In light of reports that businesses are drastically hiking their prices for sanitary items due to the coronavirus threat in Guyana, the the Competition and Consumer Affairs Commission (CCAC) is urging these establishments to do the morally right thing.
In a statement, the CCAC said: “While the Commission has no legal standing to regulate market prices, we wish to use moral suasion in our appeal to suppliers to revert to the common prices for the items they are now gouging on.”
The CCAC further said: “it is morally wrong to take advantage of consumers during any national emergency, in this case, that of a possible public health crisis. We again appeal to suppliers to put your countrymen/people over excessive profit.”
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