Stop price gouging, CCCA urges suppliers

THE Competition and Consumer Affairs Commission (CCCA) has received credible information of price gouging on items which have been recommended for use to assist in the prevention of the spread of the coronavirus/COVID 19.

The commission, in a release, said while it has no legal standing to regulate market prices, it uses moral suasion to appeal to suppliers to revert to the common prices for the items they are now gouging on.

The CCAC 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,” the commission urged.

The Competition and Consumer Affairs Commission (CCAC) was established in 2006 and became fully operational in 2010. The commission functions objectively in executing the laws governing two acts, namely the Competition and Fair- Trading Act N0. 11, 2006 (CFTA) and the Consumer Affairs Act N0. 13 2011 (CAA).

The commission is an agency of the Ministry of Business.

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