranging from GH¢60 to GH¢80.

For junior high and senior high school books, which previously ranged from GH¢50 to GH¢80, prices will see a significant increase, ranging from GH¢80 to GH¢180.

Mr. Amponsah attributed these price adjustments to escalating port charges and the Value Added Tax (VAT).

He called upon the government to reconsider certain port charges, including the COVID-19 levy and AU levy, while also urging the withdrawal of the Value Added Tax (VAT).