So far book prices in the mature western markets have not been consumer-impacted by the global economic crisis, as a healthy book industry has been able to cushion the blow.
Per Modern Ghana, the Ghana National Association of Authors and Publishers (GNAAP) has also reviewed the discount and credit basis they were giving the books to schools and bookshops.
GNAAP President John Akwasi Amponsah, said the high inflation rate, fuel prices, exchange rate, and high import duties are the factors considered in increasing the prices of books.
So far book prices in the mature western markets have not been consumer-impacted by the global economic crisis, as a healthy book industry has been able to cushion the blow.
But at some point the rising prices must be reflected by rising book prices everywhere.
For emerging markets, so long distancing themselves from the digital advantage, the impact will be all the more severe, not just by depressing immediate sales, but by depressing investment in the future of the industry.
Ghanaians will be glad that Ama Dadson’s AkooBooks offers a digital alterative that should be largely unaffected by paper and ink costs.
That said, it’s not clear if the GNAAP decision to raise book prices includes digital versions.
