Coronavirus: Kasapreko to produce over 200,000 bottles of sanitisers a day; not for profit
- Kasapreko Company Limited has revealed plans of switching from the production of beverages to hand sanitisers
- According to the company, the motive is not to make a profit and for that reason, the hand sanitisers would be sold at GHC6 each
- The company is ready to produce an estimated 200,000 pieces a day and export some as well
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Kasapreko Company Limited has disclosed the motive behind its intent to temporarily switch to the production of hand sanitisers and alcohol hand rubs.
The company, noted for alcoholic beverages, explained its decision was influenced by the outbreak of the coronavirus.
The World Health Organisation (WHO) has recommended the washing of hands to ensure an improvement in hygiene in Ghana.
Source: UGC
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Per a report by myjoyonline, the outbreak of the coronavirus has led to a shortage of hand sanitisers nationwide.
YEN.com.gh has learned that pharmacies and retail outlets have allegedly increased the prices of the product, making profits as a result.
According to the Chief Executive Officer (CEO) of the company, Richard Adjei, the coronavirus has become a national challenge.
For that reason, he went on, they have decided to halt the production of drinks and focus on making hand sanitisers available to Ghanaians.
Adjei indicated that the company is well-positioned to produce over 200,000 bottles a day, and is likely to export some to other countries.
The Commercial Director of the company, Gerald Bonsu, has, however, explained that the company’s decision is not fuelled by the desire to make a profit.
He added that their sanitisers would be available for GHC6 each and mechanisms would be implemented to eliminate smuggling, hoarding and profiteering.
In other news, the Ghana Investment Promotion Centre (GIPC) has announced a possible downward review of its annual Foreign Direct Investment (FDI) target of $10 billion.
The decision was reached following the disruption of business and investment activities as a result of the coronavirus.
The coronavirus has reportedly led to a loss of global stocks to the tune of over $3 trillion just before the end of 2020’s first quarter.
This has led to the fall in capital inflows and transactions and countries all over the world are enforcing social distance.
The Chief Executive Officer (CEO) of the GIPC, Yofi Grant, explained that reducing expectations was a necessity.
READ ALSO: Coronavirus: ECA estimates that Africa has lost about $65 billion in revenue so far
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Source: YEN.com.gh
